Issue 23, August 2014 – #GenY and the Family Business

Issue 23, August 2014 – #GenY and the Family Business

This issue of Tharawat Magazine covers Generation Y, also known as the Millennial Generation. 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 who have so successfully adopted the latest advances in technology. We decided to do our own research and interviewed seven Gen Y members from all over the world, and also explore the tools that Gen Y members can employ as they join their family businesses.

Articles

images/TmagArticleImages/2014/2014-08-01-iglesias1.jpg cardboard

Legacy in a Cardboard Box – Cartonajes VIR

Interview with Inaciu Iglesias, CEO of Cartonajes VIR, Spain When one opens a cardboard box the key concern is usually what awaits inside whilst the container itself is quickly discarded. Despite this widely held notion,...
SMEs

SMEs Driving the Competitiveness of Nations

Even though globally small and medium sized enterprises (SMEs) are recognised to be instrumental to private sector growth, creation of employment and the driving of innovation, their role still often goes unrecognised. However, the...
decision

To Join or Not to Join the Family Business – The Big Decision

How to untangle your thinking Joining the family business can be a momentous decision. When next generation members finish school or university they are often faced with the choice between applying for a job or...
zubair

The Art of Business – The Zubair Corporation

Interview with Abdullah Al Zubair, The Zubair Corporation, Oman The Zubair Corporation is one of Oman’s largest privately-owned conglomerates. Founded by H.E. Mohammad Al Zubair over 40 years ago, the family business’ activities span across...
change

How to Drive Change in the Family Business – The Quest of Generation Y

Encountering resistance to change has often caused the young members of a family to feel reluctant to join the family business. For the same reason some prefer to leave after only a few years...

Be Yourself – Anel Holding

Interview with Şirin Çelikel and Kerem Çelikel, Anel Holding, Turkey Anel Holding was founded in Turkey in 1986. By 2013 the construction company reported sales of over $230 million. With the conglomerate’s core business activity...
alvarez - BTW holding

The Return – BTW Holding

Interview with Juan Alvarez, BTW Holding, Colombia Sometimes deciding between the decision of joining the family business or opting not to weighs heavily on younger members of the family due to how definitive such a...
gupta mpil

Bending Steel – MPIL

 Interview with Priyanka Gupta, Executive Director, MPIL, India Indian steel contractor Ashwani Gupta founder always wanted his children to join him in his business. But whether he knew what exponential growth the business would know...

Touch Wood – Brenner

Interview with Andreas Brenner, Brenner, Germany For over half a century, the Brenner family business has specialised in optimising the stream of rest wood, recycled wood and biomass between customers and suppliers. The German family...
middle son

The Middle Son

Interview with Ahmad Alangari, Al Gihaz Pioneering Saudi entrepreneur Saeed Alangari started a small contracting business in the Kingdom’s electrical energy sector in the 1970s. Alangari invited his eldest son Sami aboard in 2000 and...
generation Y

Generation Y in the Family Business – Unleashing the Potential

With their ear buds and smart phones, young millennials are omnipresent; constantly in touch with the world and each other, sharing information and experiences, and adopting new technology at a fast pace. Also known...
pisa

The Leading Ladies of Pisa Orologeria

 Interview with Maristella and Chiara Pisa Located in the heart of Milan, the Via Pietro Verri and the Via Montenapoleone are reminiscent of an elegant past. The neighbourhood once hosted the great families of Italian...
harbi

History Under Construction – The Al Harbi Family Business

Interview with Fayez Al Harbi, Managing Director of Al Harbi Holding, KSA Third generation Saudi family business Al Harbi Holding was founded in 1965 and has since evolved from a construction company into a diversified...