Issue 22, May 2014 – The Economic Impact Of Family Business

Issue 22, May 2014 – The Economic Impact Of Family Business

It is estimated that family businesses account for approximately 70% of global GDP, are significant job creators, drive innovation and important caretakers of their communities and environment. This issue of Tharawat Magazine is dedicated to understanding the impact family businesses have on the economy.

Articles

Economic Impact of Family Businesses – A Compilation of Facts

Image source; Pixabay via PexelsThe family business is the most frequently encountered ownership model in the world and their impact on the global economy is considered to be significant. Despite their great...

Economic Impact of Family Businesses – A Compilation of Facts

Image source; Pixabay via PexelsThe family business is the most frequently encountered ownership model in the world and their impact on the global economy is considered to be significant. Despite their great...
Malta

The Family Business Act of Malta: Petitioning on Behalf of the Family Business Cause

Do present conditions allow family businesses to have their full economic impact? Do governments lend business families the support they require to fulfill their role as job creators and innovators? For many countries around...
Korea

The Giants of Korea: The Success Story of the Chaebol

South Korea is among the finest examples of the impact a nation’s family-run businesses can have on the economy. By helping bring about an unparalleled transformation of the South Korean economy between the 1960s...
Tanzania

The Pride of Tanzania: How METL Creates Economic Impact

 Interview with Mohammed Dewji, CEO of METL, Tanzania The picturesque country of Tanzania, home to Mount Kilimanjaro and an abundance of wildlife, lies at the heart of East Africa – its coastal eastern border facing...
ettinger

Ettinger – A Lifetime Dedicated to Craftsmanship

Interview with Robert Ettinger, CEO of Ettinger, United Kingdom Gerry Ettinger founded the British luxury leather goods company Ettinger in 1934 after an accomplished career spent in the Italian and German film industries. In the...

Transforming family relationships: How to bury the weapons and show appreciation

Maintaining good relationships between family members is no easy task and yet it is one of the most important ingredients to the success of a family firm. Family members who are in business together...
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The Nuances of Chilean Family Business

The X-Rray Study of the Centre for Enterprising Families, Universidad del Desarollo Only few nations around the world have managed to formulate the contribution family businesses make to their respective economies in facts and figures....
lagares

Skydiving and the Family Business

 Interview with Josep Lagares, CEO of Metalquimia, Spain Metalquimia was founded in 1971 by the Catalonian Lagares family in Girona, Spain. Today, the company is a global leader in technology and the manufacture of complete...
numa

The Foundation of Family Business

 Interview with Jose Ramon Sanz, Founder of the Fundacion NUMA José Ramón Sanz belongs to the third generation of a business family responsible for automotive giant Dalphimetal, now in its fourth generation. With an abundance...
spain management

Family Business Management in Spain: Lessons from a Thirty-Year Journey

The knowledge community based around family business management has evolved greatly over the past 30 years. Scholars have attempted to find answers to the ever-changing needs of family businesses and trends have come and...
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Trisi and the Intra-Family Business Model: Under the Blossom Tree

Interview with Natascha Zuchouwski, Founder of Trisi and Julian Rotstein, Founder of IBB Amsterdam, The Netherlands At Baselworld the largest jewelry and watches fair in the world, the glamour of the stands representing luxury brands...
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CET Lebanon’s Formula for Success: Two Generations, Two Families

Consolidated Engineering and Trading (CET) is one of Lebanon’s foremost construction businesses. Established in the late 70s by founders Michel Choueiri, Gabriel Choueiri and Adib El-Horr, the business has expanded to include over a...
values

The Luck Companies and the Values Based Leadership Journey

Interview with three generations of a family business Luck Companies, one of the United States’ largest producers of crushed stone, sand and gravel, was founded in 1923, and has thrived under the leadership of three...