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next generation

October 26, 2011

One of Europe's biggest logistics companies is grooming the management skills of the sons of the two brothers who run the business. Rashmi Kumar asks whether the German company has struck upon the perfect succession plan.

Felix and Jens Fiege could easily be Europe’s poster boys of next- generation family business success.

Cousins Felix and Jens are the fifth generation of the Fiege family to work at the eponymous business, set up more than a century ago by their great-great-grandfather Joan Joseph Fiege in the small town of Greven in the German state of North Rhine-Westphalia.

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.

July 13, 2011

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

November 29, 2010

Donald Trump reckons he has the right succession plan in place at his billion-dollar real estate and entertainment company, writes David Bain.

Donald Trump reckons he has the right succession plan in place at his billion-dollar real estate and entertainment company, writes David Bain. 
 
Interviewed recently in Forbes magazine, Trump (pictured) said he told his kids to avoid drugs, alcohol and smoking.
 
"As they grow up, any time I leave the house, I say, 'no drugs, no alcohol, no smoking.' After saying it a thousand times, they say, 'Dad, don't say it'," Trump was cited as saying in the Forbes article.  
 

October 13, 2010

As we wait on tenterhooks for the economy to recover from the current financial credit crisis, we hear reports that many universities are full and for a number of school leavers there will be no places, writes Sandy Loder.

As we wait on tenterhooks for the economy to recover from the current financial credit crisis, we hear reports this summer that many universities are full and for a number of school leavers there will be no places, writes Sandy Loder. 
 

September 1, 2010

Successful business families regard their ownership of the business as a fundamental asset serving a common purpose with the aim of the present generation to transfer successfully to the next, writes Jurgen Geerlings

Successful business families regard their ownership of the business as a fundamental asset serving a common purpose of the family as a whole, writes Jurgen Geerlings.

The aim of the present generation is to transfer the ownership to the following generation in a good state.

August 26, 2010

Next gens are no longer expected to join the family business as soon as they are able, but many are left with the difficult choice of whether to follow in their ancestors' footsteps or branch out on their own, writes Katie Barker.

Next gens are no longer expected to join the family business as soon as they are able, but many are left with the difficult choice of whether to follow in their ancestors' footsteps or branch out on their own, writes Katie Barker. 

August 26, 2010

Freixenet has been producing cava for most of the last century, yet the family has only recently transferred control to the second generation. Roderigo Amaral talks to family chairman Lluis Bonet Ferrer about being a next gen in his 60s

Every year, winemakers Freixenet release a new, much-anticipated Christmas TV advert in a marketing initiative that has become a feature of the holiday season in Spain. The family-owned Catalan firm has always bet on the power of publicity and is known for hiring big Hollywood names such as Gwyneth Paltrow to star in the ads in an effort to gain market share and strengthen its position as one of the major independent drinks companies in the world.

August 25, 2010

A non-family CEO hired from within a company, who is familiar with and appreciates its culture and values, is far more likely than an outside CEO to continue the company's success.

Tom Davidow says:

A non-family CEO hired from within a company, who is familiar with and appreciates its culture and values, is far more likely than an outside CEO to continue the company's success. As Jim Collins points out in Built to Last, companies that last for generations maintain the original founder's culture and values. It doesn't matter if it changes its product.

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