avatar

About Team - Thomas Schmidheiny Centre for Family Enterprise

This author has not yet filled in any details.
So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 218 blog entries.

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 [...]

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 wealth, they must initiate governance and succession at the onset [...]

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 1st generation to the 2nd because the underlying goals are [...]

Family business not necessarily nepotism

By | August 16, 2017|Family Business|

Given the uproar over Ivanka Trump’s sitting in for her father at the “adult’s table” at the G-20 summit in Hamburg, Germany, earlier this summer, why it is that we seem so eager to cry “nepotism” where family enterprise is concerned. What is it, exactly, that certain segments of America find so threatening about such [...]

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 accomplished. If you know down deep that your next generation [...]

Load More Posts