The Family Business Survey 2018 focuses on the importance of values and purpose to the growth of family businesses in Malaysia. Generally, they display optimism about their future growth, and 81% of Malaysian family businesses feel their values and purpose have contributed to an increase in revenue and profitability. Family businesses are also defining success not only in terms of financial wealth, but are identifying less tangible elements like environmental sustainability and the upholding of core values as long term business goals.
The ‘values effect’ can be seen across family businesses globally, with 84% of family businesses displaying robust growth (more than 10% growth) sharing a clear sense of agreed values and purpose as a company.
Are family businesses equipped to make the most of their growth potential? How are they adapting to achieve their personal and business goals going forward?
Fung Mei Lin
Tax Partner and Entrepreneurial & Private Business Leader, PwC Malaysia
Tel: +60(19) 224 7668
Shu Kew Loke
Deals Partner, Transaction Services, and NextGen Club Lead, PwC Malaysia
Tel: +60 (12) 233 5804