This week the Family Business Office, for its twenty fourth edition of Focus On World Family Business Leaders looks at Theo Albrecht JNR second generation heir and son of the co-founder of the worldwide chain supermarket giant ALDI. Also in place to this vast chain is third generation heirs from Theo’s late brother Berthold.
It is no hidden secret that promoting family ownership builds trust.
In our everyday work life, we rely heavily on our partners and suppliers. The value of these relationships is irreplaceable as we realise just how many of these firms are family businesses. Family businesses are drawn to family businesses. But it’s much more than that.
This week the Family Business Office, for its twenty third edition of Focus On World Family Business Leaders looks further afield to one of the wealthiest of family business owners in India – renowned tycoon Azim Premji.
In order to evolve and have a successful legacy, Family businesses need to have a healthy succession process. But we must not mistake “healthy” for “painless.” Sometimes family emotions although expected, are most times woefully underestimated. Succession is a mind game with opposing views from one generation to the next.
This week the Family Business Office, for its 22nd edition of Focus On World Family Business Leaders, goes east and introduces third generation family business heir Güler Sabanci.
The impact of the pandemic could have far reaching consequences and not just on family businesses but invariably on businesses of any nature. More so, a family business as this type of business is closely knit by way of close relationships.
This week the Family Business Office, for its twenty first edition of Focus On World Family Business Leaders rather than concentrate on an individual family business leader brings you fourth generation world leader of wine making company Ernest and Julio Gallo.
As expected, family businesses have emotional attachments, whereby, what comes normal to a regularly governed company in terms of decision making does not necessarily mean that it comes in equal measure when it comes to taking the hard decision with family businesses.
This week Family Business Office, for its twentieth edition of Focus On World Family Business Leaders brings youAndre Hoffman, fourth generation heir of the drug company Roche Holding.
As a family grows in size, there is more diversity of generations, personalities, opinions, and values which can naturally create conflict. While every family is different, being proactive and providing opportunities for engagement, whether they work in the business or not, can be a gamechanger for managing conflict.
