Family businesses contribute the majority to the success of Thailand’s economy, accounting for more than 80% of the country’s GDP across various sectors.
However, sustaining these businesses has been a challenge. Research has shown that over 70% of these businesses fail to successfully pass down to a second generation, and 90% fail to pass down to a third generation. Changing consumer behavior and industry disruptions have led to an increase in tasks to address these changes.
Japan has a substantial amount of long-lasting and sustainable family businesses, amounting to over 3,000 companies that have successfully maintained operations for more than 200 years.
LiB Consulting provides a range of services from establishing a strong business foundation, to overcoming expected and unexpected challenges, to helping you in the execution of strategies to maintain and increase business prosperity in the long run.
Our team has the right experience to help family businesses grow, and we understand the importance of strategic plans that move businesses forward.
LiB Consulting services provide growth strategies that help businesses survive in red ocean business environments and properly plan for the next generation.
Our strategy consulting covers many areas such as growth strategy, domestic business strategy, international business expansion, and others, aimed at ensuring the prosperity of the organization.
Establishing a strong foundation for survival and sustainability in organizations is crucial for moving forward and passing it on to the next generation.
LiB Consulting provides consulting services to enhance and unite organizations.
The project scope ranges from creating and strengthening the mission, vision, and values (MVV) to evaluation systems, succession plans, business reformation, and new business developments.
Family businesses may require a complete transformation to survive or become leaders in the industry.
However, doing so requires expertise in the relevant fields to get everything in shape.
LiB Consulting provides business insights with a synergized on-site management perspective. We provide services that include due diligence and post-major integration (PMI) to smoothen the transformation of the company.
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