Innovation needs to involve all employees
Family businesses must make a concerted effort to nurture a workplace culture that supports innovation.
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INNOVATION needs to be more pervasive among all levels of staff in family businesses, according to professional services firm KPMG Singapore.
Recent research by the firm shows that innovation is currently mostly limited to founders and senior people in a family business when it is important for every worker to be empowered to innovate.
In an age where disruptive change has become more of a norm, family businesses should also consider how they can be disruptors in their industry.
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