Common myths have it that the generational gap in family enterprises can be huge, and the next generations perceive the world much different from the older ones. Is it true? At the Global Family Enterprise Webinar on December 9, Prof. Winnie Peng, Director of the Tanoto Center for Asian Family Business and Entrepreneurship Studies at HKUST, joined the presentation and the official release of the white paper “Family Enterprise Global Survey on Generational Perspectives”. The white paper found that current and next generation family business owners could be much aligned in their family enterprise agenda.
The joint survey study was conducted by the Tanoto Center at HKUST, the John L. Ward Center for Family Enterprises at the Kellogg School of Management, Northwestern University (USA), the Center of Family Businesses at ESE Business School, University of the Andes (Chile), ESADE (Spain), and Lansberg Gersick & Associates LLC. The study received a total of 1,318 responses based in the five main countries and other 34 regions from different continents of the world. Sponsored by Julius Baer, the publication evaluates generational differences and explores the potential variations among regions. It sheds light on how next generations impact the course of business globally as current or future owners or leaders of their companies.