Cross-Generational Leadership in Family Business: New Study from Egon Zehnder and FBN Unveils Strategies for Success

경제뉴스
2024-10-30 15:14 PM
(이코노미아울렛-뉴스)

Egon Zehnder, the world’s preeminent leadership advisory firm, in partnership with the Family Business Network (FBN), the world’s leading family business organization, today announced the findings of their new study, “Building a Winning Cross-Generational Culture in Family Business.” The study draws on a survey of 300 family business owners, interviews with 86 family business leaders, and Egon Zehnder’s proprietary Culture Profile analysis.

“We understand family businesses—we respect their strengths, appreciate their challenges, and above all value their unique culture,” said Dominique Otten-Pappas, FBN Board Member. “This new study casts light on just how important that culture is for sustaining, and building on, a brilliant legacy.”

The results include the finding that, while 88% of business leaders agree that a strong culture is vital for ongoing success, only 39% are confident that their culture is very future-ready. To close this gap, cultural shifts must be carefully managed, especially at times of leadership transition. “Family businesses are jewels in the crown of the global economy,” Elaine Yew, Co-head of Egon Zehnder’s Global Family Business Advisory, noted. “To thrive, they must consciously manage culture change, preserving timeless values while adapting to stay relevant and modern. All generations involved need to engage equally in evolving the culture.”

Family businesses are a mainstay of economies and employment worldwide. They owe this success to a distinctive culture, one which typically values family connection, strong principles, and a long-term outlook—but a new generation of leaders may not always agree on how to implement this vision. This report lays out a model for managing culture shifts and achieving successful cross-generational transition. “Leadership succession can be stressful for any company—particularly so where family and business are intimately entwined,” said Alexis du Roy de Blicquy, CEO of FBN. “We’re proud to unveil a roadmap for family businesses embarking on a path of culture change and look forward to supporting them on this journey.”

Key Findings from the Study:

· While family business owners surveyed overwhelmingly (88%) recognize the importance of a strong business culture for the future, a minority (only 39%) feel that their company culture is currently future-ready. This points to the need for managed culture change.
· There is a remarkable level of cross-generational agreement on fundamental values. Yet differences exist, often over approach rather than core principles, and may cause friction. As a new leadership cohort steps in, there is more than ever a need for communication and cultural alignment.
· We see three distinct modes of cross-generational leadership. In the first, the two generations may share a cultural core—but there is little communication and collaboration. In the second, generational approaches are integrated into a unified roadmap. And in the third, the upcoming cohort takes the lead as supportive prior leaders step back. Ideally, a business will progress through these three modes to achieve increasingly successful transitions.
· A successful culture shift must be consciously and actively managed. The study outlines best-practice enablers of this process, as well as clear action steps to advance from mode to mode in a managed and deliberate way.

“With years of experience advising family businesses, we know that farsighted leaders have a long-term view that embraces the next generation,” said Michael Meier, Co-head of Egon Zehnder’s Global Family Business Advisory. “This new study provides the tools to sustain that vision far into the future.”

For more insights on “Building a Winning Cross-Generational Culture in Family Business,” visit the report.

Survey Sample Size

· 300 participants
· 166 family businesses
· 35 countries across the globe
· Additional interviews with 86 family business owners from 39 businesses
· 75% of survey participants are decision-makers or strong influencers

About Egon Zehnder

Egon Zehnder is the world’s preeminent leadership advisory firm, inspiring leaders to navigate complex questions with human answers. We help organizations get to the heart of their leadership challenges and offer honest feedback and insights to help leaders realize their true being and purpose.

We are built on a foundation that supports partnership in the truest sense of the word and aligns our interests with the interests of our clients. Our 600 consultants across 66 offices and 36 countries are former industry and functional leaders who collaborate seamlessly to deliver the full power of the Firm to every client, every time. We believe that together we can transform people, organizations and the world through leadership.

For more, please visit https://www.egonzehnder.com/.

About FBN

FBN (Family Business Network) is a global not-for-profit membership organization headquartered in Switzerland, comprising 33 member associations spanning 65 countries on 5 continents, 4,500 business families, and 22,000 individual members. For over 35 years, FBN has helped enterprising families grow, succeed, and prosper through the exchange of best practices and innovative ideas.

By families for families, FBN provides a unique environment where business families can learn from each other. As a global community, we welcome all business family members and their diverse needs, interests, and roles, including Next Generations, Now Generations, Entrepreneurs, Large Families, Family Office, and Impact.

For more, please visit www.fbn-i.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241029258415/en/

Website: http://www.egonzehnder.com

... More

함께 보면 좋은 콘텐츠

All posts
경제뉴스 2024-07-17 06:00 AM

산업부-KOTRA, 중동부 유럽 K-방산 수출 판로 넓힌다

(이코노미아울렛-뉴스)산업통상자원부(장관 안덕근)와 KOTRA(사장 유정열)는 K-방산의 중동부 유럽 수출 확대를 위해 10월 16일부터 사흘간 체코 프라하에서 열리는 ‘체코 방산보안 전시회(Future Forces)’에서 홍보관을 운영한다. 참가를 희망하는 기업은 7월 24일까지 KOTRA 홈페이지(www.kotra.or.kr)를 통해 신청...

경제뉴스 2024-06-28 08:49 AM

투썸플레이스, 여름 시즌 한정 복숭아 디저트&음료 론칭

(이코노미아울렛-뉴스)프리미엄 디저트 카페 투썸플레이스(대표이사 문영주)가 본격적인 더위를 맞아 여름 대표 과일 복숭아를 활용한 ‘복숭아 생크림 케이크’ 2종과 ‘그릭 요거트 피치 프라페’ 음료를 출시한다고 밝혔다. ...

경제뉴스 2024-07-08 16:06 PM

iM뱅크, 동원금속 2024 지속가능경영보고서 발간 지원

(이코노미아울렛-뉴스)iM뱅크(은행장 황병우)는 지역 기업과의 경영활동을 다각도로 지원하기 위한 방안으로 지역 기업 동원금속(대표이사 이은우) 첫 지속가능경영보고서 발간 지원을 진행했다고 밝혔다. 동원금속은 1971년 설립된 이래 우수한 연구개발 역량과 생산 기술을 바탕으로 도어 프레임,...

경제뉴스 2024-07-16 07:50 AM

미니쉬테크놀로지 2세대 미니쉬 블록 양산·글로벌 진출, 독일 비타와 협력

(이코노미아울렛-뉴스)미니쉬테크놀로지는 독일 비타 잔페브릭과 2세대 미니쉬 전용 블록 양산을 위한 협력을 강화하기로 했다. 라우터 비타 회장(가운데)과 강정호 미니쉬테크놀로지 대표(오른쪽 두 번째)가 기념 촬영을 하고 ...

경제뉴스 2024-08-12 10:44 AM

한백정밀, 2024 차세대 반도체 패키징 산업전 참가… 첨단 기술력 선보인다

(이코노미아울렛-뉴스)반도체 패키징 솔루션 분야의 선도 기업인 한백정밀이 오는 8월 28일부터 30일까지 열리는 차세대 반도체 패키징 산업전 2024에 참가한다고 발표했다. 이번 전시회에서 한백정밀은 첨단 반도체 패키징 기술과 혁신적인 제품들을 대거 선보이며, 업계 내 입지를 더욱 확고히 할 계획...

경제뉴스 2024-08-07 12:00 PM

Exyte Selects LTIMindtree as its Global IT Service Provider

(이코노미아울렛-뉴스)LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has announced that it has been selected as a global digital service provider by Exyte, a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. Under the agreement, LTIMindtree will deliver comprehensiv...

경제뉴스 2024-07-11 09:00 AM

삼성, 미국 가전제품 시장 디지털 광고에서 선두를 달리며 스마트폰 시장 점유율 4% 증가… 레노버, 광고 지출 66% 증가하며 미국 폴더블폰 시장 점유율 1위

(이코노미아울렛-뉴스)글로벌 모바일 시장 데이터 분석 기업 센서타워(Sensor Tower)가 2024년 미국 시장에서 주요 아시아 태평양 전자제품 브랜드의 디지털 광고 지출과 노출 수, ‘삼성(Samsung)’, ‘레노버(Lenovo)’, ‘앤커 테크놀로지(Anker Technology)’ 등 주요 가전 브랜드가 미국 시장에서 지출하는 광고비 ...

경제뉴스 2024-08-22 15:55 PM

Impress Global Markets with Innovations Featured at CHTF2024

(이코노미아울렛-뉴스)The 26th China Hi-Tech Fair (CHTF2024) will take place on November 14-16 in Shenzhen. Under the theme “Technology Leads Development, Industry Integrates Fusion,” CHTF2024 promises to be the most influential edition by bringing true innovations into spotlight. Covering 400,000m2, CHTF2024 will highlight innovations in AI, robotics, equipment manufacturing, e...

경제뉴스 2024-07-19 16:50 PM

LTI마인드트리, 압사 은행의 혁신 여정에서 전략적 기술 파트너십 재확인

(이코노미아울렛-뉴스)글로벌 기술 컨설팅 및 디지털 솔루션 회사인 LTI마인드트리(LTIMindtree)[인도국립증권거래소: LTIM, 봄베이증권거래소: 540005]는 아프리카의 선도적인 금융 서비스 그룹인 압사 은행(Absa Bank)과 수백만 달러 규모의 계약을 연장한다고 오늘 발표했다. 이로써 LTI마인드트리는 압사 은행...

경제뉴스 2024-07-25 18:00 PM

씨푸드 엑스포 아시아 ‘2024 콘퍼런스 프로그램’ 공개

(이코노미아울렛-뉴스)다이버시파이드 커뮤니케이션즈(Diversified Communications)가 씨푸드 엑스포 아시아 ‘2024 콘퍼런스 프로그램’을 공개했다. 다이버시파이드 커뮤니케이션즈가 주최하는 ‘씨푸드 엑스포 아시아(Seafood Expo Asia)’에서는 수산물 전문가들이 아시아 수산물 산업과 관련해 시의적절한 주...

경제뉴스 2024-07-31 14:55 PM

iM뱅크-중소벤처기업진흥공단 ‘중소기업 ESG경영지원 업무협약’ 체결

(이코노미아울렛-뉴스)iM뱅크(아이엠뱅크, 은행장 황병우)는 31일(수) 대구 수성동 본점에서 중소벤처기업진흥공단(이사장 강석진, 이하 중진공)과 ‘중소기업 ESG경영지원을 위한 업무협약’을 체결했다고 밝혔다. iM뱅크와 중진공 양 기관은 이번 협약을 통해 ESG경영 실천 우수기업 금융 인센티브 ...

경제뉴스 2024-08-02 11:20 AM

Point2Web Collaborates with NewsBreak to Extend Advertising Reach for Clients

(이코노미아울렛-뉴스)Point2Web, your ultimate marketing powerhouse in creative, advertising, and performance marketing, is thrilled to announce its appointment as the first Agency Sales Partner in Europe for NewsBreak, America's leading platform for local news and information, with over 40 million monthly active users. Together, Point2Web and NewsBreak are poised to deliver ex...

Top