Next-generation family businesses
Exploring business ecosystems
Family-owned businesses face a growing challenge: How to thrive in today's fluid business ecosystems while still preserving their identity as a business and their cohesion as a family.
Next-generation family businesses: exploring business ecosystems, a 2018 global study by the Deloitte Family Business Center, polled 575 current and future family business leaders to investigate their attitudes and actions with respect to the business ecosystems in which they participate.
New entrants and startups, as well as established competitors, are capitalising on a wave of opportunities created by an ecosystem-driven world. Family businesses that can evolve their culture and business practices to take advantage of the same opportunities can gain a competitive edge.
From a New Zealand perspective, it’s clear that interaction, innovation and digitisation should be high on the agenda of every family business. Download our report here.
Next-generation family business leaders 2017
Long-term trends, driven by public policy and exponential rates of change in digital infrastructure, are fundamentally altering the global business environment. In this disruptive environment, family businesses need to challenge themselves – and this is an important responsibility for the next generation of family business leaders.
Next-generation family businesses 2016
Worldwide, even only one out of three family businesses successfully make the transition from the one generation to the next. Family businesses are most vulnerable at times of transition. There is the paradox of, for example, the desire to maintain and respect tradition whilst striving to adapt and progress in response to changing business environment. Deloitte EMEA Family Business Center conducted in-depth interviews with almost 100 future leaders of family-owned companies across the Europe, the Middle East and Africa region.
Published: September 2018