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So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 367 blog entries.

Dilhan C Fernando: The Next Gen Brewing Ambition at Dilmah Tea

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

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

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

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

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

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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MAKING CENTS: Enhancing the odds of successful family business succession

By | August 16, 2017|Family Business|

The odds of successfully transitioning a business from one generation to the next are extremely low. In fact, as each new generation ages to the point of needing a successor, it is even less likely that a transition to the next generation can be successfully [...]

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Family businesses need to innovate through the ranks

By | August 7, 2017|Family Business|

Innovation needs to be more pervasive amongst all levels of staff in family businesses, according to professional services firm KPMG Singapore. Recent research by the firm shows that innovation is currently mostly limited to founders and senior people in a family business when it is [...]

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Great Investors Debate – Should You Be Investing In Family-Controlled Businesses?

By | July 28, 2017|Family Business|

Companies in which founders and their families hold controlling stakes have the rare ability to maintain a long-term view. That can be a huge advantage, particularly when it comes to capital allocation. Should you be investing alongside them? According to data compiled by the Boston [...]

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Rothschild banking dynasty enters seventh generation

By | July 28, 2017|Family Business|

Reputation matters to all employers, but particularly to a family business that traces its ownership back to the Napoleonic Wars, and has its own money and name on the line with every deal. Signing on with NM Rothschild & Sons has the rider that being [...]

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Family Charter and succession planning

By | July 21, 2017|Family Business|

Family-owned businesses reaching a milestone of more than 100 years are indeed extraordinary, and Royal Selangor, a Malaysian company of Chinese descent that started in the 1880s, has proven that with a well-crafted Family Charter (constitution) and a timely succession process, the family business can [...]

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Modernising Bata’s 123 year-old family business one step at a time

By | July 14, 2017|Family Business|

The T. & A. Bata Shoe Company was founded in the late 1800s in the Czech Republic by Tomas Bata, his brother Antonin and his sister Anna. They came from a long generation of cobblers. The family-owned international business saw its tentacles spread in the [...]

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Leadership is vital to ensure family businesses keep thriving

By | July 14, 2017|Family Business|

It is difficult to overstate how important family businesses are. Some two-thirds of UK businesses are family-owned – 4.7 million in total. They employ more than 12 million people, approaching half of all people employed in the private sector. They generate more than a quarter [...]

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Up Close and Personal: Perspectives on Asian Family Offices

By | July 7, 2017|Family Business|

With assets still predominately held by the first and second generations, the heads of most wealthy Asian families remain as key decision makers and they are often keen to stay actively involved in managing their own assets. This is despite the fact that many of [...]

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This Company Grew to $70 Million When the Kids Took Over for Mom and Dad

By | July 7, 2017|Family Business|

Teddy Fong runs Million Dollar Baby, a $70 million children's furniture wholesaler his parents, Daniel and Maryann Fong, started in 1990. Almost three decades ago, Daniel Fong was a venture capitalist with an urge to start a company. He did some research and bought and [...]

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Algorithms will push investors into private companies – and family offices will lead the charge

By | June 30, 2017|Family Business|

The investment push into private companies is one of the big investment themes of the post-financial crisis, and its just getting going. This view was reinforced by what Robert Soros, the son of one of the great investment gurus of the last 50 years, George [...]

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Overcoming the third generation conundrum

By | June 23, 2017|Family Business|

It has been said that the first generation accumulates, the second preserves and the third squanders. And experienced bankers have seen their fair share of corporate family-based customers, so promising in earlier generations, lose direction or even implode when the grandchildren take over. Recognising the [...]

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British Empire Trust manager focuses on ‘family businesses’ for returns

By | June 23, 2017|Family Business|

Joe Bauernfreund , who runs the £993 million British Empire Investment Trust, has revealed how he is investing in family holding companies to generate returns. The British Empire Investment Trust has increased its dividend for each of the past thirty years. The trust tends to [...]

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Why even fast growth tech firms can be family businesses

By | June 16, 2017|Family Business|

Ve Interactive is the latest high profile name that serves as a reminder that many tech scale-ups have failed. There are many causes, but it shows that the short term goal of making the participators wealthy does not always pay off. A scale-up can engage [...]

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How to turn a start-up into a lasting family business

By | June 13, 2017|Family Business|

As much as 98 per cent of the world’s economic activity is accounted for by family businesses but for many companies, making that transition from entrepreneurship to a smoothly-run family business is difficult, says Allan Cohen, a professor in global leadership at Babson College, a [...]

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Private Equity Attracts New Investments from Family Offices

By | June 5, 2017|Family Business|

Family office principals interviewed by Campden Wealth researchers for the new Private Equity and Co-Investing for Family Offices report, out today, said restricted access to high quality deals, limited team resources, and knowledge gaps were obstacles on direct investments. However, higher expected returns, absence of [...]

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With No Successor for the Family Business, What Should Retiring Baby Boomers Do?

By | May 26, 2017|Family Business|

Imagine a mom and dad at the age of 67 who own a small, but profitable bed and breakfast in New Hampshire. They want to retire soon, but their two kids aren’t interested in taking over the family business. What do they do? As the [...]

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Forbes Middle East Unveils the Top Indian Business Leaders 2017

By | May 19, 2017|Family Business|

The business magazine Forbes-Middle East released the 2017 rankings for the top 100 Indian business owners in the Gulf region. The 61 year old retail magnate, Yusuff Ali M.A., Managing Director of Lulu Group International, came at the top of the list. Yusuff Ali hails [...]

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Bollore makes first step to merge Vivendi and Havas with 2.4 billion euro deal

By | May 19, 2017|Family Business|

The French tycoon, Vincent Bollore, aims to merge the media giant Vivendi and advertising firm Havas, the two groups that his family conglomerate controls. As per the merger plan, Vivendi offers to buy Group Bollore's 60 percent stake in Havas at a price of 9.25 [...]

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Kushner Properties Markets New Jersey Project to Rich Chinese

By | May 12, 2017|Family Business|

Nicole Kushner Meyer, the next generation member of the Kushner properties group, invited rich Chinese investors to make investments in the group's luxury apartment complex Kushner 1, in New Jersey. She gave presentations to rich Chinese citizens and urged them to invest USD 500,000 in [...]

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Nisaba Godrej elevated as Godrej Consumer’s Chairperson

By | May 12, 2017|Family Business|

The 120 year old, Mumbai based Godrej Group's flagship company Godrej Consumer Products Limited (GCPL) gets a new Chairman. The company has appointed Nisaba Godrej, Chairman Adi Godrej's younger daughter as its executive chairman. According to the succession plan, the 75 years old patriarch, Adi [...]

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Huntsman family and Koch foundation give $50 million Gift to Utah State University’s Business School

By | May 12, 2017|Family Business|

Two family foundations are to gift USD 25mn each to the business school of the Utah State University. The gift from the Huntsman Foundation and Charles Koch Foundation will help the school expand its faculty and increase its student scholarship offers. The money will be [...]

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Arnault Family to Take Full Control of Christian Dior in $13bn Deal

By | May 2, 2017|Family Business|

The Arnault family, which controls the French luxury products maker, LVMH Louis Vuitton Moët Hennessy SE, announced a $13bn plan to buy the 25.9% outstanding stake of the fashion firm Christian Dior SE. With this, the Arnault family will take complete control of Christian Dior. [...]

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Admit your family business needs help before it’s too late

By | April 25, 2017|Family Business|

In a 2007 article published in the New York Times, author Nora Klaver of May Day! Asking for Help in Times of Need says that asking for help “makes business sense.” Yet, it is rare that small-business owners — especially family owned businesses — will [...]

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Australia: Family business succession: When to pass control? Watch out for tax and duty traps.

By | April 25, 2017|Family Business|

A common question for family business succession, and particularly for primary production family business, is when control of the business should be passed to the next generation, without risking the valuable assets of the business if something goes wrong. Unfortunately, it is far too common [...]

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CSR a key element for success at top family businesses

By | April 7, 2017|Family Business|

Fast-growing, mid-sized family businesses around the world have identified corporate social responsibility (CSR) as an important element for their success, according to a joint report by Citi Private Bank and UK-based family business information provider Campden Wealth Research. The report, entitled The Top 50 Global [...]

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The growing interest of innovation at family businesses

By | April 7, 2017|Family Business|

It strikes me that one of the most interesting areas of research around the world of family enterprises today is innovation. There are a number of reasons for this, but, from my perspective, two stand out. One is obvious and involves how family businesses continue [...]

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Luxury Family Businesses Hermès and LVMH Buck Downward Market Trend

By | March 30, 2017|Family Business|

Hermès and LVMH announcing record profits for 2016 suggests the French family businesses are resuscitating the moribund $1.1 trillion global luxury market despite ongoing political and economic uncertainty. Hermès Group, the French high fashion clothing and accessories manufacturer and retailer started its 180th anniversary in [...]

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Why the 21st Century Will Belong to Family Businesses

By | March 30, 2017|Family Business|

An oft-cited statistic is that only 30% of family businesses make it through the second generation, 10-15% through the third, and 3-5% through the fourth. These are disheartening numbers. But let’s put them in perspective. A study of 25,000 publicly traded companies from 1950 to [...]

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Four Solutions to Taking Control of Your Family Business

By | March 24, 2017|Family Business|

In business, few things can be as stressful as running a company that’s staffed and managed by a mix of family and non-family employees. The constant juggling of family drama, emotions and entitlements conflicting against the needs of your non-familial staff can quickly contribute to [...]

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Wealthiest in the region prioritize capital growth, succession planning

By | March 24, 2017|Family Business|

Amid a politically uncertain landscape, the main concerns for the world’s and the Kingdom of Saudi Arabia’s (KSA) most affluent people are wealth preservation, capital growth and succession planning, according to Knight Frank’s annual Attitudes Survey, produced exclusively for The Wealth Report. The Survey looks [...]

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