Gender Pay Gap: Family Businesses Vow to Do Better

By | March 30, 2018|Family Business|

With just days to go until all major UK employers have to reveal the difference between what they pay men and women, several of the country’s biggest family firms say they are committed to doing better. In 2017 the UK government introduced regulations requiring businesses with more than 250 employees to publish their gender pay [...]

Positioning Your Family Business for Transition: A quick guide for business owners

By | March 30, 2018|Family Business|

Family business owners, regardless of industry, share common issues. Most agree that by the end of the journey, they want to have leveraged the work of a lifetime to support their future lifestyle. Many business owners struggle to figure out what to do with their company and how to plan effectively for the next stage [...]

You Need These 4 Attributes to Successfully Take Over A Family Business

By | March 23, 2018|Family Business|

Li Ka-shing’s son Victor has a lot to live up to. Here’s how he, and any successor to a family business, can make a success of keeping it in the family “In the traditional Chinese way of doing things, control of the business is always passed on to the first-born son,” says Roger King, an [...]

Li Ka-shing Cedes a Sprawling Empire to his Son

By | March 23, 2018|Family Business|

“TOO long” was how Li Ka-shing, known fondly by locals as chiu yan (Superman) for his business nous, described his working life when he announced on March 16th that he would be retiring in May. Asia’s pre-eminent dealmaker has been around for longer than his fictional namesake, scoring and selling assets in ports, telecoms, retail [...]

Family Business Succession takes a lot of Planning

By | March 20, 2018|Family Business|

Experts estimated that there are 5.5 million family businesses in the United States that contribute $8.3 trillion to the economy, employ 63 percent of the workforce and account for 57 percent of U.S. gross domestic product and 78 percent of new job creation. But Anne Smart, director of The Family Business Center of the Quinlan [...]

St. Helena’s CK Mondavi and Family introduces Fourth Generation

By | March 20, 2018|Family Business|

On Monday, C. Mondavi & Family announced that the next generation of the Mondavi family is officially increasing its involvement in the family’s business. This increased involvement focuses on the CK Mondavi and Family brand with the inclusion of this fourth generation as shareholders in the family owned company. In June 2017 it added members [...]

How to Keep the Entrepreneurial Drive in a Growing Family Business

By | March 13, 2018|Family Business|

Economist Joseph Schumpeter famously identified owner-entrepreneurs as key enablers of economic development. But, once entrepreneurial companies evolve into family firms, can they maintain that positive role in society? Family-owned businesses are often portrayed as the engine of the private sector—pointing at advantages such as faster decision making, a more integrated management style, long-term mindset or [...]

Millennials in the workforce: Do family businesses need to worry?

By | March 5, 2018|Family Business|

How to attract, select and retain talent is a challenge for both family and nonfamily businesses but even more so in family businesses because of the complexity of the intertwined relationship between the family and the business systems. Millennials have surpassed the previous generation in the workforce in the United States. Do businesses need to [...]

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