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pwc research

July 19, 2018

Family business leaders of tomorrow are being encouraged to bring their families up to speed on the value of new technologies after almost 40% of families admitted they did not have a digital strategy.

Family business leaders of tomorrow are being encouraged to bring their families up to speed on the value of new technologies after almost 40% of families admitted they did not have a digital strategy.

Digital awareness among next generation family business leaders was high, but other family members may not be as aware of the opportunities that digital technologies can offer, the latest Deloitte survey of next gen family businesses found.

September 27, 2017

The next generation of family business leaders overwhelmingly believe innovation and technology are keys to success but many say their efforts are being frustrated by older generations in charge of their firms.

The next generation of family business leaders overwhelmingly believe innovation and technology are keys to success but many say their efforts are being frustrated by older generations in charge of their firms.

Three-quarters (75%) of next gens surveyed by PwC planned to take their businesses forward and make their mark. However, 26% of them found it difficult to get the incumbents to pay attention to their ideas.

August 30, 2017

When it comes to succession, some business families plan well and some don’t, whether the next generation is ready or not. Scott McCulloch reports.

When it comes to succession, some business families plan well and some don’t, whether the next generation is ready or not. Scott McCulloch reports.

Here is a scenario: What if a patriarch–a maverick whose family firm, built over four decades and turning over more than €100 million ($105 million) annually–dies in office without leaving his children a set of instructions on how to run the show?

August 11, 2017

Lego has ousted its chief executive after eight months, trading him in for a younger toy boy with technology experience, as the company moves to be more competitive in the digitally-focussed play market.

Lego has ousted its chief executive after eight months, trading him in for a younger toy boy with technology experience, as the company moves to be more competitive in the digitally-focussed play market.

August 11, 2017

Billionaire faces down tiny fly; Family offices looking to brands, Spanish assets; and Costco founder Jeff Brotman dies suddenly

Billionaire faces down tiny fly

Australia’s richest woman is having her ambitions to export cattle to China foiled by a tiny fly.

Mining billionaire Gina Reinhart wants to ship 300,000 live cattle to China each year, to feed the country’s burgeoning middle class.

August 4, 2017

Senior managers in finance and insurance are the most concerned about cybersecurity but only 60% classify it as a “very high priority,” research finds.

Senior managers in finance and insurance are the most concerned about cybersecurity but only 60% classify it as a “very high priority,” research finds.

London-based property firm Savoy Stewart called on businesses to take cybersecurity seriously after it looked at research by Gov.uk on the attitudes of more than 1,500 UK companies in 11 sectors.

May 19, 2017

In the wake of the WannaCry cyber attack which infected 200,000 computers in 150 countries, family businesses are asking how they can best protect themselves.

In the wake of the WannaCry cyber attack which infected 200,000 computers in 150 countries, family businesses are asking how they can best protect themselves.

The Global Family Office Report found 15% of family offices admitted being victims of a cyber-security breach and most hacks resulted in resulted in losses of $50,000 or less. However, one case resulted in the loss of $10 million or more and industry commentators suspected the real number of family offices attacked was far greater.

March 22, 2017

A quarter of British family businesses feel vulnerable to digital disruption but just over half have ever discussed the threat from cyber criminals in the board room, says PwC research.

A quarter of British family businesses feel vulnerable to digital disruption but just over half have ever discussed the threat from cyber criminals in the board room, says PwC research.

Digital apathy was greater in the global private sector than the global public sector, with 68% of private company chief executives concerned about the speed of technological change compared to a greater 74% of global public companies. A lowly 41% of private company chief executives were not concerned about cyber threats compared to 65% of global public companies.

November 4, 2016

Growth among family businesses will be held back if the community does not improve its strategic and succession planning, new research cautions.

Growth among family businesses will be held back if the community does not improve its strategic and succession planning, new research cautions.

This was the stark warning from PwC's eighth biennial Global Family Business Survey, which urged family business leaders to bolster their abilities to adapt to digital technology, succession, finance, and professionalisation.

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