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Family offices accelerate investments in startups

PwC survey featuring Vietnamese family businesses in COVID times

PwC survey featuring Vietnamese family businesses in COVID times 10:31 | 24/04/2021 The first report on family businesses in Vietnam by PwC has uncovered how these businesses are navigating the changing business and social environments. According to PwC s Family Business Survey 2021 – Vietnam Report, 65 per cent of surveyed Vietnamese family businesses predict growth in 2021. The view for 2022 is more positive, with three out of four respondents saying that they are optimistic about growth, and 33 per cent anticipating that the growth will be “quick” and “aggressive” – higher than the regional and global responses, which stand at 28 and 21 per cent, respectively. In keeping with such growth aspirations, the findings also reveal that business expansion and technology adoption are the key priorities. 55 per cent of the respondents confirmed a focus on bringing new products and services to the market, with 52 per

African family firms must act now to secure their future

Apr 23, 2021 Africa’s family business leaders are optimistic and ambitious about their growth and economic recovery for 2022. Although the overall outlook for family businesses is positive, business owners will need to address the challenges and opportunities that come with digital transformation, family governance and succession planning as well as addressing sustainable business practices. These are some of the key highlights from PwC Africa’s Family Business Survey 2021 released today. The majority (89%) of African family businesses anticipate a return to pre-pandemic growth rates by 2022 – this level of optimism is impressive given that no rollout of Covid-19 vaccines had been approved when the survey was conducted.

Family businesses risk missing the mark on ESG - PwC Family business survey

Family businesses risk missing the mark on ESG - PwC Family business survey LONDON, Feb. 16, 2021 /PRNewswire/ In a year where business has had to transform the way it meets the needs of society and the environment, family owned businesses risk falling behind, according to a new global survey of 2,801 family business owners. While more than half (55%) of respondents saw the potential for their business to lead on sustainability, only 37% have a defined strategy in place. European and American businesses are lagging their Asian counterparts in their commitment to prioritising sustainability in their strategy. 79% of respondents in mainland China and 78% in Japan reported putting sustainability at the heart of everything we do compared to 23% of US and 39% in the UK. Larger businesses and those owned by later generations also buck the trend, with greater focus on sustainability.

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