Family Business Survey 2012
Family firms across the world continue to be profitable, resourceful and confident about the future. With strong values, long-term decision making and a commitment to employment and local communities, the family business has unique strengths. However, there are also unique challenges, and long-term success depends on negotiating scale, skills and succession effectively.
Scale: size does matter
In order to grow or maintain their current position family businesses need to think about operating and/or exporting into new markets.
Skills: mind the gap
Attracting and incentivising the right skills and talent is high on the agenda.
Succession: make or brake
A real dilemmma: is keeping the business in the family the best way to fulfil the founders' dream?