KPMG Says Hungarian Family Ventures Optimistic

  • 6 Jan 2014 4:00 AM
KPMG Says Hungarian Family Ventures Optimistic
Family businesses in Europe, including in Hungary, have an optimistic outlook for the future, planning new investment projects and reporting turnover staying at an unchanged level, KPMG said citing the results of a “European Family Business Barometer” report prepared jointly with the European Family Business.

Some 600 family businesses in 14 countries were interviewed in the survey. An organisational structure that enables quick decisions and a culture that has grown accustomed to accepting change, greatly help Hungarian businesses adapt to the challenges caused by the economic crisis, KPMG said.

Problems are posed by the need to involve new resources and by a total or partial lack of strategic thinking that goes beyond day-to-day operations.

The majority of family businesses, or 54% interviewed in the survey, said they had positive outlooks for the next 6-12 months.


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