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Tag: NEXTGEN

PwC recommends NEXTGEN for family business sustainability

PwC recommends NEXTGEN for family business sustainability

Business
To protect the family business legacies, PwC has recommended the adoption of the next generation (NEXTGEN), saying families are upskilling the younger generation to institutionalise their organisations. This was contained in PwC’s 10th global bi-annual survey of family businesses, which revealed the current thinking and outlook of 2801 family business leaders across 87 territories including Nigeria. PwC noted that the NextGen are the ones to bring in a more evidence-based approach both for the business and philanthropy as well as leverage technology and digital trends, saying the time to act is now if family businesses would keep their legacy for future generations.  It noted that family businesses were essential to the success of the global economy, responsible for half of the glo...

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