Family business as an engine for responsible growth
The resilience of family businesses, still accounting for over 60% of Italy’s medium-sized and large firms, has been reaffirmed throughout the crisis. However, the protracted recessionary environment and credit crunch, in conjunction with ongoing succession processes, is forcing many of them to fundamentally rethink their business models, financial and ownership structures in order to return to a growth path – or otherwise succumb to the fierce global competition.