Staying power: how do family businesses create lasting success?
Global survey of the world's largest family businesses
“Family businesses and their leaders are the ultimate entrepreneurs. They must continually innovate to grow and pass on a thriving business from one generation to the next. Our survey demonstrates how this entrepreneurial thinking across generations results in business success and strong family ties.”
Carrie Hall, EY Americas Family Business Leader
The importance of family businesses to the global economy is undeniable. They account for more than two-thirds of all companies around the world and 50%–80% of employment in most countries 1.
With that kind of global impact, it’s vitally important to understand what makes successful family businesses tick. We partnered with the Kennesaw State University Cox Family Enterprise Center and surveyed the largest family businesses in each of the top 21 global markets 2 to find out how they manage the important issues:
- Women in leadership
- Communication and resolving conflicts
- Corporate social responsibility, philanthropy and sustainability
Secrets to lasting success
1 Global Data Points; Family Enterprise Statistics from around the World, Family Firm Institute,
www.ffi.org/?page=GlobalDataPoints, accessed March 6, 2015.
2 Australia, Belgium, Brazil, Canada, China, France, Germany, Gulf Cooperation Countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), India, Indonesia, Italy, Japan, Mexico, the Netherlands, Russia, South Korea, Spain, Switzerland, Turkey, UK, US.