We are in survival mode: how family-owned small foodservice firms in India responded to the Covid-19 pandemic

Piramanayagam, Senthilkumaran; Dixit, Saurabh Kumar; Seal, Partho Pratim

doi:10.1108/jfbm-10-2021-0130

Cited by 8 publications

(15 citation statements)

References 42 publications

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“…It was argued that external stakeholders with embeddedness in the family show transparency and also commitment. Piramanayagam et al (2022) investigated how family-owned small food service firms survived the pandemic in India and found that most of the family-owned businesses did not have a crisis prevention plan and only adopted reactive strategies. Nwuke et al (2020) emphasise that the survival of family businesses is influenced by internal factors associated with the founders.…”

Section: Survival Strategies For Family Business Smesmentioning

confidence: 99%

Leadership transition and survival strategies for family-owned SMEs in an emerging economy

Nwuke

Adeola

2023

JFBM

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PurposeThis study explores the different survival strategies employed by family-owned small and medium-sized businesses in Nigeria. The study delves into the dynamics of ensuring business continuity from founders to successors and identifies the success factors that can facilitate seamless leadership transition outcomes.Design/methodology/approachThis study utilised a qualitative multiple-case study approach, with the population consisting of founders from three medium-sized family businesses in Nigeria. Semi-structured interviews were the primary data collection tool used in the study. Furthermore, company documents were analysed to gain further insights into the leadership transition strategies employed in the selected businesses.FindingsSuccessful transition and survival of family businesses are dependent on the founder's desire and support for transition, successor preparation, building trust and credibility in successors, and instilling a clear vision for the business.Research limitations/implicationsThe study's findings will provide valuable insights to leaders of family-owned SMEs, specifically in the development of effective leadership transition action plans. It should be noted that the study is limited to three family-owned businesses in two locations in Nigeria, which may restrict the generalisability of the findings. Despite this, the study offers novel contributions to the current literature by presenting practical strategies for achieving the survival of family businesses in an emerging economy.Originality/valueThis study proposed strategies for business survival, continuity, sustainability and seamless leadership transition for small and medium-sized family-owned businesses. Importantly, the study recommends action plans for present and prospective family business leaders to deepen succession pathways.

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Section: Survival Strategies For Family Business Smesmentioning

confidence: 99%

Leadership transition and survival strategies for family-owned SMEs in an emerging economy

Nwuke

Adeola

2023

JFBM

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“…The research has estimated that between 70–95% of the businesses in the world are operated by families and that these businesses employ about 50% of the world’s workforce (Obermayer et al. , 2021; Piramanayagam et al. , 2022; Royer and Bradley, 2020; Veloso et al.…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…The research has estimated that between 70-95% of the businesses in the world are operated by families and that these businesses employ about 50% of the world's workforce (Obermayer et al, 2021;Piramanayagam et al, 2022;Royer and Bradley, 2020;Veloso et al, 2021). In the tourism sector, and specifically in the accommodation industry, a large majority of businesses are classified as small and medium-sized enterprises (SME), and most of them are family businesses (Camilleri and Valeri, 2021;Peters and Kallmuenzer, 2018;Getz and Carlsen, 2000).…”

Section: Introductionmentioning

confidence: 99%

“…Hence, this COVID-19 crisis had a major impact on small family businesses that operated in the accommodation industry. This is quite challenging, since small businesses are very vulnerable to crisis (Herbane, 2010(Herbane, , 2013Piramanayagam et al, 2022). Nevertheless, the family orientation of these businesses seems to give them a resilience that makes them more resistant to a crisis (Lepp€ aaho and Ritala, 2022).…”

Section: Introductionmentioning

confidence: 99%

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Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises

Crespo¹,

Crespo

Calado³

2022

JFBM

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PurposeThe purpose of this study is threefold: 1) to examine the relevance of specific strategic orientations for family businesses in the context of an intense crisis such as the COVID-19 pandemic; 2) to investigate the role of a family adaptability in surviving the crisis; and 3) to assess how proactive strategic responses connected with marketing or retrenchment responses connected with reducing costs relate to the expected survival of the crisis.Design/methodology/approachThe method adopted is a quantitative research approach. The theoretical framework uses a partial least squares structural equation modeling (PLS-SEM) for the data collected from an online survey of a sample of 544 family businesses in the accommodation industry.FindingsThis paper makes three main findings. First, family businesses that invest in operational marketing actions as a strategic response to the crisis have a high expectation of surviving the crisis. Second, family businesses that reduce their operational and labor costs as a strategic response have a low expectation of surviving the crisis. Third, the family business’s adaptability is also fundamental to their expectation of survival.Originality/valueThis is the first paper to identify the possible reactions of family businesses to the COVID-19 crisis. the authors show that there are proactive or retrenchment strategic responses, and the authors relate those responses to the expectancy of surviving the crisis. This is also the first study to examine the relevance of family adaptability as a measure of the resilience of family businesses and, therefore, as a determinant of the expectation of surviving the crisis.

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Examination of survival strategies of quantity surveying firms amid COVID-19 pandemic disruption in Lagos State, Nigeria

Olatunde

Municio²,

Awodele³

2022

AJEMS

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PurposeDisruption caused by coronavirus disease 2019 (COVID-19) to the ways and manners businesses are conducted worldwide is phenomenon. The study therefore examined the survival strategies adopted by quantity surveying firms (QSFs) in Lagos State, Nigeria, with the intention of improving their performance.Design/methodology/approachThis study used a systematic sampling method to select three QSFs from 20 local government areas in the state. Of the 60 QSFs contacted for interview, only 42 agreed to participate. A questionnaire was designed to collect the required qualitative information, which was then analyzed using content analysis.FindingsThe results revealed that the main survival strategies adopted by QSFs in Lagos State, Nigeria, during the COVID-19 disruptions were downsizing, contract staffing, salary cuts, work from home and service negotiation strategies.Research limitations/implicationsDue to the chosen research approach, the research results may not be generalizable. The incidence of the pandemic and the socio-economic situation of the study area have to be considered.Practical implicationsThe survival strategies employed by QSFs in Lagos Nigeria in the middle of COVID-19 are palliative (unsustainable) as the impact of the disruptions is biting hard on QSFs in Lagos Nigeria as such a more robust and sustainable method to enhance the performance of QSFs in the study area.Originality/valueThis study attempted to unearth the survival strategies of QSFs amidst COVID-19 in Lagos State, Nigeria, with the aim of improving the performance of such firms.

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We are in survival mode: how family-owned small foodservice firms in India responded to the Covid-19 pandemic

Cited by 8 publications

References 42 publications

Leadership transition and survival strategies for family-owned SMEs in an emerging economy

Leadership transition and survival strategies for family-owned SMEs in an emerging economy

Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises

Examination of survival strategies of quantity surveying firms amid COVID-19 pandemic disruption in Lagos State, Nigeria

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