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Calling all small firm owner-manager/senior managers……

Wednesday, 20 February 2019

The Innovation Value Institute (IVI) at Maynooth University, Ulster University (UU), N. Ireland and Anglia Ruskin University, England are undertaking

 

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PWC Family Business Report 2019

Wednesday, 13 February 2019

PWC Irish Family Business Report 2019 PWC survey of over 100 businesses, conducted in late 2018, reveals that the Irish family business sector is

 

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The Impact of Family Business in Ireland

Sunday, 20 May 2018

Although this repost is based on findings up to 2005. It is important to know the impact that family business has in Ireland. 

 

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The importance of family businesses to the global economy is undeniable. They account for more than two-thirds of all companies around the world and 50%–80% of employment in most countries. This begs the question, what does it take to cultivate a flourishing family business?

 

EY recently partnered with the Kennesaw State University Cox Family Enterprise Center to survey 525 of the world's largest family businesses. The results revealed that succession planning, integrating women in leadership and achieving staying power are all top of mind for the world's most successful family business leaders. Their achievements support the claim that having a firm grasp of these three pillars is vital to building and maintaining a lasting legacy.

 

As Carrie Hall, EY reflected on these survey results and their work with the world's leading family businesses, these 8 key findings stood out:

 

 

1. 87% of the world's most successful family businesses have clearly identified who is responsible for succession

 

2. 55% of the largest and most successful family businesses believe entrepreneurship is very important when preparing the next generation of leaders

 

3. Outside work experience is not necessarily key to effective family business succession

 

4. Family business succession planning often overlooks the importance of attracting great outside talent

 

5. 70% of the top family businesses are considering a woman for their next CEO

 

6. 55% of the world's largest, longest-lasting family businesses have at least one woman on their board

 

7. The world's leading family businesses average about five women in the C-suite and four women being groomed for top leadership positions

 

8. The world's longest-lasting family businesses maintain a robust entrepreneurial climate

 

 

She is confident that these key findings will remain front and center in the minds of the world's most successful family business leaders in 2016.

 

what do you think family business leaders should focus on to achieve lasting success?We would love to hear feedback. 

 

 

Source: http://www.forbes.com/sites/ey/2016/03/14/8-things-you-should-know-about-the-worlds-most-successful-family-businesses/#6266bbee1cf1