Although family firms are thought of as conservative about change, family business models take advantage of the growing globalisation of the business world.
Identifying the resources needed for business growth is not a problem for many businesses; the problem is finding the right way of acquiring them.
Family business leaders are generally patriarchs (or matriarchs) and as such they care about achieving business success as well as fostering overall family success.
According to the 2013 KPMG and FBA Family Business Survey, 72 per cent of family businesses reported they felt they were outperforming their competitors in the area of productivity.
Continuous advancements and improvements in the various fields of technology present small and family-run businesses with numerous opportunities to improve processes and business practices.
Your business has transitioned from a start-up to an established small to medium family-run enterprise, but how do you know whether now is the time to pursue growth?
In spite of the risks involved, companies around the world continue to expand their operations into emerging markets, seeing it as key to their future success.
Few people enjoy conflict – whether it be some form of confrontation or even just voicing disagreement – but sometimes conflict can be the catalyst that brings longstanding issues to a head, and then they’re aired and actually dealt with, to be resolved.
A recent international survey found that 76% of small business owners don’t have a succession plan, 45% are still trying to determine what the plan would be, and the other 31% just haven’t got to it.
In “Family Business Survival and the Role of Boards”, researchers explore the question of whether family firms are more likely to survive than non-family firms, focusing on the role of board composition.
Company X is a leading integrated private medical service provider in the UAE, offering primary, secondary, and tertiary care through three hospitals and seven medical centres (including ancillary support facilities and pharmacies).
Family Business is said to be the backbone of Asian economies, driving growth and private wealth creation for the region.
Working hard to get your family business off the ground? South Africa lays claim to a host of successful family businesses in varied fields, from retailing and mining, to fast food and health and wellness.
Following Raphael (Raffi) Amit’s speech in Shanghai to a group of entrepreneurs on the costs and benefits associated with a range of mechanisms used by families to maintain voting control of their firms, Amit answered questions from the audience.
If one follows the media or attends business school, it looks like the recipe for success in the business world is dominated by large public companies, engaging in M&A strategies, outsourcing parts of the value chain.