Rethinking Performance Audit Methodology in Government- By: Prof. Prajapati Trivedi

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In the last two decades there has been an exponential growth in “Performance Auditing” in governments around the world, a phenomenon often characterized as an “audit explosion.” Increasingly, Supreme Audit Institutions in most… Continue reading

Sugar Bowl owner reflects on nearly 100 years of family business

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Gaylord’s oldest restaurant and one of the city’s most iconic businesses is temporarily closed after longtime owner Bob Doumas sold the Sugar Bowl and retired. As of 2 p.m. Sunday, Jan. 15, the… Continue reading

Global Family Office Report 2016 Key Findings – Impact Investing

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According to legend, The Rockefeller Foundation coined the term ‘impact investing’ in 2007, putting a name to investments made with the intention of generating both financial return and social/environmental impact. Has the concept… Continue reading

Do “Corporate Formalities” Matter in Family Businesses?

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Family owned corporations are subject to the same statutory requirements regarding entity governance as non-family owned businesses. Thus, in order to fully comply with the applicable statute for the state where the business… Continue reading

Five Tips for Leading a Successful Family Business

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Razak Dawood ’68, the chairman of Descon, a family-run power, engineering, and chemical conglomerate based in Pakistan, manages more than 14,000 multinational employees across seven countries. Dawood spoke about his own experiences and… Continue reading

1 week to Cycle 2 Deadline| Admissions FAQs

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Here are some more commonly asked questions. This should help you gain more clarity on your application to ISB. 1.       Is GMAT given more preference over GRE? No. There is no preference given to… Continue reading

Fourth-generation Mpls. furrier adapts to times, tastes

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If it snowed more than 7 inches on New Year’s Day, customers who had bought a fur, leather or other coat at Ribnick Luxury Outerwear in December would have been entitled to a… Continue reading

Enduring Firms Transfer Assets and Knowledge Effectively

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Co-written by Brian Henry, “The Hénokiens: The Families and Firms Who Made History” is a case study of 47 family businesses which have been in the same family for more than 200 years, revealing important… Continue reading

2 Weeks to Cycle-2 Deadline | FAQs

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Here are some last minute frequently asked questions, that will help you gain clarity regarding your application to ISB in the cycle-2. 1.       When is the last date to submit the GMAT/GRE score? January… Continue reading

Close family ties, and a secret recipe, keep business going

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Stop by Ricci’s Italian Sausage in McKees Rocks this holiday season and you might be served by an orthopedic surgeon or an attorney. The lawyer is Ernest A. Ricci, 30, great-grandson of Ricci’s… Continue reading

How a Founder’s Family Will Shape the Future of This Business

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Susan Michel has always taught her four kids a consistent lesson: You get what you earn. Susan, 58, has approached succession planning at her financial advisory business, Glen Eagle, with the same philosophy.… Continue reading

Commercial Surrogacy in India

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In a time when developments in science and technology are far outpacing human evolution, ethical dilemmas crop up with the commercialization of each new phenomenon. Surrogacy in India has recently emerged as a… Continue reading

Using interoperability to become cashless

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Mandar Kagade, Analyst at Bharti Institute of Public Policy has an Oped co-authored with the erudite Sakshi Chadha of Microsave, arguing for Interoperability of wallets. Swift action will be needed to put in… Continue reading

Good governance is survival for family firms in the GCC

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The family business is one of the oldest and most common economic organisational models. The significant role they play in the global economy is undeniable, with companies such as BMW, Wal-Mart, Toyota and… Continue reading

Most companies don’t last 50 years, but these Pittsburgh businesses have

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Here’s how hard it is for a business to survive 50 years: only about 36 percent of them make it to their 10th birthday, and about 21 percent make it to their 20th… Continue reading

Al Fahim’s resilient family firm reveals the value of staff loyalty

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The story of the Al Fahim Group, today one of the oldest and largest family business conglomerates in the region [UAE], began with a problem many of us are familiar with – cars… Continue reading

Lowa Jeweler carries on Family Business for Next Generation

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From a tiny office in the front of his store, Bill Nusser gives a friendly wave and hello to all the customers who stop in his jewelry store, much like his father, grandfather… Continue reading

It’s all relative: the Four Keys to Family Business Longevity

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More than 110 years ago, Fung Pak-liu, an English teacher, and Li To-ming, a local merchant whose family owned a porcelain shop, started an export trading company in Guangzhou, shipping porcelain, fireworks, jade… Continue reading

Lego Restructures with Eye to Expansion

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The Danish family behind the Lego plastic-brick empire is shaking up the company’s ownership structure, elevating an executive widely credited for rescuing the toy maker from the brink of bankruptcy to manage all-things Lego… Continue reading

Cashkaro.com’s Swati Bhargava Visits ISB

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It was an unusually warm and sunny day in August when the whole campus of ISB was buzzing with the excitement of Swati Bhargava visiting for a fireside chat with the students. The… Continue reading

Why Merit Beats Nepotism at More Family Businesses

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In our agrarian past, every farmer wanted 10 sons because all that “free labor” meant he could have a much bigger farm. The patriarch not only controlled the family business, he also generally… Continue reading

How can family offices deal with the big data revolution?

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How can an organisation with a relatively small investment team such as a family office deal with the deluge of data that can inform investment processes today? While some family offices show great… Continue reading

Journey continues for family business in Dixon

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Nemer Kaleel arrived at Ellis Island from his native Lebanon in 1905, with nothing but his dreams. The 17-year-old Nemer left Beirut on a cattle boat and eventually settled in Spring Valley. He… Continue reading

The Long Haul: Felix Fiege on Five Generations of Logistics

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Taking a business from one horse-drawn cart to an international logistics firm is no easy task, but that is exactly what Germany’s Fiege family has accomplished over five generations. Fieges’ road to success… Continue reading

How an MBA in India took a Spanish national to the top of the Clean Tech M&A Industry in Spain?

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Aurelio Gutierrez Perez remembers being overwhelmed, not by the spicy food, the crowds, or the searing summer sun, but by the intense class participation. ‘In Spain, if you ask the class a question,… Continue reading

Cycle 2 | 7 weeks to go

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With just 7 weeks more to go, the Cycle 2 deadline is soon approaching.Here are the tips for you submit a stronger application. 1. Start early: Understand your fit with the school and… Continue reading

Family-owned jewellers offer longevity lessons

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W Carter & Son has been in the same premises since the business was established nearly 200 years ago. Brian Holmes inherited the company with his brother Tad when their father died in… Continue reading

106-year-old family business adjusts to markets, seizes opportunities to stay viable

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Louis Gelder moved from Chicago to Millburg, Mich., near Benton Harbor, bought a hardware store, changed its name and started making high-end leather harnesses for wagons and buggies along with selling hardware and… Continue reading

Resolving Financial Bankruptcies: A Case of Government Overreach?

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The Indian finance ministry recently put up a draft Financial Resolution and Deposit Insurance Bill for public comments. The Bill proposes to establish a comprehensive framework for resolution of financial firms (founded on… Continue reading

Conflicts of interest at White House

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Donald Trump is President-elect of the United States of America. He brings with him potential conflicts of interest across all areas of government that are unprecedented in American history. It will be interesting… Continue reading

Germany’s Reimann family acquires Asian coffee company

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JAB Holding is the investment vehicle of Germany’s Reimann family, one of Europe’s wealthiest business families. JAB Holdings is controlled by the second generation of Germany’s Reimann family: Renate Reimann-Haas, Wolfgang Reimann, Stefan… Continue reading

Chinese Family Businesses Cautious and Conservative about Future

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As per biannual 2016 Family Business Survey conducted by Pricewaterhouse Coopers, the economic climate is hurting Chinese family businesses, with 75 per cent of Hong Kong businesses citing market conditions as their biggest… Continue reading

Australian Mineral Tycoon Invests in the UK

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Hancock Prospecting is an Australian mineral exploration and extraction, privately owned, company that holds the rights to some of world’s largest iron ore deposit. Gina Rinehart is chairman of Hancock Prospecting, a company… Continue reading

Succession planning continues to bother family businesses

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As per a new study in the UK, almost all family businesses confess they are operating without a strategy for succession, despite knowing full well the issue of generational transition is looming.  A… Continue reading

Family moves in during troubled times

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The multinational network equipment maker, Ericsson was founded in 1876 by Lars Magnus Ericsson. The Wallenberg family saved the company from bankruptcy in 1960, and has since controlled the company. However history seems… Continue reading

Succession plan for fifth generation at New York Times

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The New York Times founded and continuously published in New York City since September 18, 1851, has won as many as 117 Pulitzer Prizes, more than any other news organization. Since 1896, when… Continue reading

Pinarello in Talks to Sell Majority Stake

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Cicli Pinarello SpA, the Italian bicycle maker, was founded in the early 1950s when Giovanni Pinarello, a professional cyclist, received 100,000 pounds to give up his spot at the 1952 Giro d’Italia road… Continue reading

Italian Family Business Selling Stake for Overseas Expansion

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 Atlantia SpA is an Italian holding company, controlled by the Benetton family, whose primary asset is Autostrade per l’Italia, the Italian toll-road operator. The main business interests of Atlantia are in infrastructure. The… Continue reading

Collaboration among Family Run Car Makers continue

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In continuation with last week’s report on tie-ups among car majors, now a new alliance seems to be forming among Toyota Motor Corp. and Suzuki Motor Corp. The two family run car manufacturers… Continue reading

Life at ISB

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Her day started at 8 am in the morning, at the sound of her quadmate banging the door to wake her up. She rushed to the 8.15 am class armed with caffeine, and… Continue reading

Bill Ford taking Ford Motor in new directions

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A family owned old economy manufacturing behemoth such as Ford is turning towards services as its new growth engine. It intends to generate a 20% return on its new mobility services, or more… Continue reading

Collaboration between two family car makers on the increase

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Two family-owned carmakers BMW and Toyota coming from different parts of the world are cooperating on a number of new ventures. Toyota, owned by the Toyoda family, reported revenues of 28.4 trillion yen… Continue reading

Family member faces investor backlash

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James Rupert Jacob Murdoch the chief executive officer of 21st Century Fox, and Chairman of Sky plc received investor backlash earlier this week. This is significant as many analysts view this third-gen Murdoch,… Continue reading

ISB for Women

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The Indian School of Business encourages women to get back to the work-force and take up leadership roles. Apart from refreshing management basics and giving you the global business perspective through the PGP course, the… Continue reading

Family business linkages

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Family business leaders very often serve on one another’s boards. They not only share their experience but are also able to forge links with other important families in the international business world. In… Continue reading

Samsung faces pressure from activist investors

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Samsung, the South Korean chaebol, founded in 1938, and owned by the Lee family, is under pressure from the New York based hedge fund Elliott Management. Elliott owns 0.62% of Samsung Electronics. The… Continue reading

European Family Business Diversifying, Internationalising

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France’s Peugeot family, which owns a 14 percent stake in automaker PSA Group, will further diversify its investments and expand outside of France to strengthen its holding company and offset the weight of… Continue reading

Asian Tycoon acquires American Cultural Icon

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Rolling Stone is an American biweekly magazine that focuses on popular culture. It was founded in San Francisco in 1967 by Jann Wenner, who is still now the magazine’s publisher. His family controls… Continue reading

Germany changes inheritance tax to protect family business

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German politicians have agreed to changes in the tax rules for people who inherit companies. Under the new compromise thrashed out by a parliamentary mediation committee, most German company heirs will still be… Continue reading

Mexican firm braves antitrust laws to eye acquisition of Brazilian rival

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América Móvil is a Mexican telecommunications corporation that is the fourth largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. América Telecom, the holding… Continue reading