Family businesses are central to Asia's vibrant economy, with 85% of companies in the Asia-Pacific region being family-owned. However, as these post-World War Two businesses navigate the challenges of second or third-generation leadership, their long-term success is not guaranteed. This is where the accumulated wisdom and success stories of local entrepreneurs can be invaluable, offering critical insights to inspire and guide current and future family business leaders.

This article is featured in Special Feature: Nurturing Tomorrow's Innovators

This article is featured in Special Feature: Nurturing Tomorrow's Innovators

From telemedicine booming through the COVID-19 era, the rise in wearable devices to the latest advances in artificial intelligence and big data analytics: digital applications have the potential to unlock immense opportunities for public and private organisations in the realm of healthcare. And startups are well placed to take advantage of such nascent technologies and opportunities.

Innovation is the key to sustained economic prosperity. Beyond the production of greater output and higher productivity levels, innovation can also lead to a higher quality of living (through wage increase, and job satisfaction levels) as well as social benefits such as inclusion.  However, the journey towards innovation-based growth is not an easy one and countries today are facing the extra hurdle of overcoming the challenges caused by the global pandemic, rising inflation rates and climate change.