Family businesses are highly relevant to the Singapore Chinese Chamber of Commerce & Industry (SCCCI). Many of the SCCCI’s council members and members belong to family businesses. In this context, the SCCCI and PwC are signing an MOU to collaborate on an in-depth study into the key issues and challenges relating to family businesses.
Family businesses must adapt faster, innovate sooner and become more professional in the way they run their operations if they are to remain successful. These are just some findings of the latest PwC survey of 2,378 family business executives in more than 40 countries worldwide. The report, titled Up close and professional: the family factor, is PwC’s seventh survey of family businesses globally.