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The Impact Of Global Crisis On Innovation And Succession On Family Business From A Socioemotional Wealth Perspective, Lai Kuan Kim Wong
The Impact Of Global Crisis On Innovation And Succession On Family Business From A Socioemotional Wealth Perspective, Lai Kuan Kim Wong
Dissertations and Theses Collection (Open Access)
The ongoing pandemic provides an invaluable opportunity to observe family businesses under extenuating circumstances, especially the Circuit Breaker which forced all non-essential workplaces to close to curb the spread of COVID-19; this in effect mandated that everyone should work from home. (Ministry of Health Singapore, 2020). This meant that for those working in intergenerational family businesses, they could also be living and working in the same confined space for an extended period. Does the accumulation of these circumstances create a phenomenon that leads to interactions that generate innovation and renew family bonds leading to succession?
Family businesses are known to …