Family enterprise: To infinity and beyond

Picture for a moment a Philippines without SM, Metrobank, the Aboitiz Group, and DMCI. Creating such a picture will probably take a lot more time and effort, because it is simply unimaginable to think of a Philippines without these powerful brands. You might even be thinking how crazy I am to conceive such an absurd idea. This thought springs from the passing of the people behind these brands in recent years.

These brands are among the many owned and managed by some of the most influential families in the Philippines. A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family.