PwC's 2012 Family Business Survey - "Family Firm: A resilient model for the 21st century" - has launched.
This year, 1,952 family businesses took part in the survey from over 30 countries, including, for the first time, Australia, China/Hong Kong and India. According to this year's survey, 80% of family businesses have strong and confident ambitions for growth.
Other key findings include:
- 65% have grown sales in the past year (compared to only less than half in 2010) Almost 60% say attracting the right skills/talent will be a key challenge in five years' time
- 64% think the general economic situation will be their key challenge in five years' time
- Over 60% see the need to continually innovate as the key internal challenge in five years' time
- A quarter of our respondents' sales are currently international; this will rise to 30% in five years' time