Insights on Succession in the Family Business
The Spring 2012 report of Pictet & Cie, the Swiss Private Bank, included two interesting articles on succession in the family business. One brings an academic perspective from INSEAD on the topic,...
View ArticleManaging the real impact of cost cutting on succession in business
The recent KPMG Business Leader Survey concluded that businesses will need to make and execute tough strategic decisions on costs to survive the current global economic downturn and take their...
View ArticleHow to plan for an effective family business succession
Implementing an effective succession plan in the family business is hard. According to the Family Business Institute, only 30% of family businesses are able to do a successful transition to the second...
View ArticleGaining the edge: entrepreneurship and innovation
In 2011, KPMG in Australia published the Family Business Survey, Stewards: Moving Forward, Moving Onward. The study explored a cross section of 658 family enterprises across Australia, most of whom...
View ArticleFinancial stewardship for the next generation
You’ve worked hard to make a success of your family business and to build your family’s wealth. The last thing you wish to see is the wealth built up over your lifetime squandered away by the next...
View ArticleA strategy for multi-generational engagement with the charitable planning...
Philanthropy is an excellent way for the next-generation family members to learn the skills they’ll need to be successful stewards of the family legacy when their turn comes around. This is where the...
View ArticleThe family philanthropic planning process
Like many family business owners, you may have been involved in philanthropic planning activities during your career. Now, as members of the next generation grow...Article originally posted on KPMG...
View ArticleExit Strategies for Family Business
Many family business owners look to reap the rewards of their efforts over the years. There are a myriad of exit strategies that need to be considered …Article originally posted on KPMG Family Business
View ArticleThe Family Foundation in transition
There’s one thing that’s constant in this world – change. As the years pass, and your family matures and relationships become more complex, different demands will be leveraged on your family...
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Keeping business in the family [infographic]
Monica Appelbe and Intuit recently produced an infographic on family business in the US. According to the U.S. Small Business Administration, 90% of the 21 million small businesses in the US are...
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The Risks Leaders Pose to the Family Business
Family business founders are largely lauded for starting out with little, building great enterprises from the ground up, and leaving legacies from which the next generation benefits. But there can be...
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Should every business have a ‘succession plan’ or a ‘plan for success’?
With a growth in interest shown towards family business globally, there have been an increasing number of surveys looking at the attitudes towards, and current thinking surrounding family businesses.A...
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Family Business, a key driver of Asian economies
Family Businesses are said to be the backbone of Asian economies, driving growth and private wealth creation for the region. In a recent Credit Suisse report on Asian Family Business, it was noted...
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Family businesses in Australia well equipped to withstand economic uncertainty
According to the 2013 Family Business Survey jointly undertaken by KPMG and Family Business Australia, Australian family business owners see themselves as more adaptable and resilient to market...
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Communication and education key to long-term family business success
A recent blog post by Edouard Thijssen in the Family Business Wiki – The importance of communication and education for long term family business success – provides some interesting information around...
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The Philanthropy of the Millennial Generation
In A Big Conversation for the New Philanthropists, Aron Pervin describes the shift in philanthropy happening between the approach of the “old guard” and what he calls the “Millennial generation” – the...
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The essence of Impact Investing
Many family businesses are showing a strong interest in the field of impact investing. On 23 May 2013, INSEAD gathered for its entrepreneurship forum in Fontainebleau, France, and attendees included...
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The art of balancing family priorities vs. the business’ best interests
It’s critical that leaders in family business pay attention to the governing of both the family and the business, yet only 55% of the family businesses surveyed in KPMG in Australia’s and Family...
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Here to stay – The long-term viability of the family business
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....
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Why family business needs non-family members
Why then do experts say that it’s important to have non-family members in leadership positions or sitting on the board of a family-run organisation? What vital role can they play in ensuring good...
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