Professionalisation 2.0

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“We have the infrastructure of a multinational, with the flexible organisational structure of a startup. That’s a huge advantage. We also understand how strategy works in this sector. You need to have a medium-term plan, but you have to be incredibly flexible about how you implement it.”

Konstantinos Gerardos Co-CEO, Plaisio SA, Greece

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The role of the professional CEO

An external hire can bring new direction and energy to a family firm, but it can be a challenge for some owners to 'let go'. But without autonomy, a professional CEO cannot operate effectively, and this is especially true when it comes to strategic planning.

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The role of the board

To reach full maturity, a family firm needs a strong board of individuals with relevant experience, and a wider perspective. A well-functioning board can add tremendous value to a family business but it can be difficult to attract the right individuals with both the skills and a shared sense of the company's values.

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The role of the next generation

In the next five years we will see perhaps the biggest inter-generation transfer of wealth the modern economy has ever seen. The generation in waiting is more ambitious, more open to change, and arguably better prepared than any of those that have preceded it.

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Explore the data

Use our data modeler to look at the findings from our Survey in greater depth. 

Explore five themes: Business performance & challenges; global considerations; The family business DNA & succession planning; digital; the people piece. 

Filter the data by territory, industry, generation or turnover.

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Case studies

Traditional values, new challenges: Family firms in the Middle East

Traditional values, new challenges: Family firms in the Middle East

As we’ve discussed in previous reports, family businesses are especially important in the Middle Eastern economies, contributing 60% to GDP and employing over 80% of the workforce. Many of the region’s largest companies are family-controlled, and in a sector like retail, some of the biggest Western brands are actually managed as franchise operations by local family firms.

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Writing down the ‘unwritten rules’: Professionalisation in Malaysia

Writing down the ‘unwritten rules’: Professionalisation in Malaysia

The Malaysian conglomerate AZRB is a good example of many of the themes brought out in this year’s survey. The company was founded in 1982 by a strong and visionary entrepreneur, and by 2010 had grown into a company with total assets amounting to $417m, trading in Asia and the Middle East, with interests in construction, infrastructure, plantation, oil & gas, and property development.

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Insights from Sir Graeme Avery

Insights from Sir Graeme Avery

Sir Graeme Avery has had a long and successful career as an entrepreneur. He set up the Adis International medical publishing group, having identified a gap in the medical journals market, and made it into a world-leading scientific publisher. That business was sold in 1996, and Sir Graeme moved into wine, which had always been a passion and now became a business. He is President of Sileni Estates, New Zealand, which has grown from 2,000 cases in 1998 to 750,000 cases now, and is about to make the transition to its second generation. He is also a prominent and respected philanthropist. We talked to him about being an entrepreneur, going digital, and understanding millennials. Here’s what he had to say.

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Learning as you grow: Strategic planning in Russia

Learning as you grow: Strategic planning in Russia

Trio is a Russian agribusiness company founded in 1997 by two entrepreneurs as a grain and sugar-trading venture. In 2003, the company ventured into the agricultural business. Today, Trio is a multifaceted enterprise, with turnover exceeding US$100 million, and is one of the leading suppliers of potatoes to Frito-Lay/PepsiCo. It has also diversified into grain, sugar, dairy and potato production.

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Contact us

Peter Bartels

Global Entrepreneurial & Private Business Leader, Partner, PwC Germany

Tel: +49 40 6378-2170

Peter Englisch

Global Family Business and EMEA Entrepreneurial and Private Business Leader, PwC Germany

Tel: +49 201 438 1812

Siew Quan Ng

Asia Pacific Leader, Entrepreneurial and Private Clients, PwC Singapore

Tel: +65 6236 3818

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