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About Team - Thomas Schmidheiny Centre for Family Enterprise

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So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 260 blog entries.

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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Propelling a family business forward
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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 [...]

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From rock bottom to a £10m family business in Gloucestershire
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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 [...]

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The world’s best CEO runs a family business – his example is influencing others
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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, [...]

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Family business succession: from dream to reality
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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 [...]

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The Common Traps of Working in Your Family’s Business
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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. [...]

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A great example of entrepreneurship from the grandest of families
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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 [...]

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Why family businesses outperform their publicly traded rivals
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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 [...]

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Family togetherness and the factors leading to greater individual choice
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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 [...]

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Transitioning entrepreneurial ventures into family businesses
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By | October 20, 2017|Family Business|

Statistics show that family businesses employ about 80% of the labor market. Although it may be difficult to distinguish family from nonfamily businesses, in Asia (as in the rest of the world) businesses are predominantly family-owned. The character of a business changes when professionals come [...]

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Challenges faced by Family Businesses in India
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By | October 13, 2017|Family Business|

In study done by the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business, significant trends in transition in family businesses were noticed. Leadership in family business seems to be undergoing a phenomenal change. While earlier it was autocratic, now it is [...]

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A family office in tune with the world of Africa’s startups…and much more
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By | October 13, 2017|Family Business|

Singularity, the private investment office of the Nigerian-based Dawlish family, is one of a handful of family offices based in Africa that’s investing directly in the continent’s vibrant startups. Since it was set up three years ago, Singularity has made more than 14 direct investments, [...]

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Focus on competence, not dynastic succession
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By | October 9, 2017|Family Business|

It is very difficult to generalise and say that dynastic succession is bad for family firms. In the end, firms that are well-governed and professionally managed, irrespective of being family-managed or not, are the ones that are sustainable. It is easier for the incumbent family [...]

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Using Employment Plans to Prevent Succession Setbacks in a Family Business
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By | October 9, 2017|Family Business|

It's our belief that a significant percentage of family business failures are a byproduct of families and their advisers having given comparatively much less attention to the antecedent imperative to succession planning- employment planning. Without thoughtful employment planning, families increase the risk of succession planning [...]

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Next generation of family business leaders embracing digital change, but facing hurdles
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By | October 3, 2017|Family Business|

PwC conducted in-depth conversations with 35 next gens from 21 countries and polled more than 100 additional next gens for its new report, Same passion, different paths: How the next generation of family business leaders are making their mark. ​ The results showed an incoming [...]

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Liberalisation led to the Rise of Stand Alone Family Firms
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By | October 3, 2017|Family Business|

Indian family businesses flourished and contributed significantly to the growth of the economy in the post liberalisation era   A study conducted by the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business (ISB) reveals that liberalisation led to the rise of [...]

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Wealth & Purpose: Creating Positive Returns
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By | September 22, 2017|Family Business|

In 2008, after 27 years of working for his sixth-generation family business that founded the C&A clothing retail chain, family entrepreneur Stephen Brenninkmeijer, created Willows Investments. He discusses funding and supporting promising ventures with a social mission. What is the mission of your family? To [...]

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From entrepreneurship to family business
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By | September 22, 2017|Family Business|

The legacy of Stanfield's: Like most great entrepreneurs, Charles Stanfield was part inventor, part marketer and part gambler. When he started his textile business in 1856, the Maritimes were fertile ground for success — a fresh start from his native England. Four years ago Jon [...]

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Professional CEOs Successful in Legacy Companies when Promoters Move Beyond ‘I, Me, Myself’
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By | September 15, 2017|Family Business|

This article was first published in www.news18.com on August 21, 2017; Authors- Nupur Pavan Bang and Kavil Ramachandran Founder shareholders have the right to question the CEO if the performance is not up to the mark. But they must realize their special status as the [...]

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Dilhan C Fernando: The Next Gen Brewing Ambition at Dilmah Tea
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By | September 8, 2017|Family Business|

Dilhan Fernando is a man of faith on many levels. The youngest son of the founder of Dilmah Tea has faith in the quality of the genuine Ceylon tea they produce, faith in the philanthropic Christian tenets his father raised in him and he instils [...]

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A Founder’s Guide to Professionalizing a Family Business
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By | September 8, 2017|Family Business|

The founder of every thriving family business faces an inevitable question: How should our ways of working evolve to meet the challenges of managing a growing company? Experts typically tell founders that the answer is to professionalize, meaning that they should emulate the structures, governance, [...]

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Families aim for more control at Ford, Nordstrom
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By | September 1, 2017|Family Business|

Bill Ford, executive chairman of Ford Motor and great-grandson of founder Henry Ford, feels he didn’t get buy-in for his ideas and has installed a new CEO who he hopes will carry out his vision. The Nordstrom family is exploring taking Nordstrom Inc. private as [...]

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How three family-run Australian brands became global businesses
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By | September 1, 2017|Family Business|

Lucas' Papaw, Bundaberg Brewed Drinks, Blackmores. If not household items, these brands are certainly easy to find in pharmacies and supermarkets across Australia. All three businesses are still family owned. Their number of employees range from 30 to more than 1000, but John McLean, chief [...]

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Businesses must aspire to reach 100 years
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By | August 24, 2017|Family Business|

Family businesses face major challenges in working through ownership and management succession and family business leaders acknowledge the problem. However, few know where and how to develop a governance and succession plan. Visionaries need not go through the same periods of adversity. To preserve their [...]

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Clear vision and unity key for Sri Lanka’s family businesses
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By | August 24, 2017|Family Business|

Sri Lanka’s family business continuity will depend on their ability to have a clear vision and retaining family unity, business leader Shiromal Cooray said. “The failure to articulate the vision of the business in writing can be especially problematic as a company transitions from the [...]

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