Wealth & Purpose: Creating Positive Returns

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 be a force for good. For community, for society, for [...]

From entrepreneurship to family business

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 Stanfield took over the helm of the company that his [...]

Professional CEOs Successful in Legacy Companies when Promoters Move Beyond ‘I, Me, Myself’

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 “founders” and choose the forum wisely. Unceremonious exits of Cyrus [...]

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, systems, and processes of a modern corporation. Yet in many [...]

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 their company contends with disruptive change in the retail sector. [...]

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 executive of famous ginger beer brewer Bundaberg Brewed Drinks, said [...]

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