A number of us will say that family controlled businesses are not good for the company and for the betterment of the organisation, it should be handed to professionals.
However we present below a report from Swiss lender Credit Suisse which suggests that India leads the list of the Asian countries where family businesses have delivered higher returns in the past decade among the 10 leading economies and this return is whopping 261 percent cumulative return in the past 10 years to the Asian economies, outperforming local benchmarks in seven out of the 10 markets studied in the continent.
Credit Suisse Research Report
An important point which has emerged is that most Asian countries preferred to be in the traditional sectors while India was one of the three countries that witnessed higher concentration of technology-related family businesses due to the technology-driven industrial structure in these economies.“India has the highest percentage of family businesses in Asia with as many as 67 per cent the highest in 10 Asian countries that were surveyed,” says the Asian Family Businesses report released by Credit Suisse here today.
So all those advocating running companies by professionals may have second thoughts after reading above research report.
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