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Saturday , April 10 2021
Home / Latest posts / Believe it or Not- Family Businesses are more ‘Successful’!

Believe it or Not- Family Businesses are more ‘Successful’!

The Family that Eats Together, Stays Together….Grows Together! Well, needless to say, the happiness of having a family is infinite. But do you know that family businesses are also leading the success tally in the global economy? The recent study conducted by Kennesaw State University’s Cox Family Enterprise Center has something amazing to share- have a look!

familybusinesses

  • About 87% of Family businesses know about their ‘successors’ and ‘succession’ policies.
  • About 70% consider and recommend a ‘Woman’ as the CEO.
  • About 90% believe in the concept of having ‘Board of Directors’.
  • Regular meeting is the key to success- 90% believe in discussing issues.
  • About 76% believe in declaring themselves as a ‘Family’ business in their branding policies.
  • Having a ‘Philanthropic Conscience’ is healthy- 81% believe in it!
  • About 83% businesses are concerned about the havoc created by ‘Cyber Security’.

About Harpreet ahluwalia

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