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September 6, 2017

As Dilmah Tea prepares to celebrate its 30th anniversary next year, second-generation director Dilhan C Fernando tells James Beech how his family business preserves its legacy while embracing the 21st century.

As Dilmah Tea prepares to celebrate its 30th anniversary next year, second-generation director Dilhan C Fernando tells James Beech how his family business preserves its legacy while embracing the 21st century.

June 15, 2017

What will it take to make socially and environmentally responsible investment the “new normal”? The answer may lie with the next generation, a conference in London heard this week.

What will it take to make socially and environmentally responsible investment the “new normal”? The answer may lie with the next generation, a conference in London heard this week.

The influence high net worth Millennials exert on their parents when it comes to impact investing was a theme that came up again and again at The Economist’s Impact Investing Europe conference in London today.

July 10, 2013

There's some things about business you just can't teach, and family businesses culture is one of them – which is why you should appreciate your next gens.

The British comic Vic Reeves once said that 88.2% of all statistics are made up. Generally, scepticism about stats is healthy, but not always. For example, a survey of HR professionals published in a recent book* found that 97% of recruiters said that having the right “mindset” is more important than having the right skills. Such near-consensus demands that you take notice. And it’s fantastic news for family businesses.

July 9, 2013

Next gen education is all the rage these days, and rightly so. But some are breaking away from the classroom-based approach and are testing youngsters, not to mention giving their confidence a boost. 

Hurtling through the icy tundra north of Tromso in Arctic Norway, with a team of six dogs in front of you and an awful lot of nothing all around, is perhaps not the first place you might choose to do a spot of business education.

July 4, 2013

When managing talent, you’re better off thinking like a hunter-gatherer than an economist.

Family businesses have a primal appeal. They’re as old as human history, and people have always worked and lived together in family groups. Why are they so successful? Evolutionary biology can shed some light on the question.

October 10, 2012

More than half of German next-gens want to take over their family business, bring in outside managers and focus on international expansion, while only 4% would consider selling the family firm. 

More than half of German next-gens want to take over their family business, bring in outside managers and focus on international expansion, while only 4% would consider selling the family firm.

May 22, 2012

A US family-owned conglomerate has made next-generation planning core to its governance. CampdenFB looks at its strategy.

Bill Yoh, the third-generation family member of American defence and engineering family business Day & Zimmermann, isn’t about to become a number any time soon. “We don’t want to contribute to statistics about families that, at some point, decided to sell the business or remained distant from it,” he says.

February 6, 2012

Jayanti Chauhan, daughter of the founder of bottled water-maker Bisleri, has rejoined the Indian family business more than a year after she quit.

Jayanti Chauhan, daughter of the founder of bottled water-maker Bisleri, has rejoined the Indian family business more than a year after she quit.

The 27-year-old is being groomed by her father, Ramesh, to eventually take the helm of the family-run water business, according to a report in the Economic Times, a local newspaper.

When contacted, a spokeswoman for the company wasn’t available to comment.

August 24, 2011

Families in Asia who manage their philanthropic activities as a unit need to develop strong strategies for accommodating inter-generational differences to ensure the success of their efforts, according to a specialist in philanthropy.

Families in Asia who manage their philanthropic activities as a unit need to develop strong strategies for accommodating inter-generational differences to ensure the success of their efforts, according to a specialist in philanthropy.

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