After years of working alongside her parents, Parima Ijaz founded her own company as an extension of the original business. In this Forbes article, she offers five insights for people who are contemplating joining the family firm, including the importance of confidence, humility and a collaborative approach. Tips For Working With Family and Continuing Your […]
Family firms see their largest growth increase in 15 years
Family-owned firms reported their largest growth increase in 15 years according to the 11th PwC Global Family Business Survey, carried out across 82 countries between October 2022 and January 2023. Strong values, employee communication and digital capabilities are among the traits shared by top-performing family firms. PwC Global Family Business Survey Homepage image: Jonathan […]
How family firms are guiding the sustainability journey
Stakeholder capitalism has gone mainstream with the rise of the sustainability agenda. For family businesses, the fundamentals of shared value are well-known and woven throughout the family capitalism business model. As explored in the newly released KMPG report “A Road Well-Traveled,” family businesses have a unique opportunity to take a leadership role in guiding others […]
The purpose of work: when productivity becomes a religion
Guest contributor: Carolyn Chen Sociologist · Author · Professor of Ethnic Studies, University of California-Berkeley · Co-Director of the Berkeley Center for the Study of Religion Much has been written about the role of purpose in the realm of family business. But what happens when organizations take it too far? Prof. Carolyn Chen explores the […]
The (ir)resistible lure of joining the family firm
From small businesses to large-scale multinationals, most of the world’s enterprises are family-owned. For their heirs, joining the family business isn’t always a given, with many opting to develop their careers outside the organization. This article in The Economist touches on some of its pros and cons. The resistible lure of the family firm […]
Roqueta Origen, a legacy of wine-growing entrepreneurs
Ramon Roqueta Segalés is a winemaker, agricultural engineer and CEO of the Roqueta Origen Group. A fifth-generation member of “wine-growing entrepreneurs,” he shares how the business has grown since its creation in the 12th century. I have the privilege of leading the Roqueta Origen group, a group of small wineries with distinct brands and identities. […]
Juste Group, strategic renewal in the family business
Inés Juste presides the Juste Group, a chemical-pharmaceutical company founded by her great-grandfather more than a century ago. In its fourth generation, the firm is a global reference thanks to its entrepreneurial spirit, innovative character and vocation for continuity between generations. The Juste Group was established in 1922 by my great-grandfather Rafael Juste Castán. A […]
Family enterprises are outstripping the global economy
According to the 2023 EY and University of St.Gallen Family Business Index, the largest family enterprises are growing faster than the global economy: 10% compared to the world’s 6%. Once again, the Index highlights the huge contribution of the world’s largest 500 family enterprises as a global economic driver. How the largest family enterprises are […]
Why Building Trust Benefits Your Company
Trust has been the crux of economic exchanges since the creation of the world’s first marketplaces millennia ago. While several research studies have focused on trust in bilateral relationships, less is known about its broader social and economic ramifications and the specific role of family businesses. In this Forbes article, IESE Prof. Jeroen Neckebrouck shares […]
5 strategies for a new model of family business
As Heraclitus said more than two millennia ago, “Nothing is permanent except change,” yet the very nature of change has shifted dramatically in today’s volatile, hyperconnected and fast-paced world. Family firms are generally better equipped to weather the storm thanks to their comparatively longer-term perspective and financial resilience. Yet other traits aren’t as positive, says […]
