According to KPMG, family companies that are also open to the outside are more successful
Involvement of experts, diversification, digitalization, sustainability, future orientation – these are the main success criteria for family-owned small and medium-sized enterprises, according to recent research by KPMG. With a sustainable and future-oriented way of thinking, the risks that may arise in the life of the company can be reduced, which significantly contributes to the company’s stable operation and economic growth. According to KPMG experts, increasing corporate efficiency can be achieved with a responsible way of thinking and the appropriate use of available resources.
Sustainability is gaining more and more emphasis in business life, among customers and employees, both in the international and domestic environments. KPMG examined the success criteria and the correlations in two researches. In one of his international researches, he explored the relationships between the success of almost 2,500 family businesses and their approach to sustainability, while in the other, he scrutinized the relationship between the structure, composition and working conditions of family businesses.
Of course, the success factors can depend on many factors and are somewhat unique for each company, but there are size-specific findings and correlations that can help small and medium-sized enterprises, regardless of sector, to be able to carry out their activities effectively in the long term.
Related news
Consumer confidence in branded products is growing again in Germany
The popularity of private label products has somewhat waned and…
Read more >Sándor Demján Program – Is it really effective support for the SME sector or a state crutch?
Hungarian small and medium-sized enterprises (SMEs) play a significant role…
Read more >KPMG says energy sector remains optimistic about economic growth
Geopolitics was the biggest challenge facing the energy sector last…
Read more >Related news
Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Margin freeze in Hungary: Who is affected and is government intervention really justified?
The Hungarian government will introduce a margin restriction on certain…
Read more >China’s retail sales skyrocket in the first two months of the year
China’s industrial output grew 5.9 percent year-on-year in the first…
Read more >