• Culture, Value, and the Family Business

    Mr Subbiah, the presiding head of a Murugappa Group, a family business that had been operating for the last 150 years, once gave a fascinating interview. As it turned out, he had worked out a transition for all the companies in the group from “family managed” to “professionally managed” companies Read More
  • Emotions in the Family Business - Gratitude

    Gratitude is a spontaneous emotion, but not simply an emotional response; it is a choice we make. It is a readiness to express appreciation. Gratitude grows as we develop the ability to recognise the good in our lives. Gratitude is how we remember kindnesses such as cherished interactions with others, Read More
  • Top 10 Largest Family Business in the World

    Family businesses have a major impact on the global economy, and as such, many of the largest companies in the world are family businesses. Tharawat magazine has compiled a list of the top 10 largest family businesses in the world; how many do you recognize? Read More
  • The 4 Side-Effects of Power in the Family Business

    Famed English historian Lord Acton once said, “Power tends to corrupt, and absolute power corrupts absolutely.” The pages of history are filled with political, economic and military greats who, upon amassing great power, succumbed to hubris and their eventual undoing. In the family business paradigm, members of the owning family Read More
  • #GenY - Tharawat magazine Issue 23 is Out!

    Creating the special feature on Generation Y also known as the Millennial Generation has been a rather interesting journey. As much as seems to be known about this generation due to the many studies conducted on the subject, there did not seem to be any clear consensus as to the Read More
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Dubay & Shalden
Tmag23

Issue 23

#GenY

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Tmag22

Issue 22

Economic Impact of Family Businesses

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Tmag21

Issue 21

Conflict and the Family Business

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Tmag20

Issue 20

Art & Family Business

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About Tharawat magazine

Tharawat magazine is a global business publication with a special focus on family firms and entrepreneurship. It is published by Tharawat Media FZ LLC.

 

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From Blog

  • Happy International Family Business Day! +

    Tharawat magazine is pleased to mark and celebrate International Family Business Day. On October 5th, family businesses and family business organizations around the globe will mark the occasion to recognize Read More
  • Introducing the Continuum 2014 Family Business Conference +

    Tharawat magazine is happy to announce Continuum 2014, organised and hosted by our founding partner the Tharawat Family Business Forum. Family businesses members from across the globe are set to Read More
  • #GenY - Tharawat magazine Issue 23 is Out! +

    Publisher's Note Dear readers, Creating the special feature on Generation Y also known as the Millennial Generation has been a rather interesting journey. As much as seems to be known Read More
  • How Watching Football Can Help Your Family Business +

    With the 2014 FIFA World Cup underway in Brazil, the world has been treated to an exciting array of football matches between the nations. While the usual matchups between traditional Read More
  • Launch of the “Good Governance in Family Firms” Report +

    Tharawat magazine’s founding partner the Tharawat Family Business Forum and Gulf based non-profit organisation the Pearl Initiative have launched in an exclusive event in Dubai a case study report on Read More
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And the Award goes to...

The cold weather stood in stark contrast to last week’s heated Family Enterprise Case Competition in Burlington, Vermont. After three days of case analyses and presentations, the lucky few teams that made it into the finals started the last day of the competition by receiving a complex case document on yet another family business conundrum. With only three hours at their disposal to put together an analysis and presentation to impress the distinguished panel of finalist judges, students faced great pressure and team spirit was put to the test.

Amongst the undergraduate finalists were the teams from Asper School of Business (University of Manitoba), Dalhousie University, the University of Vermont Business School, the John Molson School of Business (Concordia University), and Stetson University’s Family Enterprise Center. The teams that made it into the graduates final round were the teams from Kellogg School of Management (Northwestern University) and Jönköping International Business School.

Amongst the jury for the undergraduate panel were noted family business academic Dr. Kelin Gersick, Management Fellow at the Yale School of Management; real estate tycoon and sponsor of the FECC Stephen Ifshin, Chairman of DLC Management Corp.; John Hall, COO of Rachael Ray, Watch Entertainment, Inc.; and Tharawat magazine’s Editor-in-Chief Ramia M. El Agamy. With five undergraduate teams contesting for the FECC cup, the judges had their work cut out for them and were forced to take a few hours of deliberation until the tight competition could come to a satisfactory conclusion.team spirit

On the jury for the graduate jury were FECC sponsors Mark DiMichaelis, CEO and President  of Olivia's Organics and State Garden Inc. & DeMichaelis Properties LLC; James R. Keller, President, Green Mountain Business Consultants; as well as Barbara Spector, Editor-in-Chief of the Family Business Magazine.

To add to the great pressure that the competitors must have felt on this last day, the final round was opened to all the other teams and the whole day the ballroom at the Hilton, Burlington boasted of near to 100 people in the audience. After the presentations were over, the judges withdrew into an isolated room for deliberation and assessment.

The award ceremony that ended the FECC was a cheerful affair and clearly demonstrated the friendships the students had forged during these four, sometimes trying days. Sponsors, ambassadors, and organising committee were honoured and various awards were given out to best presenters, most creative and most fun-to-work-with teams building up the anticipation to the handing over of the FECC cups. Under soaring cheers and applause the cups were finally awarded to the John Molson School of Business in the undergraduate category and to Jönköping International Business School in the graduate competition.

jmbsjönköping

It is safe to say that participants, judges and organisers had great fun during the 2014 FECC and that this unique competition will only grow in years to come symbolising a significant and much needed contribution to the family business field.

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