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Topics: Business enterprise, General

GenAI holds promise for family business, but critical gaps remain: PwC’s Global NextGen Survey 2024 - Asia Pacific Highlights

GenAI holds promise for family business, but critical gaps remain: PwC’s Global NextGen Survey 2024 - Asia Pacific Highlights

73% of NextGen in Asia Pacific believe that generative AI (GenAI) is a powerful force for transformation, but many question the ability of their family business to capitalise on it Only 8% of family business in Asia Pacific have adopted GenAI, while 56% have yet to explore the technology A mere 9% of Asia Pacific family businesses have established protocols on the responsible use of emerging tec

COVID-19 proves to be double-edged sword for family businesses in Asia Pacific and Asean: PwC

COVID-19 proves to be double-edged sword for family businesses in Asia Pacific and Asean: PwC

PwC’s NextGen Survey 2022 Asia Pacific and ASEAN highlights
43% of the next generation of family business leaders surveyed in Asia Pacific are more committed to their business than before the pandemic 67% recognise that their business has a responsibility to fight climate change and its related consequences Only 12% say they emphasise cyber security and privacy as a priority for their family b

Translating sustainability and climate commitments into action: PwC and NUS Asia Pacific sustainability reporting study reveals what’s next for businesses

Translating sustainability and climate commitments into action: PwC and NUS Asia Pacific sustainability reporting study reveals what’s next for businesses

84% of companies reported climate change as a sustainability issue, but less than half demonstrated integrating climate risks and measures in their operations Disclosures on sustainability training and the linkage of the environment, social and corporate governance (ESG) performance to leaders’ remuneration can be improved Significant opportunities remain for companies to build greater trust with

How to build a lasting competitive advantage through your values and purpose in a digital age

Strong desire for family businesses to grow and ‘keep it in the family’, finds PwC survey

• Singapore's family owners have a strong desire to keep leadership and decision-making within the family, with 68% of respondents (vs 67% in Asia pacific and 65% globally) now having a next gen in the business • Despite this only 8% surveyed in Singapore (vs 12% in Asia Pacific and 15% globally) have a succession plan, a decline from 2016 figures of 10% (vs 13% in Asia Pacific and 15% globally)

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