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According to the Asian Institute of Management, the average life span of a family corporation is only 24 years. Only 3 out of 10 family firms survive after the first generation, while only 1 out of 10 is still around by the time the third generation comes of age.
A good number of family corporations have started to realize the impact of these facts and have made the major decision of avoiding the high probability of failure in bringing the business down to the third generation.
Famcor Franchise Management and Executive Development Corporation has made its mark as the only consulting firm specializing in CRAFTING THE STRATEGIC ROADMAP FOR THE (FAMILY) BUSINESS FOR SUCCESSION, PROFESSIONALIZATION, COMPETITIVENESS AND GOOD CORPORATE GOVERNANCE.
Below are some of our clients who have obliged to share their engagement with Famcor.