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So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 287 blog entries.

Some updates from the world of family business! You might find these interesting!
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By | June 22, 2018|Family Business|

Meet JWL Group's Raaj Jobanputra, the gen-next scion who likes to play it cool - //economictimes.indiatimes.com/articleshow/64657679.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Don't threaten independent directors - https://www.business-standard.com/article/opinion/don-t-threaten-independent-directors-118061800010_1.html Stanford done, now Isha Ambani to join family business -https://economictimes.indiatimes.com/topic/family-business What Can All Business Learn From Family Businesses? -https://www.forbes.com/sites/dennisjaffe/2018/06/15/what-can-all-business-learn-from-family-businesses/#214546c075eb

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Here are some updates from the world of family business! You might find these interesting!
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By | June 15, 2018|Family Business|

Kirloskars get ready to diversify into financial services with new NBFC https://economictimes.indiatimes.com/industry/banking/finance/kirloskars-get-ready-to-diversify-into-financial-services-with-new-nbfc/articleshow/64489035.cms Tatas plan monetisation of infrastructure, realty arms  //economictimes.indiatimes.com/articleshow/64551456.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The bond that keeps promoters of Emami together  //economictimes.indiatimes.com/articleshow/64551263.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Germany’s Knauf to acquire USG http://www.businessnorth.com/daily_briefing/germany-s-knauf-to-acquire-usg/article_048aed6a-6e7f-11e8-af6c-236e3bf107d1.html

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Here are some updates from the world of family business! You might find these interesting!
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By | June 11, 2018|Family Business|

Tariq Premji joins board of Wipro Enterprises  https://economictimes.indiatimes.com/articleshow/64501965.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Kirloskars get ready to diversify into financial services with new NBFC  https://economictimes.indiatimes.com/articleshow/64489035.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Farhad Forbes elected global chairman of Family Business International https://www.aninews.in/news/business/business/farhad-forbes-elected-global-chairman-of-family-business-international201806071901100002/ After Flipkart deal, Walmart India looks to scale up kirana store business https://www.livemint.com/Companies/dOydx4hB1VEaNMaYIoj0IO/After-Flipkart-deal-Walmart-India-looks-to-scale-up-kirana.html

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Here are some updates from the world of family business! You might find these interesting!
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By | June 1, 2018|Family Business|

Using outside directors in your family business http://www.grbj.com/articles/90739-using-outside-directors-in-your-family-business What Harvard, McKinsey taught Lavanya Nalli: Being planned, relying on hypothesis  https://economictimes.indiatimes.com/magazines/panache/what-harvard-mckinsey-taught-lavanya-nalli-being-planned-relying-on-hypothesis/articleshow/64363049.cms Four Types Of Family Businesses You'll See In Asia And How To Govern Each Effectively https://www.forbes.com/sites/nusbusinessschool/2018/05/25/4-types-of-family-businesses-youll-see-in-asia-and-how-to-govern-each-effectively/#790fc761659f The business of family: Building with the Birlas https://www.moneycontrol.com/news/business/podcast-the-business-of-family-building-with-the-birlas-2568381.htm

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Updates on Family Business
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By | May 25, 2018|Family Business|

Are Family-Owned Businesses Kinder to the Earth? https://earth911.com/business-policy/family-owned-businesses-green/ Digital Transformation a Challenge For Asian Family Businesses https://www.bloomberg.com/news/audio/2018-05-24/digital-transformation-a-challenge-for-asian-family-businesses Indian Family Business Contributes to Employment Generation in the US https://economictimes.indiatimes.com/tech/ites/tcs-adds-over-400-employees-to-st-petersburg-florida/articleshow/64286886.cms

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Your Family Business Won’t Survive If You Don’t Plan for the Leadership Transition
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By | May 7, 2018|Family Business|

Despite their outsized impact on our economy, many family businesses haven't planned properly -- or at all -- for a transition in business ownership. One study by MassMutual found that more than 40 percent of respondents expected to retire within 10 years. However, fewer than [...]

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Communication, delegation crucial to make family biz work
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By | April 30, 2018|Family Business|

Long before they excelled in business, they were a family who brought out the best in one other. Pages Holdings Inc. (PHI) Chairman Bunny Pages said the family business, which they established some 15 years ago, wouldn’t be where it is today if the family [...]

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A Lasting Legacy- The History and Personalities Behind Athens’ Oldest Business
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By | April 20, 2018|Family Business|

Kris Cornwell spent her days on Court Street long before it was lined with a bevy of bars and chain restaurants. As the owner of Cornwell Jewelers, 77 N. Court St., Cornwell recalls catching a bus with her sister and riding from her grandparents’ home [...]

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Kanoo Group finds balance between boring and exciting, chairman says
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By | April 20, 2018|Family Business|

Boring may not be the first thing that comes to mind when thinking of growing a business. But it does play an integral part of the thinking of the Kanoo Group, one of the UAE’s biggest family conglomerates that is grooming itself for expansion and [...]

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When the Next Gen wants to fix the family business
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By | April 16, 2018|Family Business|

Most of the corporate chieftains have children all ready and qualified – in legal terms at least – to join the labour force. The question is whether these offsprings should join the family business and succeed it, or work outside the family business for a [...]

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Family Business: Tradition or Superior Vision?
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By | April 9, 2018|Family Business|

Business is personal for Eric Miller, CEO of Miller Welding and Machine Co. When he was in college, his grandfather, Dave R. Miller, made the “big decision” to expand the family business from a machine and welding shop into an integrated, full-service supplier to the [...]

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How family business Westmorland is reinventing the motorway stop
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By | April 9, 2018|Family Business|

A bank holiday visit to a UK motorway service station is usually a grim necessity. It often involves a nondescript atrium surrounded by burger concessions, coffee shops and gambling machines, all charging high prices to a captive audience. But one idiosyncratic British operator is trying [...]

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Gender Pay Gap: Family Businesses Vow to Do Better
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By | March 30, 2018|Family Business|

With just days to go until all major UK employers have to reveal the difference between what they pay men and women, several of the country’s biggest family firms say they are committed to doing better. In 2017 the UK government introduced regulations requiring businesses [...]

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Positioning Your Family Business for Transition: A quick guide for business owners
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By | March 30, 2018|Family Business|

Family business owners, regardless of industry, share common issues. Most agree that by the end of the journey, they want to have leveraged the work of a lifetime to support their future lifestyle. Many business owners struggle to figure out what to do with their [...]

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You Need These 4 Attributes to Successfully Take Over A Family Business
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By | March 23, 2018|Family Business|

Li Ka-shing’s son Victor has a lot to live up to. Here’s how he, and any successor to a family business, can make a success of keeping it in the family “In the traditional Chinese way of doing things, control of the business is always [...]

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Li Ka-shing Cedes a Sprawling Empire to his Son
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By | March 23, 2018|Family Business|

“TOO long” was how Li Ka-shing, known fondly by locals as chiu yan (Superman) for his business nous, described his working life when he announced on March 16th that he would be retiring in May. Asia’s pre-eminent dealmaker has been around for longer than his [...]

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Family Business Succession takes a lot of Planning
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By | March 20, 2018|Family Business|

Experts estimated that there are 5.5 million family businesses in the United States that contribute $8.3 trillion to the economy, employ 63 percent of the workforce and account for 57 percent of U.S. gross domestic product and 78 percent of new job creation. But Anne [...]

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St. Helena’s CK Mondavi and Family introduces Fourth Generation
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By | March 20, 2018|Family Business|

On Monday, C. Mondavi & Family announced that the next generation of the Mondavi family is officially increasing its involvement in the family’s business. This increased involvement focuses on the CK Mondavi and Family brand with the inclusion of this fourth generation as shareholders in [...]

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No guarantee of Success in Business Succession
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By | March 13, 2018|Family Business|

The consensus among family business owners, according to The Family Business Institute, is that their businesses will continue to be owned by the same family or families at least five years from now. However, many of the 88 percent of owners who believe this will [...]

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How to Keep the Entrepreneurial Drive in a Growing Family Business
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By | March 13, 2018|Family Business|

Economist Joseph Schumpeter famously identified owner-entrepreneurs as key enablers of economic development. But, once entrepreneurial companies evolve into family firms, can they maintain that positive role in society? Family-owned businesses are often portrayed as the engine of the private sector—pointing at advantages such as faster [...]

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Millennials in the workforce: Do family businesses need to worry?
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By | March 5, 2018|Family Business|

How to attract, select and retain talent is a challenge for both family and nonfamily businesses but even more so in family businesses because of the complexity of the intertwined relationship between the family and the business systems. Millennials have surpassed the previous generation in [...]

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The Rise and Rise of Family Firms
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By | February 26, 2018|Family Business|

Though late on the scene, standalone family firms have established themselves as formidable players This article was first published in Forbes India magazine, Issue: March 02, 2018; Authors: Kavil Ramachandran and Nupur Pavan Bang http://www.forbesindia.com/article/column/the-rise-and-rise-of-family-firms/49485/1 The year 1991 ushered in a new dawn for the [...]

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Future-Proofing A Family Business: The Art of Drafting Family Constitutions
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By | February 20, 2018|Family Business|

Family firms usually start out as simple organizations. But as they develop and grow they face greater complexities and challenges, often leading to tensions among the owning family over how they run the firm together. A common solution is to develop a family constitution outlining [...]

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Planning for Family Business Longevity in Three Steps
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By | February 20, 2018|Family Business|

In family businesses, family assets are the unique and often intangible contributions that only families can bring to their firms and are essential to their identities. Long-lived family firms always need to identify and develop those unique family assets that have been sustained and enhanced [...]

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What America’s family-owned businesses have learned from the German Mittelstand
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By | February 9, 2018|Family Business|

Germany has a long culture of family-owned and privately held businesses, the so-called Mittelstand. These businesses typically have long-term growth goals and try to align commercial goals with the interests of their employees and other stakeholders, including the communities where they are located. Germans are [...]

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Dr Pepper Deal Signals Advantage of Family Firms’ Long Term Horizons
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By | February 9, 2018|Family Business|

JAB Holdings has cooled its coffee spending spree, striking a deal to buy its first cold drinks company, Dr Pepper Snapple, in a move which has bemused market commentators. Luxembourg-based JAB, which mainly controls the wealth of Germany’s Reimann family, has announced it will buy [...]

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The pros and cons of IPOs in family businesses
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By | February 2, 2018|Family Business|

Like many family business owners, Phil Dudderidge reached the point where he wanted to take some value out of the enterprise that he had built up over more than two decades. Mr Dudderidge, executive chairman of the company, Focusrite, describes his decision to float it [...]

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Why Family-Business Entrepreneurs Should Embrace Private Equity Funding
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By | February 2, 2018|Family Business|

With the passage of President Donald Trump’s tax plan, family-business entrepreneurs seem to be getting a big bump in social investment and corporate growth. Yet this tax overhaul isn’t without its problems. Especially when it comes to the private-equity space, the plans to limit deductions [...]

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A Proud Family Business — Burgeson’s Heating and Air Conditioning, Inc.
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By | January 19, 2018|Family Business|

It was in 1949 when Elgar Burgeson decided that it was time to start his own company. He then put his mastery to work. That was when his daughter, Dianne Burgeson, president and CEO of the company, was three years old. Dianne has now been [...]

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World of Work: Family-owned businesses need to face tough issues
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By | January 19, 2018|Family Business|

Most companies have sensitive issues that nobody talks about, but avoiding touchy subjects in family firms can be catastrophic. Eric Clinton, director of the DCU Centre for Family Business, draws a distinction between the family-first family business and the business first family business. Those in [...]

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Mediterra, a Family Business Built on Bread
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By | January 16, 2018|Family Business|

Mediterra Bakehouse in Pittsburg is owned by Nick Ambeliotis, a gentle Grecian giant. Ambeliotis might live and work in Pittsburgh, but he still considers Cleveland home. He grew up in Warren, Ohio, attended John Carroll University, and maintains season tickets to the Browns. For nearly [...]

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Dynamics and disruptions: co-investments between venture capital and family business
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By | January 5, 2018|Family Business|

Venture Capital firms (VCs) and family-owned business groups are not natural partners. VCs want strong minority rights, an ability to change management if the company underperforms, and do not mind dilution in shareholdings and control if the company’s valuation grows. By contrast, family-owned business often [...]

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Hire professional managers to grow family business
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By | January 5, 2018|Family Business|

Family businesses are a vital part of the Kenyan economy, and their continuity and success often depend on the transition from one generation to the next. In the Kenyan economy, it has been found that less than one-third of family businesses survive the transition from [...]

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How to keep a family business running after 200 years
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By | December 29, 2017|Family Business|

The rumours that swirled around the American east coast city of Baltimore in 1895 were grossly inaccurate. The word on the street was that the Loane family business had shut. So Javez Loane, who at the time ran the business that made sails, window awnings, [...]

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How the Generation Gap Affects Chinese Business Succession
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By | December 29, 2017|Family Business|

A 2011 report estimated that around 80 percent of China’s private companies were family-run. If we define family enterprises as any enterprise where the founder or their family holds more than 50 percent of the shares, then they probably number in the millions. In the [...]

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Corporate Governance in the context of family controlled businesses
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By | December 22, 2017|Family Business|

The 120 years old Godrej Group has emerged as an icon among family businesses in India, not only for its economic achievements but also for its relentless focus on achieving excellence in corporate governance. In an interview with Sougata Ray, Professor of Strategy, Indian Institute [...]

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Like Father, Like Son—Ziad Salloum on Succession in the United Arab Emirates
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By | December 22, 2017|Family Business|

Ziad Salloum and his father Samir are both lawyers with expertise ranging from “day to day stuff” as Salloum Jr puts it (acquisitions, contracts, sales), to managing a business handover from one generation to next—a process arguably more about personalities than professionalism. Established in 1980 [...]

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Culture and Professionalisation at Hilti
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By | December 18, 2017|Family Business|

Hilti Corporation is a global company that has been consistently rated as one of the best for people practices, by Fortune and the Sunday Times. Professor Kavil Ramachandran, Executive Director of the Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business, in a freewheeling [...]

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China Faces Family Business Succession Crisis
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By | December 18, 2017|Family Business|

China has a problem with family businesses: a sizeable number are preparing to hand over control to the next generation. However — in a development that some say will hurt and others think might help the world’s second-biggest economy — some may not stay in [...]

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How to advise a family business
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By | December 8, 2017|Family Business|

Providing financial advice to a family running a business is complex, according to a Europe-wide study that highlighted challenges around growing a business and managing its wealth across generations. This important advisory market segment is increasingly being impacted by a ‘war for talent’, according to [...]

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Sharing Wisdom: Lessons from successful family dynasties
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By | December 8, 2017|Family Business|

A significant minority of highly successful business-owning families excel and thrive through several generations: Miele, Follett, Takanashi, Henkel, and many more. These families have much to teach us: not only on governance, strategy and business management, but also social and environmental responsibility and economic development. [...]

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Corporate Governance, Business Growth and the role of Independent Directors
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By | December 4, 2017|Family Business|

A family business has many challenges as it grows and corporate governance is often pushed to the back burner as more urgent, not necessarily important, day to day activities and expansion concerns take up the owner managers’ time. The board is the most significant instrument [...]

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