A new report from Dublin City University’s National Centre for Family Business shows 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.
Surviving a Crisis as a Family Business marks the first all-island study of family business practice that includes businesses from the Republic of Ireland and Northern Ireland. It captures the lived experiences of over 250 participants from a broad range of sectors and insight into the realities they’ve been facing in their respective industries during this COVID-19 pandemic.
- 83% of CEOs report their business will be negatively impacted by COVID-19
- 79% experienced a negative impact on company sales and 63% on company production
- 98% of CEOs report that the pandemic will change their business model going forward