Commitment, capability and collaboration for the long haul

"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.