Wednesday, July 10, 2013

Why You Should Investigate An Entreprises Familiales

By Don Zerna


The globally recognized institution KPMG has paid increased attention to the support of family business and its growth in industry. These particular enterprises are important in the maintenance of a thriving economic state as it assists in essential job creation and financial gains. The focus is on the entreprises familiales as a future development in Europe where particular guidance and successes can be achieved.

KPMG has identified the Issues of Ownership that often arises in many family owned businesses. These matters often lead to conflict and challenges that could negatively impact the company. The professional approach believes that the family aspect on the management of businesses is an important one and requires support to remain competitive for future generations.

There are 7 performance areas that need to be covered including governance, succession, management practice, philanthropy, exit strategies, wealth, growth and assurance. Companies are advised to draw on specific resources when it comes to decision making as each of these aspects will be impacted. When it comes to families in businesses, it is necessary to maintain suitable procedures for successful results.

All companies are encouraged to investigate the provided case studies that indicate the problems similar businesses have had to overcome. According to the Issues of Ownership, such measures can assist in identifying with an enterprise and understand the challenges that are faced. Every difficulty may be investigated according to the 7 key areas for enhancements in industry.

The European family businesses have recently announced its collaboration with KPMG including long term ownership, small, medium, and large firms. These companies contribute to over 9 percent of GDP and generates up to 5 million jobs and up to 60 percent of the organizations within Europe of varying sizes and industries. Due to the importance of such firms in contributing to the European economy, it is important that specific needs are met.

All companies are provided the necessary levels of support for future economical development. A large number of policies and procedures have been created to provide businesses owned by families with the resources to improve upon processes and applications in industry. Areas of development include social recognition, entrepreneurship, and next generation ownership.

KPMG offers a greater level of support and specific services for entreprises familiales to obtain growth and success. Organizations will be provided the necessary guidance to ensure that professionally based managed practices are initiated and maintained. These measures can assist a family business for all sized companies and industries to prevent against the problems encountered when such firms face difficulties.




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