Thai family businesses must evolve beyond legacy, using clear governance, succession planning and innovation to bridge generations and ensure lasting growthWithout clear structure, governance and a forward-looking strategy, even the most successful family businesses risk fading across generations. "Many businesses fail not because of the market, but because they fail to transition across generations," Mr Kitipong warned. BEYOND INHERITANCEFor Tipa Nawawattanasub, chief executive of YLG Bullion and Futures, the next generation of family businesses must transform. Family businesses that professionalise, innovate and plan for succession will not only endure, they will lead, he noted. The question is whether they are ready to act before the transition becomes a crisis, said Mr Kitipong.

Source: Bangkok Post April 06, 2026 00:14 UTC