Categories: entrepreneurial & private business

  • GenAI holds promise for family business, but critical gaps remain: PwC’s Global NextGen Survey 2024 - Asia Pacific Highlights

    73% of NextGen in Asia Pacific believe that generative AI (GenAI) is a powerful force for transformation, but many question the ability of their family business to capitalise on it Only 8% of family business in Asia Pacific have adopted GenAI, while 56% have yet to explore the technology A mere 9% of Asia Pacific family businesses have established protocols on the responsible use of emerging tec

  • COVID-19 proves to be double-edged sword for family businesses in Asia Pacific and Asean: PwC

    PwC’s NextGen Survey 2022 Asia Pacific and ASEAN highlights
    43% of the next generation of family business leaders surveyed in Asia Pacific are more committed to their business than before the pandemic 67% recognise that their business has a responsibility to fight climate change and its related consequences Only 12% say they emphasise cyber security and privacy as a priority for their family b

  • More than half of next generation leaders in family businesses already hold management positions, says PwC

    75% of next generation (NextGens) of family businesses are deeply engaged in the business, according to PwC’s Global NextGen Survey 2019 In Singapore, 59% already hold a management role in the business Significant minority do not feel they have a ‘licence to operate’ with 42% saying that their current level of expertise is a major constraint on having the impact they would like to have Current

  • Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

    • Singapore's family owners have a strong desire to keep leadership and decision-making within the family, with 68% of respondents (vs 67% in Asia pacific and 65% globally) now having a next gen in the business • Despite this only 8% surveyed in Singapore (vs 12% in Asia Pacific and 15% globally) have a succession plan, a decline from 2016 figures of 10% (vs 13% in Asia Pacific and 15% globally)

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