According to a Credit Suisse report, family-owned enterprises (FEPS) have outperformed non-family-owned businesses since 2006.
This was attributed to a number of factors. It was found that FEPS had a longer-term vision which was very crucial in enduring the tough seasons. It was also found that FEPS do not focus much on short-term performance but make decisions based on their long-term goals. Both of these are crucial to survival and performance.
