Global Family Business leaders report robust health, with levels of optimism about prospects for the next two years at their highest level since 2007. Revenues are expected to continue growing for the vast majority of businesses, with fifteen percent saying it will be “quick” and “aggressive”. The 2018 edition of the biennial Family Business survey demonstrates a link between putting values at the heart of strategic planning and strong growth prospects. Family businesses should seek to maximise the competitive advantage that comes from strong values-led culture, according to the Family Business Survey.
Family business report optimism while at the same time, the number of businesses worried about digital disruption has risen to thirty percent (from 25% in 2016). Eighty percent are concerned about how digital, innovation and technology may slow growth. The challenge of attracting the right talent was cited as the most urgent concern.
Family business leaders have traditionally viewed private equity investors as not necessarily compatible with their long-term strategies and values. One of the most striking findings is that while eighty one percent of respondents continue to rely more on banks for funded needs, more than a third of family business leaders said they would consider private equity.
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