Family businesses form a major part of the economy. Hidden away, without a stock exchange listing and out of sight of the media, they have often established internationally operating enterprises. Almost half the total number of businesses with more than 100 employees, and more than a quarter of businesses with more than 200 employees, are family-run.
Thanks to their stable corporate culture, short lines of communication, long-term strategies and decisiveness, family businesses are often quickly able to anticipate changes in the market. Research has also shown that family businesses are more positive regarding the economic situation than they were several years ago. They are concerned, among other things, about the constant introduction of new laws and regulations and compliance with these. Business succession is one of the typical challenges facing management boards of family businesses.