The ISB-YLP Edge

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ISB believes that leaders can be identified early and mentored such that they realize their true potential. The Young Leaders Programme (YLP) has been introduced with this motive in mind. It is an exacting foundation that… Continue reading

Foreign Firms Preferred Training Ground For Indian Business Family Scions

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The trend of working outside the family business, especially outside the country, by Indian business family scions is gaining traction. As per Professor Kavil Ramachandran of ISB, “this global exposure prepares the new… Continue reading

New Survey Reports Lack Of Succession Planning In US Based Family Businesses

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As per the recently released Kreischer Miller Family Business Survey 2016 titled ‘The Impending Perfect Storm Facing Family Businesses’ the global financial crisis has disturbed the retirement timelines in many US based family… Continue reading

Venture Funds Plan To Bring Family Businesses To Startup Funding

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Unicorn India Ventures is a venture capital firm founded by Anil Joshi and Bhaskar Majumdar. It has recently got a commitment from the India Aspiration Fund, a Rs 2,000-crore fund of funds, managed… Continue reading

Family Businesses Remain Most Trusted Businesses

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As per the recently published report titled ‘Edelman Trust Barometer 2016’, family-owned companies (66%) held their top spot as the most trusted businesses globally, trailed by public (52%) and state-owned (46%) businesses. Edelman,… Continue reading

Accounting Big Four Gear Up To Support Family Businesses

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In the increasingly competitive arena of support services aimed at small and medium enterprises (SMEs), the Big Four accounting firms in Singapore are flexing their muscles, with dedicated teams and expanded services. A… Continue reading

Succession And Talent Management Biggest Challenges For Family Business In Singapore

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As per a recent survey conducted by PwC and the Singapore Chinese Chamber of Commerce and Industry, 65 per cent of family businesses in Singapore are of the opinion that attracting talent is… Continue reading

Succession Challenge In Family Business

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As per a recent survey conducted by EY titled, ‘Coming home or breaking free? A closer look at the succession intentions of next-generation family business members’, family businesses globally are facing a succession… Continue reading

Schindler Group Prepares For Non-Family Succession

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The Schindler Group is a manufacturer of escalators, elevators and moving walkways worldwide, founded in Switzerland in 1874, by Robert Schindler and Eduard Villiger. The company is present in more than 140 countries… Continue reading

Transform uncertainty into confidence, with ISB’s YLP

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  Have you made up your mind about getting an MBA from a premium B-school?   You are still in college and not sure if you want to Join a B-school right away… Continue reading

Finance Club at ISB – The Year the was

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  ISB Finance Club Indian School of Business’ Finance Club is a student –driven club that provides students with channels to learn and offer opportunities to develop their management skills. The club from… Continue reading

Arnault Family Office and Family Business enters Private Equity Partnership

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LVMH is a European multinational luxury goods conglomerate, headquartered in Paris, France. It owns a portfolio of luxury brands that includes Louis Vuitton, Dom Perignon and Veuve Clicquot. It is currently owned by… Continue reading

Families Preferring to sell rather than pass on Business to Next Generation

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At one point of time passing on the family business to the next generation was considered important. It involved preservation of the family legacy and heritage. It seems, times are changing and with… Continue reading

International Cooperation among Family Businesses

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Wanda Group is a Chinese conglomerate and China’s biggest private property developer. It is owned by Chinese billionaire Wang Jianlin, whose other assets include a 20% stake in Spanish football team Atletico Madrid,… Continue reading

Overcoming Blind Spots in a Family Business

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People growing up in a family business environment can often develop blind spots. During the recent Smart Business 2015 Family Business Conference, four family business leaders discussed how to address these blind spots.… Continue reading

The Importance of Family Values

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The decision-making in most family firms is guided by the values of the family. Hence they are seen as critical to the success and future of these companies. In an international survey of… Continue reading

A Growing Crisis In Chinese Business Families

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A proud holder of the coveted Michelin star, the Yung Kee restaurant was once considered among the world’s top 15 restaurants (Fortune Magazine, 1968). However, today it symbolizes the problems faced by Chinese… Continue reading

There Is Something About Japanese Family Firms

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Anyone interested in family business successions cannot ignore studying Japanese companies. As per a recent study by a South Korean bank, there are 5,586 companies worldwide that have existed for more than 200… Continue reading

Indian Business Houses Rethink Overseas Investments

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Over the years, Indian companies and family businesses in particular have been active in making overseas direct investments in the hope of getting access to newer and more extensive markets, and better technologies.… Continue reading

Italian State Lender to set up Equity Fund for Family Businesses

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State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses go public, and thereby help boost the country’s economy. The bank intends to… Continue reading

Philanthropy by Asian families on the Rise, but Quietly

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In the US, an individual is entitled to charitable deductions of up to half of his adjusted gross income, provided that the money is donated to government-approved tax-exempt organizations. It is argued that… Continue reading

The Batmen of ISB share their ‘competition marathon’ experience

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ISB-Plan competitions are a great way to challenge yourself, test your ideas and showcase your talent. Though truth be told, our main motivation to take part in these competitions was to build our… Continue reading

Founder of Family Business Sheds Tears, Defending Daughter’s Appointment to Shareholders

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Michael Hill International, a jewelry business, launched in 1979 with one shop, today has 300 stores across Australia, New Zealand and North America. It is headquartered in Australia and last year had revenues… Continue reading

Working Together as a Family

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Working simultaneously with multiple family members is one of the biggest challenges in family business. If not managed properly, it can be a bitter pill to swallow. However, if the environment is managed… Continue reading

In my third attempt I made it to ISB with a full tuition waiver – Yash Agarwal

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“The path from dreams to reality does exist. May you have the vision to find it, the courage to get onto it, and the perseverance to follow it.” -Kalpana Chawla These words epitomize… Continue reading

New Generation of Asian Entrepreneurs are in Business for the Long Haul

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According to a new research titled ‘Essence of Enterprise report’ conducted by HSBC and Scorpio Research, entrepreneurs in Asia are more likely to take a long-term approach to their enterprise compared to their… Continue reading

Chinese Heirs Reluctant to join Family Business

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An important aspect of succession planning in any family business is the manner in which the next generation is gradually introduced into the business. However alarmingly, a recent study by Peking University has… Continue reading

Oldest Surviving Family Business in UK

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Professor William O’Hara, in his book ‘Centuries of Success’, asked: “Is there any institution more enduring or universal than a family business?” He himself answered this rhetorical question by stating: “Before the multinational… Continue reading

Family Business and Philanthropy

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Even as Mark Zuckerberg committed close to $45bn to social causes earlier this week, we take a quick glimpse into the world of family business and philanthropy. According to a recent study by… Continue reading

The Top 250 Multinational Family Firms

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The Family Business Chair of the University of Seville (Spain), sponsored by Banco Santander, has recently come out with a ranking of the top 250 Multinational Family Firms. Firms that were included in… Continue reading

ET young leaders awardee Kanav Goyal, shares his experience

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I first heard about the Economic Times Young Leaders Awards B-School Edition when I saw the picture of a friend, Mitali Bhandari, in the Economic Times last year. She was an ISB PGP… Continue reading

The Utility of Family Business Advisory Boards

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Family businesses use advisory boards as a means for the family to go beyond its inner circle and tap into more diverse experience and expertise. While many family businesses have advisory boards, most… Continue reading

The World’s Biggest Family-Run Companies

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Recently, the Center for Family Business at the University of St. Gallen, Switzerland, compiled a list of the 500 largest family-run businesses. The list provides impressive evidence of the economic power and relevance… Continue reading

Succession Plan Vital for all Businesses Irrespective of Size

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In a recent article published in the Silicon Valley Business Journal, Jody Meacham, argues that most family business owners don’t have a succession plan in place. The reasons he says are varied and… Continue reading

The Succession Challenge in Middle East business families

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Family businesses account for about eighty percent of non-oil GDP within the Middle East region, according to Deloitte Consultancy. Ninety-five per cent of all companies in the region are family owned. Family businesses… Continue reading

Hiring Talent is main Challenge for Asian Family Businesses

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As per the results of a recent survey conducted by United Overseas Bank (UOB) in collaboration with Singapore Management University’s Business Families Institute (BFI@SMU), most Asian family businesses see talent recruitment and development… Continue reading

Importance of Corporate Governance in Family Business

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At the recently concluded Family Business Conclave organized by the ISB in Mumbai, several fund managers remarked that family businesses make for easy, stable and resilient investments. However, they also cautioned that funds… Continue reading

Head of Admissions shares tips to build your application

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By Nidhi Reddy, Head of Admissions, PGP, PGPMAX & MFAB I’m often asked about the essential qualities/ traits we look for in a PGP aspirant and how one can build a strong ISB… Continue reading

Time to Document Indian Value System behind Family Businesses

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At a recent book launch President Pranab Mukherjee remarked that family and business have been interconnected for a long time. Echoing a similar thought, in a recent article on how Indian business families… Continue reading

An Equity-Based Stop-Gap Solution

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Start-rite is a 200 year old shoemaking company based in based in Norwich England, with manufacturing bases in India and Spain. The firm was founded in 1792 and last year recorded profits of… Continue reading

Managing Conflict in Family Business

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In any family business, conflict is not only inevitable but at times healthy as well. However it should be managed, such that it does not escalate and destroy the business foundations. A recent… Continue reading

Indian Family Businesses Investing in Technological Start-Ups

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Over the last year, Reliance Industries has backed more than 40 startups such as Covascis, Ecorithim and Videonetics through GenNext Ventures, the venture capital arm of Reliance Industries, which has a war chest… Continue reading

ISB: A transformational journey – Peter Paul

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  Hailing from a small hill-station town in Tamil Nadu called Kodaikanal, I did my entire schooling from the Kodaikanal International School, where diversity is the key to the overall learning experience. I… Continue reading

What made ISB the ideal B-school for me? – Eklavya Sharma

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After living in Canada for thirteen years, I invariably chose Asia for my management studies. Asia is poised for growth in the coming decades. In comparison to other economies, India really stood out… Continue reading

Check-list to apply to the PGP at ISB

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If you have made up your mind to apply to the PGP, here’s a check-list of things that will help you complete your application before the application deadline. Fill each segment of the online… Continue reading

Minimum Government Maximum Governance; Fixing Deliverables

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By Ritvik Mishra, Analyst, Bharti Institute of Public Policy, ISB We were all exhilarated with the wave of change that the Narendra Modi-led NDA Government promised to bring with it after winning the… Continue reading

When should you apply- Cycle 1 or Cycle 2?

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Considering applying to ISB, but not sure – if you should apply in Cycle 1 (C1) or give it more thought and apply in Cycle 2 (C2)? Applying to ISB in C1 has… Continue reading

What do we look for in a PGP Candidate?

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There are three broad areas on which we evaluate the potential of a candidate 1. Academic Record: We believe a good academic record is an indicator of the candidate’s ability to take up… Continue reading

Hans Vestberg – An absolute delight and an Inspiration

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  -By Anurag Sabarwal Shaking hands with a corporate honcho running a 70 Billion Euro technological powerhouse like Ericsson is not an everyday experience for a student. But the other day it was… Continue reading

‘Putting Life on the Page’- tips to write a great essay

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Essays are an important component of your ISB PGP application. They are a powerful tool to present your story, career goals and plan of action in a convincing and compelling way, and enhance… Continue reading