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In harmony

because of

In harmony: family

Carrie Hall
EY Americas Family

Joe Astrachan, PhD

cohesion in family business
business success —
Joe Astrachan,
Professor of Management
and Entrepreneurship,
Kennesaw State University

Figure 1: For each of the following advisors, please rate the degree of trust you have in them.

6%
5%

25%

5%

62%

6%

75%

6%
5%
9%
9%

7%
Key:

27%

66%

Figure 2: Please rate the extent to which you agree or disagree with each of the following
statements. Members of this family ...

2%

2%

2%

26%

2%

66%

22%

76%

26%

55%

2%

Key:

77%

Figure 3: About what is your ROE?

7%
<5%

<5%

9%

+

+

+

+

+

Sustainability and branding cultivate cohesion



Care for the future and the family will care for the present

Figure 6: Please rate the extent to which you agree (or disagree) with each of the following

77%

55%

22%

67%

25%

27%

Key:

72%

Financial Times
2

such as an emphasis

of confidence

performance and
Carrie Hall, EY Americas
Family Business Leader

Financial Times

Doing Well by Doing Good

a family business

76%
as a family company

Figure 7: Do you refer to the fact that you are a family company in your corporate
communications (e.g., your advertising, website, social media, press releases, etc.)?

25%

25%

Figure 8: Why do you promote your family as part of your branding efforts?
27%
6%
9%

26%
27%

5%
6%
7%

Key:

5

Family owned and proud of it

family

6

7

Figure 9: What generation are you?

2%
%

%
%

Harvard Business Review

Securing the future

succession failure
Figure 10: How long do you require family
members to work outside the business
before joining the family business?*

Figure 11: Who has primary responsibility
for succession planning?

undefined family

9%

22%

75%

Peter Englisch, EY Global &
EMEIA Family Business Leader

Figure 12: How important are the following in educating and preparing the younger generation
to join your family business?

5%

55%

6%

59%

Key:

Stay connected with us for updates at ey.com/familybusiness.

EY Family Business Center of Excellence

Global & EMEIA
Family Business
Leader

Americas Family
Business Leader

Business Leader

Kennesaw State University
Coles College of Business
Cox Family Enterprise Center

Wells Fargo Eminent Scholar
Chair of Family Business

Academic Director, KSU DBA
Program

EY