Family Business Culture – Issue 37, February 2018

Tharawat Magazine Issue 37

Companies that emphasise a strong and consistent culture outperform those that don’t. But what are the ingredients that make up this ineffable sense of belonging and alignment? Undoubtedly it goes beyond office perks and team retreats. In the family business, it may be tempting to think that culture comes naturally, and that DNA is a strong enough bond to ensure a sense of purpose shared by all. But reality says otherwise.

In the first issue of 2018, we explore Family Business Culture and how it manifests itself in different types of outcomes in our Special Features section. Also, we provide insights and share family business stories from Lebanon, France, Peru, Tunisia, Dominican Republic, Argentina, USA, The Netherlands, Australia, Venezuela, and more.

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Articles

Global family business news from all around the world in the quarter ending on February 2018, from Donald Trump's impact on Walmart to H&M's racism scandal. 01 China – China revealed to have the most public family businesses According to the Credit...
Interview with Laurent Mellerio, CEO and Chairman, Mellerio For over 500 years, the Mellerio family has adorned its customers with beautiful jewellery. Hailing from a small town in northern Italy, the Mellerios have achieved remarkable success as the jewellers of...
Interview with Maria Fatté, and Maissa Fatté, Au Gant Rouge On November 9, 2017, representatives from the business, art, and culture scenes gathered at Au Gant Rouge's flagship store in downtown Beirut to celebrate the renowned family company's 150th anniversary....
Interview with Dov Baron, Author, Speaker, and Leadership Coach What are the ingredients of a strong company culture? In most cases, it is the result of hard work, consistency, and accountability; characteristics adopted by owners and employees alike. Family businesses...
Interview with Marlies van Wijhe, CEO of Royal Van Wijhe Verf, The Netherlands What kind of a culture allows a family business to last over 100 years? Royal Van Wijhe Verf BV has been successful in producing paint and paint-related...
Interview with Angelo Perryman, CEO, Perryman Construction, USA When Jimmie Lee Perryman came home from the Korean War to his hometown Evergreen, Alabama, in the early 1950s, he did not return to his previous employment at a bridge building company...
In the 1980s, business academia popularised the concept of corporate culture. Often, these cultures were seen through the prism of a company’s social structure, norms, language, and even dress codes, as exemplified by the typical Wall Street executive that...
Interview with Guillermo Sención, Executive Vice President, Grupo Sención, Dominican Republic In some ways, Grupo Sención could be considered an outlier in its home country, the Dominican Republic; as a multi-generational family business with over 40 years behind it, there...
Interview with Mario, Jose, Juanfran, and Miguel Melgar The Melgar Brothers didn't set out to start a business empire. They didn't intend to create a new healthy eating movement in their country Peru. They didn't try to inspire others to...
At first blush, it was a career move that likely raised a lot of eyebrows. After establishing himself in the horse and polo business, Alejandro Zimmermann decided he wanted to take up cherry growing in Patagonia, Argentina. So why...
An article by Alexander Degwitz M., Chairman Investment Committee, GEM International Services In 1911 my great-grandfather, Samuel Dario Maldonado bought a large tract of land in the wetlands of southern Venezuela to conserve its incredible biodiversity and to create a business that...
Interview with Lea Boyce, Director, Boyce Family Office, Australia Nobody understands a family office like another family office. Husband and wife team Richard and Lea Boyce are living proof: Through their multi-family office Boyce Family Office based out of Melbourne,...
An article by Ali Azouz, PhD Candidate in Management Science, Research interests: Family Business and Entrepreneurship, University of Nantes, France, IAE Nantes, LEMNA. Trust is not decreed, it is deserved and to be maintained For many years, the concept of trust has been the subject...
Interview with Prof. Justin Craig, Director of the Center for Family Enterprises at the Kellogg School of Management at Northwestern University. About 20 years ago, Prof. Lloyd Shefsky approached Dean Don Jacobs of the Kellogg School for Management at Northwestern...
Whether it's Siri, Cortana, or Alexa, it seems talking to virtual entities has become a regular part of our day-to-day lives. What once seemed solely relegated to the realm of science fiction is now very much a reality. The...