Good governance in family businesses

By | November 24, 2017|Family Business|

Family-Owned companies in Fiji are a crucial piece of society and the country's corporate landscape. This can be a good thing as family businesses have long been the engine of growth for economies around the world. However, family businesses often have short life spans. To ensure family businesses survive, it is important that the principles [...]

Propelling a family business forward

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 printing, data analytics, and smart factories - where robots and [...]

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

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, CEO and chairman of the Spanish-based retail giant that’s better-known [...]

Family business succession: from dream to reality

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 that succession is undeniably the most emotionally charged process in [...]

The Common Traps of Working in Your Family’s Business

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. He was eager to earn his colleagues’ respect, rather than [...]

A great example of entrepreneurship from the grandest of families

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 grandest families, William Amherst Vanderbilt Cecil, who died this week [...]

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