Focus on competence, not dynastic succession

By | October 9, 2017|Family Business|

It is very difficult to generalise and say that dynastic succession is bad for family firms. In the end, firms that are well-governed and professionally managed, irrespective of being family-managed or not, are the ones that are sustainable. It is easier for the incumbent family business leader to appoint someone from the family as his [...]

Using Employment Plans to Prevent Succession Setbacks in a Family Business

By | October 9, 2017|Family Business|

It's our belief that a significant percentage of family business failures are a byproduct of families and their advisers having given comparatively much less attention to the antecedent imperative to succession planning- employment planning. Without thoughtful employment planning, families increase the risk of succession planning failures for a variety of reasons, including the possibility that [...]

Next generation of family business leaders embracing digital change, but facing hurdles

By | October 3, 2017|Family Business|

PwC conducted in-depth conversations with 35 next gens from 21 countries and polled more than 100 additional next gens for its new report, Same passion, different paths: How the next generation of family business leaders are making their mark. ​ The results showed an incoming generation of family business leaders confronting generational gaps and culture [...]

Liberalisation led to the Rise of Stand Alone Family Firms

By | October 3, 2017|Family Business|

Indian family businesses flourished and contributed significantly to the growth of the economy in the post liberalisation era   A study conducted by the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business (ISB) reveals that liberalisation led to the rise of Standalone Family Firms (SFFs) in India and they were the [...]

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 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 [...]

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