Whether emerging from a global pandemic or navigating the accelerating pace of change, family businesses are rich in the qualities that help companies thrive in times of upheaval. The current drivers of change in family companies are structural, cultural and generational, all complicated by the impact of the COVID-19 global pandemic. Even so, family businesses stand ready to thrive in an unpredictable world.
That’s excellent news, considering the economic impact of family businesses. According to Tharawat Magazine, family businesses generate 70-90% of global GDP annually. Ernst and Young reports the largest 500 family businesses constitute the third largest economic contribution in the world by revenue (after the US and China) and employ 24.1 million people worldwide.
Since 1959, the Association of Executive Search and Leadership Consultants (AESC) has set the quality standard for the executive search and leadership consulting profession. Its members are the leaders in executive talent and leadership advisory solutions. AESC facilitates diverse and innovative thinking in global leadership. World-class executive search and leadership consulting firms join AESC to demonstrate their deep commitment to the quality standard AESC represents and to shape the future of the profession. Business leaders worldwide retain AESC members as trusted advisors to minimize risk and gain competitive advantage in their industries.
The BlueSteps Career Management Blog is written with a C-level audience in mind on career management topics ranging from executive compensation, executive resumes, and interview tips to networking, executive job search, and gaining visibility as a professional in one’s industry. The BlueSteps Executive Search Blog links senior executive candidates to actual retained search recruitment insights from AESC member executive recruiters, BlueSteps career advisors and other guest writers.