Abstract

Many family businesses are continuing to successfully  navigate the challenges of the pandemic, while also embracing new challenges and opportunities to take  their businesses in bold new directions. They are keeping their founder’s entrepreneurial spirit alive. And they are developing new capabilities to continuously create value and maintain a sustainable competitive advantage from generation to generation.

The STEP Project Global Consortium and KPMG Private Enterprise came to together to explore the reasons behind this “regenerative superpower” of family businesses, with data collected from 2,439 family business leaders in an in-depth survey conducted in 70 countries between September and November 2021.