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Singapore family businesses tech savvy and bullish about future
- Friday | 8th March, 2019
In addition, almost all Singapore family businesses (95%) have well-defined succession plans in place. Singapore family businesses, traditionally perceived as resistant to change, are embracing emerging technologies for business success. The regional multi-country study, ‘Planning for prosperity: assessing family business future-readiness in South and South-east Asia’, assessed and benchmarked the readiness of family businesses to meet future challenges. A new study by The Economist Intelligence Unit, sponsored by SAP, found that Singapore family businesses are ready to utilize emerging technologies to drive business success. “Family businesses are trusted, home-grown enterprises that form an important part of the bedrock of Singapore’s private sector, and their optimistic outlook towards the future bodes well for the economy,” said Michael Gold, EIU editor of the report.
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