Trends and Strategies Shaping Family Businesses’ Future

Family businesses have experienced significant turbulence and change over the last quarter century, which redefined the fundamentals of social interaction and triggered the restructuring of even some of the most steadfast industries and sectors. Technological advances coupled with societal and environmental forces have upended the status quo of how business is conducted, and catalysed a growing number of mega-trends that will likely continue to influence all commerce globally. The entrepreneurial ethos of family enterprises enables them to think laterally and perform with agility in circumstances that are beyond their direct control. They can, however, often do more to ensure successful outcomes and transitions in uncertain times. In this episode, KPMG Private Enterprise partners Camilla Cullinane, Robyn Langsford, and Karmen Yeung discuss how family businesses are responding globally to trends and strategies, and the foundational approaches that can lead to success.