Family Business

Updates on Family Business

By | October 12, 2018|Family Business|

Who will bell the Cat? http://myimpact.impactmeasurement.co.in/impact/clip_new.php?id=f084c9e7e8864f695a0d0219e380abd9&id2=9c058240ef2752e73d433eb4e246e2d6 Tatas take control of AirAsia India with new CEO Sunil Bhaskaran, board https://www.business-standard.com/article/companies/tatas-take-control-of-airasia-india-with-new-ceo-sunil-bhaskaran-board-118101100091_1.html How a Sindhi family went from running a shop to managing $1.8 bn multinational https://www.hindustantimes.com/business-news/how-a-sindhi-family-went-from-running-a-shop-to-managing-1-8-bn-multinational/story-KEwWC37wENiHY8PPWWAsQI.html How Indian family businesses are taking on MNCs in deodorant industry  [...]

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Updates on Family Business

By | October 5, 2018|Family Business|

How Champions Of Change From The Rising Generation Transform Their Family Businesses - https://www.forbes.com/sites/dennisjaffe/2018/10/03/how-champions-of-change-from-the-rising-generation-transform-their-family-businesses/#175c6f8c5a55 Mukesh Ambani emerges as richest Indian for 11th consecutive year: Forbes - https://economictimes.indiatimes.com/markets/stocks/news/mukesh-ambani-emerges-richest-indian-for-11th-consecutive-year-forbes/articleshow/66063951.cms How Family Businesses can stay Entrepreneurial - http://www.campdenfb.com/article/how-family-businesses-can-stay-entrepreneurial  Encouraging entrepreneurship and innovation in a family business -https://www.lexology.com/library/detail.aspx?g=3f1c1170-1ece-4a8d-a42f-5a2472a9f93e

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Updates on Family Business

By | September 28, 2018|Family Business|

Over 50% of gen-next hope to manage family business -   https://www.livemint.com/Money/STlNmVIicTgO7Wxy4Vzu0H/Over-50-of-gennext-hope-to-manage-family-business.html Tycoons of Tomorrow: Inside the minds of India's future icons http://www.forbesindia.com/article/tycoons-of-tomorrow/tycoons-of-tomorrow-inside-the-minds-of-indias-future-icons/51405/1 Family Businesses Outshine Rivals - http://www.campdenfb.com/article/family-businesses-outshine-rivals-sustainable-investing-bullish Wealth Solutions: Insights for Family Businesses -  https://hubbis.com/article/wealth-solutions-insights-control-and-conflict-in-the-family-business

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News on Family Business

By | September 21, 2018|Family Business|

The key to success and longevity lies in planning - //economictimes.indiatimes.com/articleshow/65850130.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst   Family and conglomerate -  https://www.business-standard.com/article/opinion/family-conglomerates-118091701153_1.html   The future is female : Next generation women in family business, part two -  http://www.campdenfb.com/article/future-female-next-generation-women-family-business-part-two   Two’s company: A sibling survival guide  - https://www.livemint.com/Leisure/SkO4skYW4l0dG60Y516K2J/Twos-company-A-sibling-survival-guide.html   Patriarchs must address GeNext’s needs - //economictimes.indiatimes.com/articleshow/65850438.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Updates on Family Business

By | September 14, 2018|Family Business|

India has third highest number of family-owned mega businesses: Credit Suisse report - https://www.hindustantimes.com/business-news/india-has-third-highest-number-of-family-owned-mega-businesses-credit-suisse-report/story-dbXKdZ6sA4V6Rq3wOXMWFP.html The other Muthoot: True blue heirs - http://www.forbesindia.com/article/boardroom/the-other-muthoot-true-blue-heirs/51265/1 MTR’s story on embracing cultural changes over generations - https://www.peoplematters.in/article/culture/mtrs-story-on-embracing-cultural-changes-over-generations-19220 The Future is Female: Next Generation Women in Family Business - http://www.campdenfb.com/article/future-female-next-generation-women-family-business-part-one

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Family Business Updates

By | September 7, 2018|Family Business|

Aurobindo Pharma buys Sandoz's US business in $900 million deal - https://www.business-standard.com/article/companies/aurobindo-pharma-buys-sandoz-us-business-in-900-million-deal-118090600173_1.html Tata Steel unveils sustainable steel production technology in Europe -https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-unveils-sustainable-steel-production-technology-in-europe/articleshow/65706660.cms Lupin to train over 1,000 graduates for pharma industry - https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/lupin-to-train-over-1000-graduates-for-pharma-industry/articleshow/65705126.cms Pathway to Success for Professionals Working in a Family Business -https://economictimes.indiatimes.com/familybusinessforum/insights/pathway-to-success-for-professionals-working-in-a-family-business/familybusinessforum_show/65686132.cms Why no one [...]

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Family Business Updates

By | August 31, 2018|Family Business|

India's 2nd Largest Real Estate Company partners with Brand Capital - https://economictimes.indiatimes.com/industry/services/advertising/indias-2nd-largest-real-estate-company-partners-with-brand-capital/articleshow/65606423.cms Family businesses: Are they ready for the new normal? - https://economictimes.indiatimes.com/articleshow/65570219.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst How a Family Turned a Barren Hillside Into a $4.4 Billion Property Empire - https://www.bloomberg.com/news/features/2018-08-27/the-kadoorie-family-turned-barren-hillside-into-hong-kong-empire Family businesses can even survive 5 generations [...]

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Family Business News

By | August 27, 2018|Family Business|

Don’t see any impact of trade war, we are winning new orders every day: Baba Kalyani, Bharat Forge -https://economictimes.indiatimes.com/markets/expert-view/dont-see-any-impact-of-trade-war-we-are-winning-new-orders-every-day-baba-kalyani-bharat-forge/articleshow/65338703.cms Her Father let her Join the Family Business only After she Came Back with a Solid Degree and Work Experience - https://www.entrepreneur.com/article/317745 Succession Planning: Indian Family Businesses [...]

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Family Business Updates

By | August 20, 2018|Family Business|

How Srinivas Kamath's gamble on customer service helped Natural Ice Cream grow six-fold - https://economictimes.indiatimes.com/magazines/panache/business-101-how-srinivas-kamaths-gamble-on-customer-service-helped-natural-ice-cream-grow-over-six-fold/articleshow/65237275.cms The Preservation Game: Lombard Odier builds its family services practice in Asia -https://hubbis.com/article/the-preservation-game-lombard-odier-builds-its-family-services-practice-in-asia Planning a succession in India's business families comes with challenges -https://economictimes.indiatimes.com/news/company/corporate-trends/planning-a-succession-in-indias-business-families-comes-with-challenges/articleshow/65331036.cms Family business readings: Living the charter [...]

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Family Business News

By | August 10, 2018|Family Business|

Family Businesses: Promoters’ Skin in the Game 2001-2017 - The research study reveals the pattern of increasing stake of promoters in NSE and BSE listed family firms - http://myimpact.impactmeasurement.co.in/impact/clip_new.php?id=734f5a4d4898224c497ee91b2e953a8f&id2=9c058240ef2752e73d433eb4e246e2d6 A 28-year-old scion is earning the spurs at $13 billion JSW Group - Next Generation leader bringing fresh energy [...]

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Family Business Updates

By | August 3, 2018|Family Business|

Yogesh Agrawal's positivity helped Ajanta Pharma grow from Rs 25-26 cr in '90s to over Rs 9,000 cr- https://economictimes.indiatimes.com/magazines/panache/blast-from-the-past-when-yogesh-agrawal-was-proud-of-ajanta-pharmas-3000-sq-ft-rd-facility-in-1996/articleshow/65142522.cms Manipal group in talks to buy AMRI from Emami for up to Rs 1,000 crore -https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/manipal-group-in-talks-to-buy-amri-from-emami-for-up-to-rs-1000-crore/articleshow/65249892.cms Max Life set to add 145 branches, lines up Rs 250-crore [...]

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Family Business News

By | July 27, 2018|Family Business|

Wipro to acquire India services of US-based Alight Solutions -https://economictimes.indiatimes.com/tech/ites/wipro-to-acquire-india-services-of-us-based-alight-solutions/articleshow/65070540.cms Hindalco arm Novelis to acquire Aleris for $2.58 bn - https://www.business-standard.com/article/pti-stories/hindalco-arm-novelis-to-acquire-aleris-for-2-58-bn-118072600895_1.html UPL has emerged as prime challenger to the four global giants who control most of the agrochemicals market- https://economictimes.indiatimes.com/news/company/corporate-trends/upl-has-emerged-as-prime-challenger-to-the-four-global-giants-who-control-most-of-the-agrochemicals-market/articleshow/65142638.cms New wave of next-generation leaders take charge [...]

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Updates on Family Business

By | July 23, 2018|Family Business|

The Business of Family — The Hindujas -Https://www.moneycontrol.com/news/business/podcast-the-business-of-family-the-hindujas-2732971.html Why Family Philanthropy will Gain Importance in Resolving Today's Challenges-Http://www.forbesindia.com/article/imd-business-school/why-family-philanthropy-will-gain-importance-in-resolving-todays-challenges/50761/1 Tech Savvy Next Gens Urged to Bridge the Family Digital Divide – http://www.campdenfb.com/article/tech-savvy-next-gens-urged-bridge-family-digital-divide Europe has Fewer Family-Run Firms but they’re Worth More  - http://timesofindia.indiatimes.com/articleshow/65065288.cms?Utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Updates on Family Business

By | July 16, 2018|Family Business|

How gen-next is reshaping family businesses while preserving founding culture -https://economictimes.indiatimes.com/news/company/corporate-trends/how-gen-next-is-reshaping-family-businesses-while-preserving-founding-culture/articleshow/64923508.cms Q1 Results: TCS is back, and firing on all cylinders -https://www.livemint.com/Money/jc2NcWoy7C6Ar6dHVp9meO/Q1-Results-TCS-is-back-and-firing-on-all-cylinders.html Big family businesses in Germany put their trust in start-ups- http://www.xinhuanet.com/english/2018-07/12/c_137317736.htm Innovation and family firms - https://www.nst.com.my/opinion/columnists/2018/07/389528/innovation-and-family-firms 3rd-gen entrepreneur Yash Miglani transforming real estate sector [...]

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Updates on Family Business

By | July 6, 2018|Family Business|

Anil Agarwal to delist Vedanta Resources from LSE, offers $1-bn buyout - https://www.business-standard.com/article/companies/vedanta-to-delist-from-lse-agarwal-s-family-trust-makes-cash-buyout-offer-118070200352_1.html   In Three Generations, You Get An Empire. In five, A Dynasty - http://businessworld.in/article/-In-Three-Generations-You-Get-An-Empire-In-five-A-Dynasty-/05-07-2018-154004/   Deepak Parekh Says Succession Planning Imminent At HDFC Companies-  https://www.bloombergquint.com/business/2018/07/04/deepak-parekh-says-succession-planning-imminent-at-hdfc-companies   FB Roundup : LG, CK Hutchison & Ralph Lauren [...]

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Chit Funds business in India, Women’s directorship..here’s some news from the family enterprise world

By | June 29, 2018|Family Business|

Stand alone family business boards are increasingly seeing more involvement from the women of the family. Recent government stipulations have focused on corporate gender parity, especially in directorship. Women directors at family firms face 'competence versus kinship' challenge -https://economictimes.indiatimes.com/articleshow/64741474.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst   Gentleman Babu cannot be anything [...]

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What Can All Business Learn From Family Businesses?

By | June 22, 2018|Family Business|

The state-of-the-art technology with international standards may make you believe the facility belongs to an MNC. In fact, it is an indigenous enterprise of the Jobanputra family, led by the young scion, Raaj Jobanputra. Meet JWL Group's Raaj Jobanputra, the gen-next scion who likes to [...]

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Dividing Funds and resources among family ventures play a vital role: Tata, Emami case study

By | June 15, 2018|Family Business|

 Even as engineering group Kirloskars is negotiating the sale of its flagship business, the family has decided to diversify into the financial services space by launching a new non-banking financial company (NBFC), Kirloskars Capital. To read more about this venture, give the below article a [...]

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Family businesses news from the house of Wipro, Kirloskar and Walmart

By | June 11, 2018|Family Business|

Tariq Premji, the younger son of Wipro chairman Azim Premji, has been appointed to the board of Wipro Enterprises, the $1.23 billion privately held non-IT business that makes soaps such as Santoor and builds aerospace sub-systems for plane makers like Airbus and Boeing. Tariq Premji [...]

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Impact of Outside directors, educated next-Generation in the world of family businesses

By | June 1, 2018|Family Business|

The latest Trend ,being followed is to recruit Outside Directors to run the family businesses, this tactic helps in freeing the business from emotional decisions, the director brings upon his unbiased approach and hence,stability.Read more about this in the link below.. Using outside directors in [...]

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Impact of Family Businesses on Earths’s Sustainability

By | May 25, 2018|Family Business|

In stark contrast to the Public companies,who are focused to deliver positive financial returns to investors,stockholders,family businesses are focused to build a business sustainable over time.In the following article read if the different approach to business handling will have any impact on Earth's Sustainability.? Are [...]

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Your Family Business Won’t Survive If You Don’t Plan for the Leadership Transition

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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.

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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