• Top 5 findings of PwC's Family Business Survey

    According to PwC’s latest global Family Business Survey, family firms around the world cited external factors such as growing price pressures and increased government regulation as major concerns affecting growth over the next five years. To combat these challenges, family firms have begun shoring up their internal stability by focusing Read More
  • The Oldest Family Business in the World - Japan

    The story of Houshi Ryokan and the Houshi family Video by Fritz Schumann The Awazu Onsen is in many ways no different from any other Japanese hot springs. It is situated in one of the smaller Japanese prefectures and is but one of many onsens scattered throughout the Japanese Islands. Read More
  • 5 Great Apps for Your Family Business

    Multigenerational family businesses have a great responsibility in preserving their heritage and legacy. However, it is equally important to look to the future and remain informed about fast-paced changes new technologies are triggering and how they are affecting strategies for growth. To this effect we have launched the section “Family Read More
  • 3 Traits of Successful Entrepreneurs

    Malcolm Gladwell, the renowned author who has sold over 4 million books and achieved worldwide fame with “The Tipping Point”, always has something new to say. In his 2013 book, “David and Goliath”, Gladwell presented a thought provoking theory that explained how innovators need to be disagreeable people. Building on Read More
  • Of Pots, Pans and Family: Nicolas Audi Catering

    Interview with Karim Audi and Karim Bechara Nicolas Audi is an architect and an artist, but most of all he is a cook. Known for his adventurous cuisine for over 30 years now, Nicolas only recently founded his own official catering business in a small kitchen in Rabieh, Lebanon in Read More
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Issue 25

Emotions in the Family Business

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Issue 24

Disruptive Innovation

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Issue 23


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Issue 22

Economic Impact of Family Businesses

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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

  • The Artist Behind Our Cover - Interview with Francesca Sanna +

    The month of February is an exciting time at Tharawat magazine. As we celebrate our 25th issue with a fresh new look, we are also gearing up for a redesign Read More
  • Announcing the Redesign of Tharawat magazine +

    For the past 6 years, Tharawat magazine has told countless stories of families making their mark around the world through their business endeavors. As we approach the release of our Read More
  • Disruptive Innovation and the Family Business - Tharawat magazine Issue 24 is Out! +

    Dear readers, It seems impossible that 2014 is already drawing to an end and that this is the last issue of Tharawat magazine for this year. To end on a Read More
  • 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
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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.


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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