The latest study from KPMG revealed strong entrepreneurial drive, a high level of socioemotional wealth and motivational leadership styles are key to the sustained performance of family businesses in Malaysia.
Tai Lai Kok, KPMG Private Enterprise’s Family Business and Tax Leader, says leadership styles should not be overlooked as a critical factor affecting the performance of family businesses. “In a post-COVID landscape devoid of predictability, fueling the regenerative power of family businesses will require more transformational leadership to ensure that family businesses continue to evolve successfully and at speed,” he advised.
Explore in greater detail the three contributing factors for family businesses’ resilience via The Sun and Focus Malaysia
