![]() Download the Family Business Survey 2012: Family firm: A resilient model for the 21st century |
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![]() Download Scale, skills and succession: Tackling the tipping points for family firms |
We talked to more than 1,952 family business owners and managers in 35 countries over the last few months. We wanted to speak to the leaders in these businesses to see what challenges they were facing now and what sorts of challenges they believe they will face in 5 years time. We wanted to gets their views on how supportive they think their local governments are and we wanted to hear from them on what they think makes them unique.
Our results show that family businesses are positive about the future and the majority are looking to grow the business in the next 5 years. The results prove that family firms are robust, vigorous and successful.
They are ambitious and entrepreneurial and delivering solid profits, even in the continued uncertain economic environment. These businesses make a substantial but under-valued contribution to stability and growth but we believe that governments could do more to offer the sort of targeted support that would make a significant difference.
The PwC Family Business Survey shows that family firms across the world continue to be resourceful, profitable and confident about the future. With strong values, long term decision making and a commitment to employment and local communities, the family way of doing business has unique strengths. However, there are also specific challenges, and long term success depends on the effective negotiation of three key tipping points: scale, skills and succession. We discuss each of these tipping point in greater detail in this short report.
Learn more about the qualities that make family business unique, the current and future challenges they face and what they believe they need to do to compete in an increasingly global market place.
How are companies like yours preparing to become more international? How are they recruiting and retaining the right talent? How are they preparing the business to hand over to the next generation?