Postcards from Down Under

Most social trends that originate in America take about 18 months to migrate across the Pacific to Australia. Interest in the study of family business has taken a bit longer. Although family business is the largest single sector of the Australian economy—with three times the total assets of listed public companies—the needs of these firms have not been extensively documented until now.

A survey of 1,039 family businesses by a team at Australia's Monash University in Melbourne suggests they are more in need of help than many of their counterparts in the United States. Among the key findings:

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