Building sustainability in family business
When it comes to ensuring the continuity of family firms, three key contributing factors stand out.
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FAMILY businesses play an integral role in many of Asia's economies. Singapore is no exception. Over 60 per cent of the companies listed on the Singapore Exchange are family businesses. They are represented in diverse industries ranging from commodity, construction and property, to finance, food and beverage, hotel, manufacturing and services.
What contributes to the sustainability of these family firms? There are three key factors: culture and values, professional management and business transformation.
Culture and values
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