Kun Péter
Publié dans Inheritance and the family business: how to deal with inheritance when the main assets are in a family business, octobre 2023 (responsable éditoriale : Isabelle Rein-Lescastereyres, LexisNexis).
‘A man will more easily find purpose in life by working in a family business rather than in a multinational company, in which everything is focused on achieving a few percent increase in performance in the given year. A family business can better survive, since they strive for more than simple money. What is crucial is a belief in something, something one can be proud of, especially when the company bears their name. This intrinsic motivation provides an added value to the company leader and to all employees’ – Izabella Zwack – Member of the Board of Director of Zwack Unicum Nyrt, representing the 6th generation of the Zwack family.[1]
The importance of family businesses is becoming increasingly recognised worldwide. In all markets based on the freedom of trade, family businesses play a key role. Nevertheless, the evolution of family businesses cannot be set apart from the evolution of the economic, social and legal environment where the business operates. The notion of ‘family’ also varies from culture to culture and for each different time in history. The recognition of these ever changing economic, social, legal and cultural factors is essential to understand the functioning of the family businesses of a given society.