Unique dynamics and long-term vision
Family businesses are built with a vision for the future in mind. Although they are often viewed as change-resistant, the reality is that many family businesses have an innate ability to self-innovate, demonstrate resilience in times of change, inspire trust, and build a competitive advantage while maintaining their entrepreneurial spirit and their core values.
These are the very qualities that have been carrying them successfully from one generation to the other.
Evolution in parallel for family and business
Both family and business grow in parallel and the evolution of one influences the other. This extra layer of complexity due to the interwoven growth paths means that managing strategic direction and shareholding can become emotional decisions. As family and business evolve, the need to professionalise and put in place objective mechanisms that protect the future of both becomes unavoidable.
You are operating in a new norm
The strategies that led to success in the past will not work in the future. We are currently experiencing a period of rapid transformation – digital disruption, market fluctuations, regulatory changes, megatrends. Family businesses are called upon to rise to new challenges.
We see three key imperatives to future-proof your business
Building your legacy
How do you ensure cross-generational sustainability and maximising shareholder value?
Innovating for future growth
How do you ensure top-line growth and strategies that will successfully carry the business into the future?
Succeeding in uncertainty
How do you ensure bottom-line profitability as well as agile and efficient operations?
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Adnan Zaidi
Entrepreneurial & Private Business Leader - Assurance Clients & Markets Leader, PwC Middle East
Tel: +971 56 682 0630
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