avatar

About Team - Thomas Schmidheiny Centre for Family Enterprise

This author has not yet filled in any details.
So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 277 blog entries.

A Lasting Legacy- The History and Personalities Behind Athens’ Oldest Business
avatar

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 [...]

Comments Off on A Lasting Legacy- The History and Personalities Behind Athens’ Oldest Business
avatar

Kanoo Group finds balance between boring and exciting, chairman says
avatar

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 [...]

Comments Off on Kanoo Group finds balance between boring and exciting, chairman says
avatar

When the Next Gen wants to fix the family business
avatar

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 [...]

Comments Off on When the Next Gen wants to fix the family business
avatar

Family Business: Tradition or Superior Vision?
avatar

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 [...]

Comments Off on Family Business: Tradition or Superior Vision?
avatar

How family business Westmorland is reinventing the motorway stop
avatar

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 [...]

Comments Off on How family business Westmorland is reinventing the motorway stop
avatar

Gender Pay Gap: Family Businesses Vow to Do Better
avatar

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 [...]

Comments Off on Gender Pay Gap: Family Businesses Vow to Do Better
avatar

Positioning Your Family Business for Transition: A quick guide for business owners
avatar

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 [...]

Comments Off on Positioning Your Family Business for Transition: A quick guide for business owners
avatar

You Need These 4 Attributes to Successfully Take Over A Family Business
avatar

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 [...]

Comments Off on You Need These 4 Attributes to Successfully Take Over A Family Business
avatar

Li Ka-shing Cedes a Sprawling Empire to his Son
avatar

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 [...]

Comments Off on Li Ka-shing Cedes a Sprawling Empire to his Son
avatar

Family Business Succession takes a lot of Planning
avatar

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 [...]

Comments Off on Family Business Succession takes a lot of Planning
avatar

St. Helena’s CK Mondavi and Family introduces Fourth Generation
avatar

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 [...]

Comments Off on St. Helena’s CK Mondavi and Family introduces Fourth Generation
avatar

No guarantee of Success in Business Succession
avatar

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 [...]

Comments Off on No guarantee of Success in Business Succession
avatar

How to Keep the Entrepreneurial Drive in a Growing Family Business
avatar

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 [...]

Comments Off on How to Keep the Entrepreneurial Drive in a Growing Family Business
avatar

Millennials in the workforce: Do family businesses need to worry?
avatar

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 [...]

Comments Off on Millennials in the workforce: Do family businesses need to worry?
avatar

The Rise and Rise of Family Firms
avatar

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 [...]

Comments Off on The Rise and Rise of Family Firms
avatar

Future-Proofing A Family Business: The Art of Drafting Family Constitutions
avatar

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 [...]

Comments Off on Future-Proofing A Family Business: The Art of Drafting Family Constitutions
avatar

Planning for Family Business Longevity in Three Steps
avatar

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 [...]

Comments Off on Planning for Family Business Longevity in Three Steps
avatar

What America’s family-owned businesses have learned from the German Mittelstand
avatar

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 [...]

Comments Off on What America’s family-owned businesses have learned from the German Mittelstand
avatar

Dr Pepper Deal Signals Advantage of Family Firms’ Long Term Horizons
avatar

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 [...]

Comments Off on Dr Pepper Deal Signals Advantage of Family Firms’ Long Term Horizons
avatar

The pros and cons of IPOs in family businesses
avatar

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 [...]

Comments Off on The pros and cons of IPOs in family businesses
avatar

Why Family-Business Entrepreneurs Should Embrace Private Equity Funding
avatar

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 [...]

Comments Off on Why Family-Business Entrepreneurs Should Embrace Private Equity Funding
avatar

A Proud Family Business — Burgeson’s Heating and Air Conditioning, Inc.
avatar

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 [...]

Comments Off on A Proud Family Business — Burgeson’s Heating and Air Conditioning, Inc.
avatar

World of Work: Family-owned businesses need to face tough issues
avatar

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 [...]

Comments Off on World of Work: Family-owned businesses need to face tough issues
avatar

Mediterra, a Family Business Built on Bread
avatar

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 [...]

Comments Off on Mediterra, a Family Business Built on Bread
avatar

Dynamics and disruptions: co-investments between venture capital and family business
avatar

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 [...]

Comments Off on Dynamics and disruptions: co-investments between venture capital and family business
avatar

Hire professional managers to grow family business
avatar

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 [...]

Comments Off on Hire professional managers to grow family business
avatar

How to keep a family business running after 200 years
avatar

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, [...]

Comments Off on How to keep a family business running after 200 years
avatar

How the Generation Gap Affects Chinese Business Succession
avatar

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 [...]

Comments Off on How the Generation Gap Affects Chinese Business Succession
avatar

Corporate Governance in the context of family controlled businesses
avatar

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 [...]

Comments Off on Corporate Governance in the context of family controlled businesses
avatar

Like Father, Like Son—Ziad Salloum on Succession in the United Arab Emirates
avatar

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 [...]

Comments Off on Like Father, Like Son—Ziad Salloum on Succession in the United Arab Emirates
avatar

Culture and Professionalisation at Hilti
avatar

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 [...]

Comments Off on Culture and Professionalisation at Hilti
avatar

China Faces Family Business Succession Crisis
avatar

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 [...]

Comments Off on China Faces Family Business Succession Crisis
avatar

How to advise a family business
avatar

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 [...]

Comments Off on How to advise a family business
avatar

Sharing Wisdom: Lessons from successful family dynasties
avatar

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. [...]

Comments Off on Sharing Wisdom: Lessons from successful family dynasties
avatar

Corporate Governance, Business Growth and the role of Independent Directors
avatar

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 [...]

Comments Off on Corporate Governance, Business Growth and the role of Independent Directors
avatar

Propelling a family business forward
avatar

By | November 24, 2017|Family Business|

At a time where many enterprises are still debating about making the move into Industry 4.0, local family business Onn Wah Precision Engineering is already powering ahead. Ambitious plans that managing director Lam Keng Yew, a second-generation business owner, has in the works include 3D [...]

Comments Off on Propelling a family business forward
avatar

From rock bottom to a £10m family business in Gloucestershire
avatar

By | November 20, 2017|Family Business|

Here is a question – especially for self-made businessmen and women. A man spends a decade building a business to a £10million plus turnover and then goes on holiday leaving in charge a management team with an average age less than 21. He is away [...]

Comments Off on From rock bottom to a £10m family business in Gloucestershire
avatar

The world’s best CEO runs a family business – his example is influencing others
avatar

By | November 20, 2017|Family Business|

Pablo Isla, the CEO of Inditex, has just been nominated as the best boss in the world by the Harvard Business Review. His success looks to be influencing other family businesses in his home country to rely more on outsiders to run their businesses. Isla, [...]

Comments Off on The world’s best CEO runs a family business – his example is influencing others
avatar

Family business succession: from dream to reality
avatar

By | November 13, 2017|Family Business|

A study by the EDHEC Family Business Centre shows the rate of intra-family business succession in France is below 20%. While the tax environment exerts a significant impact on the low rate of family succession, it represents only the tip of the iceberg. Researchers agree [...]

Comments Off on Family business succession: from dream to reality
avatar

The Common Traps of Working in Your Family’s Business
avatar

By | November 13, 2017|Family Business|

“What’s wrong — is the company going bankrupt? Are we being sold?” For Charlie, who had joined his family’s bakery business two years after getting his MBA and earning his stripes at another company, this question from the plant manager came out of the blue. [...]

Comments Off on The Common Traps of Working in Your Family’s Business
avatar

A great example of entrepreneurship from the grandest of families
avatar

By | November 3, 2017|Family Business|

Whether true or not, blue bloods in America and aristocrats in Europe have a reputation of blowing fortunes. When you’ve got everything the material world offers entrepreneurship isn’t a priority and fortunes can disappear fast. But no so for the scion of one of America’s [...]

Comments Off on A great example of entrepreneurship from the grandest of families
avatar

Why family businesses outperform their publicly traded rivals
avatar

By | October 30, 2017|Family Business|

Watching New Economy starlets like Amazon steal all the headlines, it would be easy to assume family empires are a dying breed, rapidly being replaced by corporations where meritocracy rules, capital runs free, ownership is traded swiftly and the financials are posted for all to [...]

Comments Off on Why family businesses outperform their publicly traded rivals
avatar

Family togetherness and the factors leading to greater individual choice
avatar

By | October 20, 2017|Family Business|

The concept of family togetherness has changed considerably in the Indian context in the past few decades. India was a largely holistic society in which people lived in large joint families. They shared their roof, wealth, occupation and emotions with all other members of the [...]

Comments Off on Family togetherness and the factors leading to greater individual choice
avatar
Load More Posts