How Family Businesses in Asia Are Adapting to a Changing World

Family-owned enterprises are the cornerstone of Asia’s economy, contributing roughly 70 percent of GDP and employing over 60 percent of the workforce in some markets. Much more than just commercial entities, these firms are deeply embedded into the social fabric and are typically driven by long-term vision and entrepreneurial stewardship.In this edition of “The INSEAD Perspective: Spotlight on Asia” podcast series, Sameer Hasija, Dean of Asia at INSEAD, asks Bala Vissa, Professor of Entrepreneurship and Family Enterprise, for his thoughts on the status of family businesses in the region, the challenges that are currently reshaping their future and how family offices may be one solution to navigating these complexities. From bridging the success gap to tackling the rise of AI and ongoing digital transformation this wide- ranging conversation also explores how INSEAD is playing an important role in tackling this period of disruption and helping family businesses see it as an opportunity. Through workshops and programmes, INSEAD is connecting family firms to private equity and allowing both sides to better understand how they can work together to foster resilient growth and long-term success in today's rapidly changing global environment.