If you look up the word "people" in a dictionary (remember them?) it will generally define it as a group of persons composing a community, tribe, race, nation, etc. However, if you type "people" into Google you get "the number one celebrity site for the hottest breaking news, photos, fashion, videos and games." Such has been the disruptive power of the internet at changing our views of the established order.
This summer issue of Campden FB is also about people. Naturally that includes family business people, but we also look at some very specific subsets – notably women, next generation family members, students and advisors. No longer is the world of family business a homogenous one as this list demonstrates. Knowledge is the disruptive power for today's family businesses and we aim to help you gain it.
Our cover feature this issue is an exclusive interview with Khalid al Zamil, whose family's business is one of the largest in Saudi Arabia. Through the integration of 12 sons into the Zamil Group, this billion-dollar conglomerate shows how the Saudis really do put the family in family business.
Campden Research's latest report into women and wealth demonstrates the changing face of family financial decisions. As we report in this exclusive summary, women are increasingly taking control of the their own futures and the wealth of their own families.
In particular, women want to teach their children how to manage money, how to budget and the joy of earning money as opposed to just receiving it. Our new next generation section aims to give the up-and-coming stars of family business a permanent space in Campden FB and we look forward to sharing their views with you.
Most next generation members study an MBA and many go to family business specific courses. In light of the financial crisis we look at whether business education is changing its spots and what this means for families.
Finally, the people most under scrutiny are perhaps advisors so it is a prescient time to analyse what families are thinking and what they need to do in order to get the best out of their advisors.
Enjoy the issue.