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Whether we call it CSR, corporate philanthropy, charity impact investment or other, the bottom line is that organizations must take responsibility for their actions and understand the ramifications of their decisions beyond the effects on the shareholders. In family businesses this sense of forward thinking often comes naturally as by its nature it implies a future oriented vision and the goal to become multigenerational. We have dedicated our special feature to social responsibility and to discovering the sustainable...

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Managing emotions in the work place is not a challenge that is faced by family businesses alone. However, to work with family members guarantees that the complexity of personal relationships enters the professional sphere. Like many characteristics of the family business the heightened level of emotions are an advantage and disadvantage at the same time. On the one hand...

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This issue of Tharawat magazine focuses on a topic that is little discussed in the family business field: Disruptive innovation. Disruptive innovation helps create a new market and value network, and eventually disrupts an existing market or industry. It usually comes with the consequence of substituting an earlier solution or technology. We discover why family firms are particularly well equipped to engage in disruptive innovation. Other topics covered in this edition are: Why a family business...

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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 chief characteristics of these young people. We did our own research and interviewed 7 Gen Y members from different countries. Other topics covered in this edition are: Competitive advantages gained through...

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Family-owned firms account for approximately 70% of global GDP, are significant job creators, drive innovation, and are important caretakers of the environment and community. This issue's special feature is dedicated to understanding the impact family businesses have on the economy. Other topics covered in this edition are: Statistical overview of what we know about the global...

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Conflict between family members is one of the main reasons for family business mortality and therefore its mitigation and prevention are of paramount importance. This issue's special feature is dedicated to this sensitive theme including real live cases and expert advice. Other topics covered in this edition are: Women at the helm of family businesses, the role of family businesses in the Spanish economic recovery, entrepreneurial success UAE-based brands in technology and chocolate...

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Our Anniversary Edition has a special focus on the topic “Art and Family Business” whereby we have collected short stories for you of families around the world, who have a strong involvement in the arts or are among the world’s greatest collectors. Other topics covered in this edition are: Implementing corporate governance in the family conglomerate, Malaysian spotlight on best practices in CSR, SME and Entrepreneurial success of Grom, Italy...

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In this issue's special feature we discover that entrepreneurship is not just a driving force during the founding stage of the family business but remains a crucial ingredient throughout the life cycle of the business. Other topics covered in this edition are: The advantages to running a family-owned operation in the competitive luxury industry, defining a niche strategy, becoming...

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In this issue's special feature we highlight the importance of the family business constitution which has long been advocated by experts and successful business families as a crucial tool for longevity. Other topics covered in this edition are: The art of implementing a highly bespoke strategy, secrets behind centuries of family ownership and exquisite products in Italian...

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