While these can be considered a form of family business, there is much more to the notion of family business. But little do people know that many big corporations and conglomerates around the world are often family businesses. Therefore, when there are offspring involved in the family business, we would identify the family business as a generational family business, because the succession process has begun with the incumbent’s intention to have a successor. Legacy planning and succession strategies have always been the boon or bane of family businesses. Taylor’s Business School is the leading private business school in Malaysia, based on the QS Subject Ranking 2021 edition.

Source: The Edge Markets August 05, 2021 04:47 UTC