According to the 2025 Global Family Business Survey conducted jointly by KPMG Private Enterprise and the STEP Project Global Consortium (SPGC), the long-term performance and sustainability of family businesses are closely linked to their family legacy. The survey covered over 2,600 family business leaders across 80 countries, providing insights into how family values, governance structures, and transgenerational entrepreneurship impact business performance and sustainability.
| Key findings
- 45% of family-owned businesses with high legacy scores achieve high performance.
- 49% of businesses with strong transgenerational entrepreneurship also achieve high performance.
- 53% of businesses with high legacy scores excel in sustainability.
- In contrast, only 17% of businesses with low legacy scores perform well in sustainability.
The research highlights that family businesses that plan succession with a future-focused perspective, clearly define their family mission, and strengthen governance structures are more likely to achieve long-term growth and intergenerational wealth continuity. In Australia, the participation of the next generation of family members provides a critical opportunity for businesses to leverage family legacy, drive innovation, and promote sustainable development.
Conclusion: Systematic family governance and succession strategies are essential for family businesses to remain competitive and ensure the transfer of wealth and values across generations.