Report by Pricewater house Coopers (PwC), a leading financial advisory organisation, has indentified economic environment, corruption and regulation as the top challenges affecting the performances of family businesses in Nigeria. The study, however, says many of the businesses are weathering the storm owing to strong business values cultivated over the years,

The report titled PwC’s 2018 Family Business Survey was unveiled at an event attended by top business executives and regulators in Lagos on Thursday.

PwC, in the report, has urged family businesses to maximise the competitive advantage that comes from their strong values-led culture.

The survey is a global market study among key decision makers in family businesses within a number of PwC’s key territories with a view to understanding family business executives’ thoughts on key contemporary issues.

Themed ‘building a lasting competitive advantage through your values and purpose in a digital age’, this year’s edition says family business leaders reported robust performances last year, with growth hitting its highest level since 2007.

According to the well-researched document, growth among Nigerian family businesses in the year reviewed was lower than the global average. It shows that 53 per cent of the operators reported growth as against the 69 per cent global average.

However, 87 per cent of the respondents, according to the survey, expect to grow in the next two years, with 40 per cent saying that “growth will be quick and aggressive”.

A statement by the firm says: “The top three challenges cited by Nigerian family businesses as militating against the personal and business goals are economic environment (70 per cent), corruption (67 per cent) and regulation (57 per cent). Corruption, which PwC estimates could cost up to 37 per cent of Nigeria’s GDP by 2030 if unchecked, is associated with lower investment, higher prices as well as (causing) barriers of entry for businesses.

READ: https://www.trendingaccounting.com/2019/06/pwc-report-links-family-business-growth.html

Nairaland mods will just push topic to front page without even brushing their month.

my first ever FTC, I'm dedicating it the girl that broke� my heart� yesterday, the heartbreak kept me awake up till now.


I just need a hug right now.

I see

wow

what do they mean by "family business"? How many did they sample? How did they arrive at the "positive" results? I don't trust this article

This kyn early morning...
How does value help me acquire morning food?

EXLOVER:
Nairaland mods will just push topic to front page without even brushing their month.

my first ever FTC, I'm dedicating it the girl that broke� my heart� yesterday, the heartbreak kept me awake up till now.


I just need a hug right now.

I tire o baba, especially after having snake pepper soup as dinner a day before

In this case, research only confirmed what people already know

They will just pull out statistics from nowhere.

Issokay

Themed ‘building a lasting competitive advantage through your values and purpose in a digital age’, this year’s edition says family business leaders reported robust performances last year, with growth hitting its highest level since 2007.

According to the well-researched document, growth among Nigerian family businesses in the year reviewed was lower than the global average. It shows that 53 per cent of the operators reported growth as against the 69 per cent global average.

I'm confused here, two contrasting paragraph.

True

Corruption, which PwC estimates could cost up to 37 per cent of Nigeria’s GDP by 2030 if unchecked, is associated with lower investment, higher prices as well as (causing) barriers of entry for businesses.

Bad signals..

EXLOVER:
Nairaland mods will just push topic to front page without even brushing their month.

my first ever FTC, I'm dedicating it the girl that broke� my heart� yesterday, the heartbreak kept me awake up till now.


I just need a hug right now.

Huggi ko, wrap ni.

No go look for money.

Family brands can only grow when there is no conflict of interest. Many multinational brands are family businesses... lever brothers the now unilever, Johnson and Johnson, Morgan chase, two brothers started Schlumberger and many more. Why Nigerian family brands don’t last is the conflict of interest and Na me get am mentality.