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Promelsa: The Family Business Mindset of a Peruvian Tech Industry Leader
For over half a century, Lima has had sustained electrical coverage despite corruption, economic turmoil and military interference, thanks in part to a family business: Promelsa. Their dependability, determination and positioning as a model for Peruvian innovation have garnered the longstanding support of their community, whose access to electricity is contingent on Promelsa's sustainability. Following a humble start importing copper...
Reyemsa Peru: Achieving Entrepreneurial Momentum
Orit Pollak struggled to convince her father to hire her. When he finally did, she was able to grow Reyemsa, the family's cold-rolled steel manufacturing business, in ways that he never imagined. Later, when she contemplated leaving the business to pursue an MBA, it was her father that persuaded her to stay – her contributions to Reyemsa were indispensable...
Rossi Boots: The Transformation of a Century-old Legacy
Rossi Boots has had first-hand experience dealing with the unprecedented retail disruption of the last two decades. Their realisation: more than a century designing, manufacturing and delivering high-quality footwear is not enough to guarantee sustainability. In Australia, imported goods and online retail have created a highly competitive global marketplace, diminishing many of the regional benefits local businesses used to enjoy....
Universal Colors: How a Mother and her Daughters became Leaders in an Unlikely Industry
Universal Colors, a Peruvian family business manufacturing protective industrial and marine coatings, knows how to weather a storm. Its founder, Juana Antonia Espinoza Reyes, became cognizant of an opportunity in the marine coatings industry around the turn of the millennium. When her brothers, whom she had previously worked with in a family business setting, baulked at the opportunity, she decided...

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tharawat magazine issue 43

Hiring, Firing and Retaining – Issue 43, August 2019

Like any other business, a family firm is no more and no less than the sum of its human capital. The diverse skills an...
The Future of Craftsmanship - Issue 42

The Future of Craftsmanship – Issue 42, May 2019

Craftsmanship, though hard to define, is immediately discernable. It is the intricate detail of a rare object fashioned with the type of intuitive...
Tharawat Magazine Issue 41

Marketing and the Family Business – Issue 41, February 2019

 Over the past few decades, the influence of transformative technology has radically changed the way businesses interface with consumers. Digital marketing is now so...
issue 40 Tharawat Magazine

Artificial Intelligence – Issue 40, November 2018

 The development of artificial intelligence has accelerated dramatically over the last decade, and the impact can be felt in all walks of life. Family...
Issue 39 Roles in the Family Business

Roles In The Family Business – Issue 39, August 2018

There are many subtle nuances to navigating the interactions between fathers, mothers, daughters, sons, siblings and cousins who are also the founders, inheritors, owners...
Tharawat Magazine Issue 38 - Big Data

Big Data & The Family Business – Issue 38, May 2018

Rarely has a technological innovation been so promising yet seemingly so difficult to understand as big data. Proponents of the technology envision a world...
Tharawat Magazine Issue 37

Family Business Culture – Issue 37, February 2018

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...
Tharawat Magazine Issue 36

Issue 36, November 2017 – 21st Century Leadership

In times of fast-paced change, we look to our leaders for vision, values, and confidence. The beginning of this 21st century has undoubtedly brought...
Issue 35, August 2017

Issue 35, August 2017 – The Pursuit of Happiness

What makes us happy? It is a question that has baffled philosophers, artists, academics, and probably every human being on earth throughout history....
Issue 34, May 2017 - Digital Strategies

Issue 34, May 2017 – Digital Strategies

Through the rapid development of digital technologies, business owners face a time of rapid change and of seemingly endless possibilities for reinvention. Clearly, the...
Issue 33, February 2017 - Environmental Business Models

Issue 33, February 2017 – Environmental Business Models

Welcome to the first issue of Tharawat Magazine in 2017, a year that promises to be full of unanticipated developments. As we navigate uncertain...
Issue 32, November 2016 - Future Industries

Issue 32, November 2016 – Future Industries

Issue 32 of Tharawat Magazine examines the rise of the Fourth Industrial Revolution, and how technology and rapidly changing business models affect family businesses...

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tharawat magazine issue 43
Tharawat magazine issue 43

HIRING, FIRING AND RETAINING (ISSUE 43)

Hiring in the Family Business

Hiring Relatives in the Family Business

Quentin Fleming knows the tact that family businesses must exercise when hiring or firing family members. As a small-business consultant, Quentin Fleming discovered that family...

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