Unicorn India Ventures is a venture capital firm founded by Anil Joshi and Bhaskar Majumdar. It has recently got a commitment from the India Aspiration Fund, a Rs 2,000-crore fund of funds, managed by the Small Industries Development Bank of India (SIDBI). Unicorn plans to invest in the early stage in 30 companies over the [...]
As per the recently published report titled ‘Edelman Trust Barometer 2016’, family-owned companies (66%) held their top spot as the most trusted businesses globally, trailed by public (52%) and state-owned (46%) businesses. Edelman, a communications company, surveyed more than 33,000 respondents in 28 countries for the report. The 2016 Edelman Trust Barometer is the firm’s [...]
In the increasingly competitive arena of support services aimed at small and medium enterprises (SMEs), the Big Four accounting firms in Singapore are flexing their muscles, with dedicated teams and expanded services. A significant proportion of Singapore's total SME population are either entrepreneurs or family businesses and more than half of the small to mid-cap [...]
As per a recent survey conducted by PwC and the Singapore Chinese Chamber of Commerce and Industry, 65 per cent of family businesses in Singapore are of the opinion that attracting talent is the biggest challenge, followed by succession planning. These results are important considering that over a third of Singapore's family businesses in Singapore [...]
As per a recent survey conducted by EY titled, ‘Coming home or breaking free? A closer look at the succession intentions of next-generation family business members’, family businesses globally are facing a succession challenge as more and more young graduates turn to the outside world for opportunities. The study finds that only 3.5% of all [...]
The Schindler Group is a manufacturer of escalators, elevators and moving walkways worldwide, founded in Switzerland in 1874, by Robert Schindler and Eduard Villiger. The company is present in more than 140 countries and employs more than 54,000 persons worldwide. In 2014, the company had revenues of CHF 10,000 million. After 40 years on the [...]
LVMH is a European multinational luxury goods conglomerate, headquartered in Paris, France. It owns a portfolio of luxury brands that includes Louis Vuitton, Dom Perignon and Veuve Clicquot. It is currently owned by the Arnault family and led by the French businessman Bernard Arnault, who is also the principal of the French family office Groupe [...]
At one point of time passing on the family business to the next generation was considered important. It involved preservation of the family legacy and heritage. It seems, times are changing and with them the priorities are changing as well. Families are slowly recognizing the entrepreneurial orientation of their next generation. Hence rather than forcing [...]
Wanda Group is a Chinese conglomerate and China’s biggest private property developer. It is owned by Chinese billionaire Wang Jianlin, whose other assets include a 20% stake in Spanish football team Atletico Madrid, as well as the Ironman Triathlons. He founded the company in 1988 and according to Forbes is now worth $28.3 billion dollars, [...]
People growing up in a family business environment can often develop blind spots. During the recent Smart Business 2015 Family Business Conference, four family business leaders discussed how to address these blind spots. They came up with the following four suggestions: Seeing the unseen. An external observer or a board of advisors, not involved in [...]