Global Family Business Survey
Overview
The Global Family Business Survey is the seventh survey by PwC from interviews conducted with key decision makes in family businesses in 40 countries.
Without question, family firms remain a dynamic and resilient sector, even though the post-recession economic environment is proving tough, and there are continuing pressures in relation to skills shortages, innovation, and governance. Family businesses acknowledge they will have to adapt faster, innovate earlier, and become far more professional in the way they run their operations.
Many of these issues were already raised in the 2012 survey; what’s emerging this year is that succession is only the most obvious manifestation of a much more deep-seated issue: family businesses need to professionalise the family, as well as the firm.