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Innovation needs to involve all employees

Family businesses must make a concerted effort to nurture a workplace culture that supports innovation.

KPMG's Mr Chiu says family businesses are sometimes vulnerable to inertia, with the senior management - often the family members - emotionally tied to a single product or service.

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...

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