New Survey Pinpoints What Keeps Family Businesses Going For Generations
As many families on FORBES’ World’s Billionaires list might admit, one of the trickiest…
Georgia (Apr 23, 2015) — As many families on FORBES’ World’s Billionaires list might admit, one of the trickiest things about business success is maintaining it — especially over generations.
Link To Articlehttp://www.forbes.com/sites/chasewithorn/2015/04/23/new-survey-pinpoints-what-keeps-family-businesses-going-for-generations/
Family businesses make up as much as 80%-90% of all firms worldwide and the top 500 largest family-owned firms account for a combined $6.5 trillion in annual revenues, a sum that would be the world’s third-largest economy behind only the U.S. and China.
An upcoming survey co-developed by Kennesaw State University’s Cox Family Enterprise Center and EY’s Global Family Business Center of Excellence sheds light on one of the biggest keys to longstanding companies’ everlasting success: They are able to efficiently hand control of the company to the next generation, a task easier said than done.
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its more than 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the second-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 126 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.