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Family Business Practice

Family businesses are a cornerstone of the Middle East’s economies. Accounting for a major portion of the region’s private sector GDP, they play a central role in key sectors such as banking, construction, manufacturing and retail. As part of our global Private Equity and Principal Investors Practice, McKinsey has served more than 20 of the largest family groups in the Middle East—and 280 of the 500 largest family businesses worldwide—helping them shape and execute bold growth strategies, accelerate performance improvement, and build capabilities.

McKinsey brings unrivaled global and regional experience that helps family businesses navigate through three major discontinuities:

  • The rapid growth of the markets in which they operate
  • A much more open market with heightened competition and widespread entry of multinational players
  • A generational transition

Our client work is underpinned by the world’s most extensive research effort on family business, which compares the financial performance of over 20,000 companies and provides insight into the actual drivers of family groups’ performance—as well as “best practice options” for their growth.

We invest heavily in building our clients’ capabilities and deepening their networks with other family groups. Our client learning programs include the Bower Forum that regularly brings together CEOs, Chairmen and other senior leaders to share perspectives, and our year-long Next Generation Development Programme offers young family members career counseling and individual coaching. We also offer topical training on corporate finance, active ownership, financial investing, communication and other key themes.

Related Insight

Article

Fine-tuning family businesses for a new era

– Family businesses were the particular beneficiaries of three decades of favorable global economics. Now operating a la familia should prompt soul-searching about how they manage their unique strengths.

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