Family enterprises expect a turbulent decade ahead, with digitalisation and globalisation most likley to drive change, research from Citi Private Bank and the Cambridge Institute for Family Enterprise (CIFE) has found.
The research surveyed first-generation businesses to multi-generational, multi-billion dollar, and multi-national enterprises worldwide.
Citi and CIFE described turbulence as a variety of fast and disruptive changes to the industry. These included: ecological and...