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OLAYAN FAMILY
The Olayan family is the Middle East’s wealthiest family. They control more than 40 businesses through The Olayan Group. Founded by Suliman Olayan, the business began as a trucking company in 1947.DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COMMØLLER FAMILY
The Møller family is one of the wealthiest and best-known families in Denmark due to their ownership of the Maersk Group. The Group was built on the foundation of the shipping industry, dating all WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it PHILANTHROPY: THE INCREDIBLE PHILANTHROPIC JOURNEY OF THE On Christmas in 2005, entrepreneur Mansour Akram Ojjeh and his wife, Kathy, had an idea. The holiday present to their four children would be different this year; Lana, Lia, Sara, and Sultan, would receive a donation to engage in philanthropy. The original project, which was intended for four years, lasted more than a decade. 3 LESSONS LEARNED FROM THE RISE AND FALL OF ONCE MIGHTY NOKIA Lesson #3 – If You Shoot The Messenger, Your Company Will Perish. After the stunning decline of Nokia, more than 70 upper and middle managers were interviewed in the hopes of shedding some light on what was happening behind closed doors. What they found was a collective company culture that was paralyzed with fear. TOP 10 POWER TOOL BRANDS IN THE WORLD ATG offers more than 30 different power tool brands including SATA®, GearWrench®, Weller®, Wiss®, Lufkin®, Cleco® and Crescent®. ATG was born out of a merger of Cooper Tools and Danaher’s Tools and Components. Two years after its founding, it was sold to Bain Capital for an estimated $1.6 billion. 8.OLAYAN FAMILY
The Olayan family is the Middle East’s wealthiest family. They control more than 40 businesses through The Olayan Group. Founded by Suliman Olayan, the business began as a trucking company in 1947.DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COMMØLLER FAMILY
The Møller family is one of the wealthiest and best-known families in Denmark due to their ownership of the Maersk Group. The Group was built on the foundation of the shipping industry, dating all WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it PHILANTHROPY: THE INCREDIBLE PHILANTHROPIC JOURNEY OF THE On Christmas in 2005, entrepreneur Mansour Akram Ojjeh and his wife, Kathy, had an idea. The holiday present to their four children would be different this year; Lana, Lia, Sara, and Sultan, would receive a donation to engage in philanthropy. The original project, which was intended for four years, lasted more than a decade. 3 LESSONS LEARNED FROM THE RISE AND FALL OF ONCE MIGHTY NOKIA Lesson #3 – If You Shoot The Messenger, Your Company Will Perish. After the stunning decline of Nokia, more than 70 upper and middle managers were interviewed in the hopes of shedding some light on what was happening behind closed doors. What they found was a collective company culture that was paralyzed with fear. TOP 10 POWER TOOL BRANDS IN THE WORLD ATG offers more than 30 different power tool brands including SATA®, GearWrench®, Weller®, Wiss®, Lufkin®, Cleco® and Crescent®. ATG was born out of a merger of Cooper Tools and Danaher’s Tools and Components. Two years after its founding, it was sold to Bain Capital for an estimated $1.6 billion. 8. THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. THE EVOLUTION OF HUMAN CAPITAL OVER TIME The effectiveness of the Human Resource (HR) function is a key component of the human capital strategy in organisations. The HR function has evolved significantly over the past few decades; it used to be an administrative and transactional role, which included keeping records of staff, ensuring that employees are paid on time, and thehiring
TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. NINE FASCINATING BUSINESS FACTS THAT WILL BLOW YOUR MIND Nine fascinating business facts that will blow your mind. 1. If the U.S. were to eliminate their $1 paper bills and replace them with $1 coins, it could save up to $4.4 billion over 30 years, according to a Government Accountability Office report. 2. TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
TOP TEN RICHEST FAMILIES IN EUROPE Net Worth: $19.6 billion. Stefan Persson of Swedish fast fashion giant H&M (Hennes & Mauritz) is the country’s richest man and one of the wealthiest in Europe. Persson and family own a 28% stake and he serves as chairman. His father, Erling Persson, founded the chain in 1947, with Stefan Persson taking over the company 1982 and serving as its FAMILY BUSINESS CONSTITUTIONS Family Business Constitutions (FBCs) are a renowned business tool towards sustainability and comprehensive business structures. Which points a FBC should cover and when it should be written, however, causes a great deal of discussion. Yasser Al Kadi, Vice President of the Kadi Group Holding in Saudi Arabia, provides a perspective on thewhat
CHRONICLES OF A FIFTH GENERATION FAMILY BUSINESS MEMBER Our family business, W. J. Towell & Co. in Oman, has been “in business” since 1866. I truly am part of the company’s fifth generation. Today, my father and uncles, their cousins and some of their sons and daughters are active in the company. As a family we have exceeded 100 members years ago, and our head count in thebusiness is just
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. CORPORATE SOCIAL RESPONSIBILITY IN FAMILY FIRMS A study conducted over a three-year period by the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business (ISB) revealed that more than 50 percent of firms were non-compliant with the Corporate Social Responsibility (CSR) law, spending less than the mandated amount. However, a greater proportion of family firms met their CSR obligations compared to non-family firms. TOP TEN RICHEST FAMILIES IN EUROPE THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COMMØLLER FAMILY
The Møller family is one of the wealthiest and best-known families in Denmark due to their ownership of the Maersk Group. The Group was built on the foundation of the shipping industry, dating all WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it PHILANTHROPY: THE INCREDIBLE PHILANTHROPIC JOURNEY OF THE On Christmas in 2005, entrepreneur Mansour Akram Ojjeh and his wife, Kathy, had an idea. The holiday present to their four children would be different this year; Lana, Lia, Sara, and Sultan, would receive a donation to engage in philanthropy. The original project, which was intended for four years, lasted more than a decade.DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
CORPORATE SOCIAL RESPONSIBILITY IN FAMILY FIRMS A study conducted over a three-year period by the Thomas Schmidheiny Centre for Family Enterprise at the Indian School of Business (ISB) revealed that more than 50 percent of firms were non-compliant with the Corporate Social Responsibility (CSR) law, spending less than the mandated amount. However, a greater proportion of family firms met their CSR obligations compared to non-family firms.MØLLER FAMILY
The Møller family is one of the wealthiest and best-known families in Denmark due to their ownership of the Maersk Group. The Group was built on the foundation of the shipping industry, dating all THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM TOP TEN RICHEST FAMILIES IN EUROPE WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it PHILANTHROPY: THE INCREDIBLE PHILANTHROPIC JOURNEY OF THE On Christmas in 2005, entrepreneur Mansour Akram Ojjeh and his wife, Kathy, had an idea. The holiday present to their four children would be different this year; Lana, Lia, Sara, and Sultan, would receive a donation to engage in philanthropy. The original project, which was intended for four years, lasted more than a decade. TOP 10 POWER TOOL BRANDS IN THE WORLD ATG offers more than 30 different power tool brands including SATA®, GearWrench®, Weller®, Wiss®, Lufkin®, Cleco® and Crescent®. ATG was born out of a merger of Cooper Tools and Danaher’s Tools and Components. Two years after its founding, it was sold to Bain Capital for an estimated $1.6 billion. 8. THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. THE EVOLUTION OF HUMAN CAPITAL OVER TIME The effectiveness of the Human Resource (HR) function is a key component of the human capital strategy in organisations. The HR function has evolved significantly over the past few decades; it used to be an administrative and transactional role, which included keeping records of staff, ensuring that employees are paid on time, and thehiring
THE TEN LARGEST PUBLISHING COMPANIES IN THE WORLD Employees: 117,220. Bertelsmann is the largest company on this list in many respects, as it is Europe’s biggest media enterprise. Employing more than 100,000 people in several countries, its labour impact greatly overshadows that of other publishers. TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
TOP TEN RICHEST FAMILIES IN EUROPE Net Worth: $19.6 billion. Stefan Persson of Swedish fast fashion giant H&M (Hennes & Mauritz) is the country’s richest man and one of the wealthiest in Europe. Persson and family own a 28% stake and he serves as chairman. His father, Erling Persson, founded the chain in 1947, with Stefan Persson taking over the company 1982 and serving as its FAMILY BUSINESS CONSTITUTIONS Family Business Constitutions (FBCs) are a renowned business tool towards sustainability and comprehensive business structures. Which points a FBC should cover and when it should be written, however, causes a great deal of discussion. Yasser Al Kadi, Vice President of the Kadi Group Holding in Saudi Arabia, provides a perspective on thewhat
CHRONICLES OF A FIFTH GENERATION FAMILY BUSINESS MEMBER Our family business, W. J. Towell & Co. in Oman, has been “in business” since 1866. I truly am part of the company’s fifth generation. Today, my father and uncles, their cousins and some of their sons and daughters are active in the company. As a family we have exceeded 100 members years ago, and our head count in thebusiness is just
THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. TOP TEN LARGEST WEAPONS MANUFACTURING COMPANIES IN THESEE MORE ON THARAWAT-MAGAZINE.COM THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM 3 LESSONS LEARNED FROM THE RISE AND FALL OF ONCE MIGHTY NOKIA Lesson #3 – If You Shoot The Messenger, Your Company Will Perish. After the stunning decline of Nokia, more than 70 upper and middle managers were interviewed in the hopes of shedding some light on what was happening behind closed doors. What they found was a collective company culture that was paralyzed with fear.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. TOP TEN LARGEST WEAPONS MANUFACTURING COMPANIES IN THESEE MORE ON THARAWAT-MAGAZINE.COM THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM 3 LESSONS LEARNED FROM THE RISE AND FALL OF ONCE MIGHTY NOKIA Lesson #3 – If You Shoot The Messenger, Your Company Will Perish. After the stunning decline of Nokia, more than 70 upper and middle managers were interviewed in the hopes of shedding some light on what was happening behind closed doors. What they found was a collective company culture that was paralyzed with fear. NINE INCREDIBLE BUSINESS FACTS ABOUT INDIA 9 incredible business facts about India. 1. Consumer spending in India is expected to triple to $3.6 trillion by 2020 compared to just $991 billion in 2010. 2. India has the world’s largest dairy cow population, home to 17.2% of the word’s cows. The nation recently overtook the European Union to become the world’s largest producerof milk.
TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. THE TEN LARGEST PUBLISHING COMPANIES IN THE WORLD Employees: 117,220. Bertelsmann is the largest company on this list in many respects, as it is Europe’s biggest media enterprise. Employing more than 100,000 people in several countries, its labour impact greatly overshadows that of other publishers. TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
MØLLER FAMILY
The Møller family is one of the wealthiest and best-known families in Denmark due to their ownership of the Maersk Group. The Group was built on the foundation of the shipping industry, dating all TEN MIND BLOWING FACTS ABOUT THE BOOK PUBLISHING INDUSTRY Our list of 10 facts about books and the publishing industry. 1. The book publishing industry today is worth $103 billion globally. Although it may seem like a lot, it has experienced 0% annual growth for the past five years. 2. There are 814,000 people employed in the global book publishing industry and there are 69,709 independentpublishers. 3.
CHRONICLES OF A FIFTH GENERATION FAMILY BUSINESS MEMBER Our family business, W. J. Towell & Co. in Oman, has been “in business” since 1866. I truly am part of the company’s fifth generation. Today, my father and uncles, their cousins and some of their sons and daughters are active in the company. As a family we have exceeded 100 members years ago, and our head count in thebusiness is just
FENTENER VAN VLISSINGEN FAMILY The Van Vlissingens are a famous Dutch family who founded one of the world’s largest private trading groups, SHV, in Utrecht, in 1896. With interests in transport, animal feed, oil and gas exploration and financial services, the company has made the family rich, worth a reported €11.2 billion ($12.7 billion USD). Of the three VanVlissingen
SCHAEFFLER FAMILY
The Schaeffler family is the 100 per cent owner of the Schaeffler Group, one of the largest manufacturers of rolling bearings. The Group also controls Continental, the world’s fourth-largest OEM manufacturer of auto parts. In 2018, Forbes ranked Georg Schaeffler as the world’s 30th wealthiest person, with an estimated net worth of$29.1
THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. TOP TEN LARGEST WEAPONS MANUFACTURING COMPANIES IN THESEE MORE ON THARAWAT-MAGAZINE.COM THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM 3 LESSONS LEARNED FROM THE RISE AND FALL OF ONCE MIGHTY NOKIA Lesson #3 – If You Shoot The Messenger, Your Company Will Perish. After the stunning decline of Nokia, more than 70 upper and middle managers were interviewed in the hopes of shedding some light on what was happening behind closed doors. What they found was a collective company culture that was paralyzed with fear.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. TOP TEN LARGEST WEAPONS MANUFACTURING COMPANIES IN THESEE MORE ON THARAWAT-MAGAZINE.COM THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM 3 LESSONS LEARNED FROM THE RISE AND FALL OF ONCE MIGHTY NOKIA Lesson #3 – If You Shoot The Messenger, Your Company Will Perish. After the stunning decline of Nokia, more than 70 upper and middle managers were interviewed in the hopes of shedding some light on what was happening behind closed doors. What they found was a collective company culture that was paralyzed with fear. NINE INCREDIBLE BUSINESS FACTS ABOUT INDIA 9 incredible business facts about India. 1. Consumer spending in India is expected to triple to $3.6 trillion by 2020 compared to just $991 billion in 2010. 2. India has the world’s largest dairy cow population, home to 17.2% of the word’s cows. The nation recently overtook the European Union to become the world’s largest producerof milk.
TOP TEN HOTEL CHAINS IN THE WORLD As a whole, the hospitality industry adds $3.4 trillion to the global economy yearly. Here is a list of the top ten hotel chains in the world (by revenue as of June 2018), four of which are still partially owned by the founding families. 10. Accor. THE TEN LARGEST PUBLISHING COMPANIES IN THE WORLD Employees: 117,220. Bertelsmann is the largest company on this list in many respects, as it is Europe’s biggest media enterprise. Employing more than 100,000 people in several countries, its labour impact greatly overshadows that of other publishers. TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
MØLLER FAMILY
The Møller family is one of the wealthiest and best-known families in Denmark due to their ownership of the Maersk Group. The Group was built on the foundation of the shipping industry, dating all TEN MIND BLOWING FACTS ABOUT THE BOOK PUBLISHING INDUSTRY Our list of 10 facts about books and the publishing industry. 1. The book publishing industry today is worth $103 billion globally. Although it may seem like a lot, it has experienced 0% annual growth for the past five years. 2. There are 814,000 people employed in the global book publishing industry and there are 69,709 independentpublishers. 3.
CHRONICLES OF A FIFTH GENERATION FAMILY BUSINESS MEMBER Our family business, W. J. Towell & Co. in Oman, has been “in business” since 1866. I truly am part of the company’s fifth generation. Today, my father and uncles, their cousins and some of their sons and daughters are active in the company. As a family we have exceeded 100 members years ago, and our head count in thebusiness is just
FENTENER VAN VLISSINGEN FAMILY The Van Vlissingens are a famous Dutch family who founded one of the world’s largest private trading groups, SHV, in Utrecht, in 1896. With interests in transport, animal feed, oil and gas exploration and financial services, the company has made the family rich, worth a reported €11.2 billion ($12.7 billion USD). Of the three VanVlissingen
SCHAEFFLER FAMILY
The Schaeffler family is the 100 per cent owner of the Schaeffler Group, one of the largest manufacturers of rolling bearings. The Group also controls Continental, the world’s fourth-largest OEM manufacturer of auto parts. In 2018, Forbes ranked Georg Schaeffler as the world’s 30th wealthiest person, with an estimated net worth of$29.1
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Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
NINE FASCINATING BUSINESS FACTS THAT WILL BLOW YOUR MIND Nine fascinating business facts that will blow your mind. 1. If the U.S. were to eliminate their $1 paper bills and replace them with $1 coins, it could save up to $4.4 billion over 30 years, according to a Government Accountability Office report. 2. THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp. TOP TEN LARGEST WEAPONS MANUFACTURING COMPANIES IN THESEE MORE ON THARAWAT-MAGAZINE.COM TOP FIVE FAMILY-OWNED CAR COMPANIES IN THE WORLDFAMILY OWNED COMPANIES USALIST OF FAMILY OWNED COMPANIESAMERICA S LARGEST FAMILY OWNED COMPANIESFAMILY OWNED COMPANYLARGEST FAMILY OWNED BUSINESSLARGEST FAMILY OWNED BUSINESSES Owning Family: Chung. Hyundai is the largest auto manufacturer in South Korea and one of the top five in the world. The Hyundai Motor Group is part of the larger Hyundai Group, which was founded by family patriarch Chung Ju-yung as a construction company in 1947. Two decades later, the car manufacturing division was created. THE VIOLENT FAMILY FEUD THAT NEARLY DESTROYED THE GUCCI The Violent Family Feud That Nearly Destroyed the Gucci Empire. The Gucci family feud is a bitter reminder of the volatility that money and success can bring into relationships. Their saga turned out to be a textbook example of how to run the family business into the ground. It had everything – greed, ego, sibling rivalry, foolish expansionTHARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
DEBOER FAMILY
DeBoer family. By Tharawat Magazine -. 2020-01-19. Sidney DeBoer, Image via Lithia Motors. The DeBoer family started their fortune with a lone Chrysler-Dodge dealership in Ashland, Oregon. Founder Walt DeBoer invested his efforts into that dealership to build the foundation for Lithia Motors. Walt’s son, Sidney DeBoer, tookcontrol of the
BURKARD-SCHENKER FAMILY Burkard-Schenker family are the controlling family of multinational chemical and construction materials business, Sika AG. THREE EXAMPLES OF THIRD-GENERATION FAMILY BUSINESS FAILURE Andrew Carnegie is credited with the most infamous and requoted aphorism in family business. “Three generations from shirtsleeves to shirtsleeves” refers to the commonly held belief that in the lifecycle of family business empires, the third generation is where itall goes wrong.
NINE FASCINATING BUSINESS FACTS THAT WILL BLOW YOUR MIND Nine fascinating business facts that will blow your mind. 1. If the U.S. were to eliminate their $1 paper bills and replace them with $1 coins, it could save up to $4.4 billion over 30 years, according to a Government Accountability Office report. 2. THE STUNNING RISE AND FALL OF THE ASTOR FAMILY EMPIRESEE MORE ON THARAWAT-MAGAZINE.COM TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp. TOP TEN LARGEST WEAPONS MANUFACTURING COMPANIES IN THESEE MORE ON THARAWAT-MAGAZINE.COM TOP FIVE FAMILY-OWNED CAR COMPANIES IN THE WORLDFAMILY OWNED COMPANIES USALIST OF FAMILY OWNED COMPANIESAMERICA S LARGEST FAMILY OWNED COMPANIESFAMILY OWNED COMPANYLARGEST FAMILY OWNED BUSINESSLARGEST FAMILY OWNED BUSINESSES Owning Family: Chung. Hyundai is the largest auto manufacturer in South Korea and one of the top five in the world. The Hyundai Motor Group is part of the larger Hyundai Group, which was founded by family patriarch Chung Ju-yung as a construction company in 1947. Two decades later, the car manufacturing division was created. THE VIOLENT FAMILY FEUD THAT NEARLY DESTROYED THE GUCCI The Violent Family Feud That Nearly Destroyed the Gucci Empire. The Gucci family feud is a bitter reminder of the volatility that money and success can bring into relationships. Their saga turned out to be a textbook example of how to run the family business into the ground. It had everything – greed, ego, sibling rivalry, foolish expansion FAMILY OFFICES: WHAT LIES BENEATH? Listen to the episode on Spotify, Apple Podcasts, Google Podcasts, Stitcher, TuneIn and Youtube. On this episode of The Family Business Voice, Rodolfo Paiz and Ramia discuss how a family office can help families with everything from philanthropy to next-generation engagement, and what Rodolfo’s iceberg model reveals about the impact of the pandemic on family offices. THE TOP 10 SHOE MANUFACTURERS IN THE WORLD Kering is a French international conglomerate based in Paris which owns some of the world’s most iconic brands in fashion, footwear and accessories, including Gucci, Bottega Veneta, Volcom and chief Adidas rival Puma. The conglomerate was founded by François Pinault in 1963 and was known as Pinault S.A. until 1994. TOP TEN AGRIBUSINESS COMPANIES IN THE WORLD Agrium Inc. is one of the world’s leading producers and suppliers of agricultural nutrients such as nitrogen, phosphate, potash and sulphur-based fertilisers. The company was founded as Cominco Fertilizers in 1931 and changed its name to Agrium in 1995. On January 1, 2018, Agrium merged with the Canadian company PotashCorp. NINE INCREDIBLE BUSINESS FACTS ABOUT INDIA 9 incredible business facts about India. 1. Consumer spending in India is expected to triple to $3.6 trillion by 2020 compared to just $991 billion in 2010. 2. India has the world’s largest dairy cow population, home to 17.2% of the word’s cows. The nation recently overtook the European Union to become the world’s largest producerof milk.
TOP TEN BIGGEST CAR COMPANIES IN THE WORLD In 2017, the previous number-one manufacturer on our list, Toyota, was overtaken for the top spot. The new number one may surprise you. With 2018 shaping up to be another competitive year for the global auto industry, we’ve compiled a list of the top 10 largest car companies in the world (by 2017 unit sales). 10. Suzuki. TOP TEN RICHEST FAMILIES IN EUROPE Net Worth: $19.6 billion. Stefan Persson of Swedish fast fashion giant H&M (Hennes & Mauritz) is the country’s richest man and one of the wealthiest in Europe. Persson and family own a 28% stake and he serves as chairman. His father, Erling Persson, founded the chain in 1947, with Stefan Persson taking over the company 1982 and serving as its FACTS - THARAWAT MAGAZINE - PAGE 10 4 Reasons Why Countries Should NOT Raise the Minimum Wage. Tharawat Magazine - 2015-06-24. Though the current federal minimum wage in the United States is $7.25, a network of state and local statutes sets the minimum wage in jurisdictions across TOP FIVE FAMILY-OWNED CAR COMPANIES IN THE WORLD Owning Family: Chung. Hyundai is the largest auto manufacturer in South Korea and one of the top five in the world. The Hyundai Motor Group is part of the larger Hyundai Group, which was founded by family patriarch Chung Ju-yung as a construction company in 1947. Two decades later, the car manufacturing division was created.THARAWAT MAGAZINE
Tharawat Magazine inspires family business and entrepreneurs through every step of their journey as they start, grow, and sustain theircompanies.
WHEN SUCCESSION GOES AWRY The Guccis are an example of how, without a clear direction for the future of the company, problems can arise when next generations harbour conflicting ambitions. In this case, Aldo’s son Paolo wanted to launch a new fashion line. When his father and uncle shot down the idea, he launched it404
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