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Family business resilience under the COVID-19: A comparative study in the furniture industry in the United States of America and Colombia

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  • Ana Cristina González
  • Miguel Ángel Pérez-Uribe

Abstract

COVID-19 has impacted the world and has forced organizations to adapt to the “new normal”, and family businesses have not been exempt. In this study, we answer two research questions; how prepared are family businesses to face shocks like the pandemic? and, do contexts matter in that response? Using the Resource-Based View of the firm, in this qualitative exploratory study we analyze the resources and capabilities deployed by two business families owning three family businesses in the office furniture industry in the countries of Colombia and the USA. Our findings indicate that indeed family businesses are resilient, but the resources and capabilities deployed and their uses are different according to the context, suggesting a contingent familiness during a crisis

Suggested Citation

  • Ana Cristina González & Miguel Ángel Pérez-Uribe, 2021. "Family business resilience under the COVID-19: A comparative study in the furniture industry in the United States of America and Colombia," Estudios Gerenciales, Universidad Icesi, vol. 37(158), pages 138-152, March.
    • Handle: RePEc:col:000129:019219
    DOI: 10.18046/j.estger.2021.158.4423
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    family business; resilience; resource-based view; COVID-19;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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