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The Economic Times

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Family-run businesses to give way to professional management by 2035: KPMG

Family businesses will see a significant drop in direct family management by 2035. More companies are now turning to professional managers for operations. This shift involves clearer roles for all executives and defined decision-making powers. Attracting external talent is identified as a major challenge for these businesses. Younger family members will drive innovation and business growth initiatives.

16 Sep 2026 7:51 pm