A new report from Barclays Wealth and the Economist Intelligence Unit (EIU) has singled out family businesses as being particularly well placed to ride out the economic downturn through a combination of a taking a long-term approach, adversity to risk, lower financial leverage and closely knitted management teams.
A new report from Barclays Wealth and the Economist Intelligence Unit (EIU) has singled out family businesses as being particularly well placed to ride out the economic downturn through a combination of a taking a long-term approach, adversity to risk, lower financial leverage and closely knitted management teams.
The report, ‘Family Business: In Safe Hands?’ says that with the number of companies filing for administration up by 124 percent in the final three months of 2009, firms could improve their chances of survival by adopting elements of the family business model and its values, especially by emphasising the importance of “emotional ownership” .
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