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"INNOVATION is what sparks many success stories among sustainable family enterprises," said Singapore Management University's (SMU) Professor Annie Koh.
Prof Koh was sharing key findings of a study entitled "Innovation in Singapore-based Family-owned Enterprises" at the inaugural V3 Group Professorship in Family Entrepreneurship Lecture held at SMU last Thursday.
The six-month study, conducted by SMU's Business Families Institute (BFI@SMU) between December 2018 and May 2019, surveyed 86 Singapore-based family firms across a range of sectors, including food and beverage, manufacturing, as well as wholesale and retail trade.
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