Category: Business Environment

Difficult Conversations in the Family Enterprise

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A Family Enterprise is one where the family members are directly involved in running the business. Conversely, a company is generally owned by outsiders (not family members) who hire the family members to run the business. In this case, it’s not about having family members who have family business expertise, but having the management style that has family business success. In our case, the family members have come together with shared vision and a strong sense of purpose, but they have grown into management style which is not only lacking vision, but is also highly compet

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It was about a year ago when I came across a case of family enterprise that was facing the most challenging moment in its history. The challenge came from a conflict between the eldest son and the youngest son over ownership of the company. The family had been unified for decades and had been doing great business, but the dynamics were changing. The son who had been leading the family’s company for more than a decade was in a different phase in his life — his children, who were entering their teenage years, were driving his decisions — they were less

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There is a time for all our discussions, but not all of them are good conversations, and not all are for everyone. Here are a few family-centric examples, the hardest-core, of difficult conversations you should anticipate as you move from the business community to the family sphere: 1. Financial Management: Financial management is often tricky. It doesn’t matter whether we’re talking about financial independence, the foundation of family wealth, or family wealth planning. Financial management requires a good understanding of how to make choices that

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“We have always been a close-knit family, and the success of this company is our responsibility.” Hearing these words, my heart skips a beat. As a business owner, I’ve been successful in bringing this company to the forefront of global business. Yet I can’t ignore the sense of unease. The word ‘conversations’ triggers fears that come from a history of ‘different’ families and their ways of dealing with the toughest of issues. One such issue is communication and trust. In our family

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Due to the unfortunate death of my grandfather, my family inherited 90% of our family’s business empire. The family business, a prominent enterprise in our hometown, has been passed down from father to son over the past five generations. I am the second oldest in the family and I had always assumed I would inherit the family’s business when my father eventually retired. Unfortunately, my grandfather had passed away early, and I now found myself in a situation where I had to step in as a leader of my family’s business.

Nestl KITKAT in Japan A Sparking a Cultural Revolution

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I was working for a big confectionery company, Nestle, in Japan as a marketing and PR coordinator in 2015. We were working on launching a new product, KITKAT in Japan. As a local representative, we were tasked with creating a social media campaign to promote KITKAT and promote the brand locally. I joined a small team in Japan where we were given a limited budget for the campaign. At first, our team found it challenging to come up with a strategy that could resonate with the

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“The Nestle KITKAT, the world’s most widely consumed chocolate cake, had a significant impact on Japanese consumers over the last three decades. It was the only major international brand in Japan to establish a significant market share, and it changed the way Japanese consumers viewed cake and chocolate,” says Professor, Mr. Keiichiro Ihara, an economics professor from Tokyo’s Waseda University. In addition, Professor Ihara, author of “East of Japan’s East and West,” said

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In the 1950s and 1960s, in Japan, Kit Kat was the icon of chocolate and a product that people were obsessed with. In 1954, they launched their first Kit Kat factory in Tokyo. A year later, Japan’s first Kit Kat factory was set up in Nagoya. “Kit Kat” is the product name of the British chocolate company of that name, but in Japan, it had become a popular brand of chocolate and Kit Kat was synonymous with its brand.

Organizational Alignment The 7S Model

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Boosting and sustaining operational excellence

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Attack of the Clones Birchbox

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JOB Co Making Mentor 20 Agile

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Nestle East and Southern Africa Region Shared Value Partnership

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MediaTek From Feature Phones to Smartphones

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