Family businesses secure 80% of the employment opportunities in Lebanon and yet do not benefit from state support

Daily Star newspaper published a report last Wednesday on family businesses in Lebanon.  The report notes that despite the state failure in supporting the private sector in Lebanon, family businesses have distinguished themselves with significant success especially that they have become the key providers of employment opportunities in Lebanon and the region.  Indeed, and according to the President of the Family Businesses Institute at the LAU, Josiane Sreih, 80% of employment opportunities in Lebanon are provided by family businesses.  Sreih further added that these businesses face several challenges namely the absence of state support, choosing an appropriate leader who, according to her, should not be from the family itself, and developing its capacity to be abreast of developments and innovation.
(Source: Daily Star 31 December 2014)