According to the 2013 KPMG and FBA Family Business Survey, 72 per cent of family businesses reported they felt they were outperforming their competitors in the area of productivity.
Your business has transitioned from a start-up to an established small to medium family-run enterprise, but how do you know whether now is the time to pursue growth?
Continuous advancements and improvements in the various fields of technology present small and family-run businesses with numerous opportunities to improve processes and business practices.
Stephan Werhahn, shareholder of Werhahn KG in Germany shed light on the positives of having representatives from other families on the Supervisory board.
The notion regarding communication in a family business is that the process needs to be fair, and a fair process means you engage people in this process...
In spite of the risks involved, companies around the world continue to expand their operations into emerging markets, seeing it as key to their future success.
Communication is the foundation of every successful Family Business. Good communication means that they understand, agreed to and discussed what's important to the family business....
There must be an exchange of information based on mutual trust between families in similar situations...
A family run business provides a more stable environment for long term goals.
A recent international survey found that 76% of small business owners don’t have a succession plan, 45% are still trying to determine what the plan would be, and the other 31% just haven’t got to it.
Few people enjoy conflict – whether it be some form of confrontation or even just voicing disagreement – but sometimes conflict can be the catalyst that brings longstanding issues to a head, and then they’re aired and actually dealt with, to be resolved.
In “Family Business Survival and the Role of Boards”, researchers explore the question of whether family firms are more likely to survive than non-family firms, focusing on the role of board composition.
A recent report from KPMG in the Middle East revealed that 80% of companies surveyed would do things differently if they were to go through an IPO again, highlighting key challenges to be avoided by regional companies considering going public.
Company X is a leading integrated private medical service provider in the UAE, offering primary, secondary, and tertiary care through three hospitals and seven medical centres (including ancillary support facilities and pharmacies).
Family Business is said to be the backbone of Asian economies, driving growth and private wealth creation for the region.