PwC NextGen Leader Insights

Our latest Global NextGen Survey titled Today and beyond: The next generation challenges the status quo of family business heard from more than 1,000 next generation members of family businesses across 68 countries and regions. The results provided some great news: how the pandemic has united the generations around a common goal - driving growth to secure the stability of the business and the family. We’ve learned that the next generation is well-equipped with traditional skills, including finance, management and business administration. But leadership today requires new approaches and competencies. Embracing diversity and developing new talents will be essential ingredients if next-generation members are to establish their leadership style, make their mark and build their own legacy.

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Mallorca is the largest of Spain’s Balearic Islands with a thriving local economy. While it boasts all the usual sun, sea and other tourist attractions, Mallorca is also an island that’s taking a highly proactive approach to making its booming tourism industry as sustainable as possible. From October 5th to 7th we will be visiting an array of exciting places, and meet local family business leaders to discuss their plans for growing their businesses while also having an increasingly positive impact on the environment and society.

As a family office, you are a unique organisation – one with many inherent advantages when responding to challenges of an increasingly complex global environment. However, if you expect to grow and preserve your family legacy over the long term, you should consider adopting a new mindset and changing the way you operate. We have identified the key areas you will need to consider when building or re-imagining your family office. We call these the four cornerstones of your future-ready family office. Our holistic service offerings are built to meet the challenges set in the 4 cornerstones to grow and protect your legacy. Setting up your family office starts with defining the vision for your office and purpose for the family and its wealth. Once we understand the purpose and needs of the office, we help you build on this foundation to design each of the components to seamlessly support your family’s legacy.

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In our 10th PwC Global Family Business Survey, we reveal the current thinking—and future outlook—of 2,801 family business leaders across 87 territories. Our findings show that it’s no longer enough to rely on values and legacy to propel the business forward. Tomorrow’s family business requires a new approach for lasting success—one based on accelerated digital transformation, prioritisation of sustainability goals and professional family governance. Learn more about how the rapidly changing state of the world has served as a wake-up call for family business leaders looking towards the future.

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We believe in connecting meaningfully with the owners of family businesses. The Family Business Roundtable provides family business owners and their next-generation members involved in the business with a unique opportunity to benefit from facilitated peer-to-peer learning as part of an exclusive and private gathering. The two-day event offers a wealth of learning, sharing and networking opportunities in a relaxed setting, and draws on the collective experience of the participants along with insights from PwC and the designated host. For more information and the schedule, please contact Francesca Ambrosini, Family Business Client Programs.

Pulling from years of in-depth research, the authors of Beyond Digital take readers inside twelve companies to reveal how they have reimagined their business models and achieved monumental transformation that goes further than incremental digital initiatives. For each of these companies, seven common elements emerged that serve as a roadmap for how other leaders can transform their companies for success in a world beyond digital.

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