In January 2021, Dublin City University’s National Centre for Family Business research centre launched a report showing that despite 83% of CEOs reporting their business to be negatively impacted by the COVID-19 pandemic, Irish family businesses have demonstrated resilience and a strong commitment to continuity.
Despite a number of difficult measures taken by family business CEOs to ensure their company’s survival, such as salary reductions, temporary layoffs, and reduced hours, the research shows that trustworthy leaders have fared better, particularly those who demonstrated concern for employee well-being during the crisis, as they were viewed in a more positive light by their teams.
Researcher Dr Catherine Faherty will present the findings of this research at a DCU Business School alumni event on April 20th at 11am
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