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Jakarta Post

Heirs to Indonesian tycoons 'want more trust' in managing family ventures

  • Rizki Fachriansyah

    The Jakarta Post

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Jakarta   /   Mon, February 3, 2020   /  10:43 am
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Working with a view at Greenhouse.(Greenhouse/File)

A new generation of industry players have emerged at the forefront of a changing business landscape, bracing themselves for further disruptions that could either make or break their enterprises in the 2020s and beyond. This is especially true for inheritors of family-run companies, with many aspiring to ride the wave of digital transformation in order to maintain their firms’ relevance, as well as climb up to the executive-level positions in the next five years, according to a recent report commissioned by multinational professional service network PricewaterhouseCoopers (PwC). According to the PwC 2019 Global NextGen Survey, which was conducted in 69 territories across five continents and in 11 industries, a majority of its so-called next-generation respondents are already actively engaged in their family enterprises – 48 percent of whom said they had already run signi...