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Profit for a purpose and not greed
NEXT GENERATION Many “next gens” are thinking beyond the bottom line and want to ensure that their businesses make the world a better place, as well as making money, writes Jeremy Hazlehurst When...
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Past, present, future: passing the baton to a new generation
STEWARDSHIP Professor Randel S. Carlock, Berghmans Lhoist chaired professor in entrepreneurial leadership at Wendel International Centre for Family Enterprise, discusses the values of stewardship and...
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Sustainable business for long-term success and increased profit
OVERVIEW As more than 750 chairmen, chief executives and directors from some of the world’s leading businesses meet in London this week, Mark Hastings, director general of the Institute for Family...
View ArticleFamily office or business? Where to put your money
Family businesses and family offices may start out hand-in-hand, both focused on sustainable investment growth. But as they grow, investment strategies diverge and the recent economic downturn has...
View ArticleBagging increased sales through social media
In 2008 Julie Deane was desperate to find a way to pay for her childrens’ private school fees. She came up with a retro-style, vivid-coloured leather school bag. Setting up the Cambridge Satchel...
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Family business minister would promote growth
For a sector with a turnover equivalent to the EU’s trade with India, family business is too often overlooked by government. That may be partly because it is unclear whether or not family business is a...
View ArticleYes-no debate over the best business model
YES: PROFESSOR JOACHIM SCHWASS The first step is to define family business. The approach practiced by IMD is essentially qualitative and future oriented: a business controlled and influenced by one or...
View ArticleLong-term commitment is good for business when times are hard
Doing the right thing is not always seen as a route to business success. But for the family businesses surveyed in a new report from Ernst & Young, in collaboration with the Family Business...
View ArticleIndian family firms treading path between tradition and modernity
When Aditya Burman graduated from the University of Kansas in 2004, he was expected to follow family tradition and join Dabur, the family consumer goods business, as an executive. The young Burman,...
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