Shifts in the demographic landscape are adding to the intricacies of family business succession, making it more important than ever to deeply understand the dynamics of today’s family businesses and their succession plans.
With this goal in mind, KPMG Private Enterprise worked with the STEP Project Global Consortium to explore the practices of family businesses and how their leaders are putting them into action.
The collaboration began with the STEP 2019 Global Family Business Survey of more than 1,800 family businesses across the globe. Over the past 12 months, 33 family business leaders from the STEP cases and selected KPMG Private Enterprise clients participated in follow-up personal interviews. This survey report includes selected insights on issues key to family business succession and effective governance tools for families to run sustainable businesses.
These key insights are included in the four articles that follow, co-authored by KPMG Private Enterprise and the STEP Project. The research data from the survey and real-world experiences distilled from the interviews provide a unique perspective on the impact that each generation is having on their family businesses.