Succession planning is vital for Malaysian family-run companies. [Newspaper] (2019)
Abstract
KUALA LUMPUR (March 15): With 96% of Malaysian family businesses showing strong optimism to grow their business in the next five years as shown from the outcome of a survey, having a succession plan is critical to extend the business’ lifespan and to ensure sustainable growth. Having said that, a recent survey prepared by The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) in collaboration with PricewaterhouseCoopers (PwC) Malaysia showed that only 13% of Malaysia’s family-run businesses have a robust and documented succession plan set in place. The bulk, or 46% of Malaysian family businesses that participated in the poll did not have a succession plan, and some even cited that having succession planning was not their priority at present.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Business strategy, Malaysian Business, Ownership, Succession planning, Human Resource Planning |
| Taxonomy: | By Subject > Business & Management > Human Resource By Subject > Business & Management > Management |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Normah Sadaiee |
| Date Deposited: | 29 Jun 2021 07:03 |
| Last Modified: | 29 Jun 2021 07:03 |
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