of the next generation strongly feel that they have clarity on their future role
of family businesses will be passing on the business to the next generation in the next five years
of the next generation expect or hope to be managing the business in the future and only 17% expect to be mere owners
Entrepreneurship, ambition, resilience, dynamism, sustainability, legacy—these are some of the terms that are synonymous with a family business.
Family enterprises are key catalysts for growth and integral to most economies. Operating in markets with significant potential, these businesses offer stability to the economy, are optimistic about growth, drive job creation and have a long-term view on growth and profitability. The Family, Legacy and You publication captures perspectives from prestigious Asian family businesses on their approach to succession which includes grooming the next generation, aligning aspirations across generations and strategising ways of tackling issues around succession. With in-depth conversations with the current and next generation of leading businesses, we were able to uncover viewpoints on diversification, modernisation, bringing in professionalism and more.