The PwC Family Business Survey 2007/2008
Making a difference
The family firm is the dominant form of business structure worldwide and, collectively, family businesses play a crucial role in the global economy. They contribute up to 45% of GNP of North America, up to 65% of the GNP of EU member states, up to 70% of GNP in Latin America and up to 82% of the GNP of Asia.
PwC’s first global Family Business Survey aims to gauge the opinions of family business leaders worldwide. PwC felt it needed to learn more about the opinions, intentions and expectations of the family business sector; and thought that its family business clients would be interested to compare their own views with those of their peers from around the globe.
The Survey canvassed the views of the top management of 1,454 family businesses across 28 countries. More than 90% of the companies interviewed had been trading for more than a decade, and 38% for at least 50 years. 72% of the companies employed less than 250 people; and over half of the companies had an annual turnover exceeding €51 million. To qualify for the Survey, at least 51% of the shares had to be in the hands of the family, or related families, and the majority of senior management positions held by family members. The Survey was carried out between 5 February and 15 June 2007.
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Tracey Capper
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