The Power Of Outside Perspective
According to the Family Firm Institute, it is estimated that around 80-90 per cent of all businesses worldwide are family-owned or controlled.
Sunday 09 April 2023 | 19:41
According to the Family Firm Institute, it is estimated that around 80-90 per cent of all businesses worldwide are family-owned or controlled.
Such businesses can range from small shops to large multinational corporations.
In a family business, the family members own a majority percentage of ownership, have voting control, and make strategic decisions.
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The largest family-owned global firms include Walmart, Volkswagen Group, Samsung Group, and Tata Group.
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Story By: Frederica Elbourne
Feedback: frederica.elbourne@fijisun.com.fj
