Family Owned Business Survey 2020

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Family

1. Which generation is handling business?


2. From which generation we are conducting interview?


3. How you define family success?


4. What are your family objectives of business?


5. From below mentioned list, select statement(s) with which you are agree:


6. What is the impact of family values on the following?


7. How the next generation family members are inducted in the business?

Business

8. What is structure of your business?


9. In which sector your core business is mostly involved?


10. What is the size of your business in terms of annual turnover?


11. How many employees do you have?


12. As the family Business evolves over time, the board’s skills and experience required to run the Business are likely to change. Which areas of the board do you think family business struggle the most?


13. What are your top Business objectives?


14. How you see your Business in 2030?

Characteristics of family businesses

15. Is your CEO: (please complete all rows):

  • Male
  • A Non-family member
  • Under the age of 50
  • Planning to step down in next five years

16. Is your Chairman: (please complete all rows) :

  • Male
  • A Non-family member
  • Under the age of 60
  • Planning to step down in next five years

Technology

17. Which generation has implemented technological changes in business?


18. In which of the following technologies do you think your business could make an investment in forthcoming years?


19. What was priority area for technology implementation?


20. In case of technologyimplementation do you think that technology has impacted your business in any way:


21. What will be impact of evolving technology on your business in next 10 years?

Governance and business practices

22. What kind of governance structure do you have?


23. Do you have non-family members on the board? If yes select appropriate option?


24. Are you running multi family owned business?


25. Do you have any female on the Board?


26. What practices do you follow?


27. Do you hold family meetings?


28. From the following list select all committees you have formed?


29. Does your company has an internal audit function?


30. What are your expectations from CFO?


31. How you define successful governance? A governance structure in which:

Conflict and resolving conflict

32. Which of the following policies do you have to avoid conflicts?


33. What are main sources of conflict in your business?

Growth and Business performance

34. How did your company perform over the last financial year in terms of revenue growth compared to the previous year?


35. What have you done during last 3 years to improve the performance of your Business?


36. Which of the following best describe your aims for growth over next 3 years?


37. How diversified your business will be in next 10 years?


38. What is your business growth focus in coming year?


39. Which of the following are most likely to affect future growth?


40. Which factors do you consider as the most important for the continued success of your company?


41. What is your strategy for future growth:

Challenges of Business

42. From the following list select all options, which you consider as a challenge for running a business?


43. What challenges you foresee in next 10 years?


44. What is your readiness to meet next decade Business challenges?

Succession

45. How important is it for you to transfer the business to next generation?


46. In your opinion, which of the following factors are most important for family succession?


47. Does your company have succession plan for:

  • CEO
  • CFO
  • COO
  • Company Secretary
  • Family members on Board
  • Non-family members on Board

48. Are there plans for the next generation to be involved in the business?

Recruitment and employees growth

49. Do you have a separate policy for the selection of, remuneration and promotion of family employees?


50. Do you have a separate policy for the selection of, remuneration and promotion of non-family employees?

Data Analytics

51. Are you using any tool to analyze date?


52. How important are data analytics for your business?


53. Do you have any plan for using data analytics in next five years?

Survey complete! Thank you for you time.

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