Ownership and Management
A new generation is driving change in a tea category where for decades price has meant more than taste or goodness. The trend they are forcing is about taste and wellness, but so much more. As younger customers turn to tea, they are demanding a more sincere appreciation of ethics and sustainability. This offers a glimmer of hope for passionate tea growers who make tea for the love of the leaf.
The Albert family, the fifth-generation Australian music publishing dynasty that has devoted itself to impact investments, says clearly defining what positive impact means to them helps in their search for new opportunities, in benchmarking performance and in pursuing high returns.
Family entrepreneurs attending the leading 23rd European Family Office Forum are putting their money where COP26 politicians’ mouths are by sustainably investing in transformational ventures and gaining healthy returns.
For fans of the hit HBO TV show Succession, the process of proactively handing over a family run business to the next generation probably looks anything but straightforward.
Emerging stronger as a successor: Gain wisdom from your family, family business and trusted advisers
At a family business conference, several years ago, I had the good fortune to hear speak the senior family member and then president of the fourth generation Italian fashion house, Ermenegildo Zegna. In reply to a question on where he spent his time, he identified three areas of personal priority.
Incorporating the family story and managing the perception of entitlement while handling complex relationships are key skills for rising leaders of family businesses, executive leadership experts say.
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