Family businesses are essential drivers of innovation, employment, and community stability in the modern market. Analysis done by McKinsey & Company, an international management consulting firm, found that family-owned businesses account for more than 70 percent of global GDP and about 60 percent of global employment. Unlike their publicly traded counterparts, which are often beholden […]
A strong business foundation means little without the next generation of family business ready to sustain it. Family businesses can be built on solid foundations, but without a proper transition strategy, many struggle to survive beyond the first generation. One of the most common pitfalls is the lack of a structured career path for successors, […]
Imagine a world where the sun rises and sets while you remain on the factory floor until one day in May there was a historical change turned into Labor Day celebrated globally. In the 19th century, this was a daily reality for workers. In the 1800s, especially during the Industrial Revolution, factory workers faced extremely […]
Let’s learn wisdom on Human Conflict from Fyodor Dostoesvski a Master of Classic Literature. Behind every business decision, there’s one factor that never truly changes: human nature. One writer who explored this complexity with such poignancy and remains relevant today is Fyodor Dostoevsky. Born in Russia on 11 November 1821, Fyodor Dostoevsky was a philosopher, […]
Having break is a must for businesspeople and Mahjong with its tactical game is good for family businesses to have a rest yet stimulate ideas and thinking with fellow family business members. Like water mixed with sand, a constantly stirred mind stays cloudy, while stillness allows clarity to return. Our brains work the same way: […]
Have you thought of how family businesses in watches, finance and other sectors grow and sustain from generation to the next generation? The foundation of any enduring enterprise is built not just on products or profits, but on a bedrock of core values and great craftsmanship. In the modern commercial world, these principles act as […]
Southeast Asia, one of the culturally rich and geographically expansive regions of Asia, has a long history of economics and business. What about the Straits of Malacca today? The rich culture of Southeast Asia makes the Strait of Malacca translated into various languages, namely Strait of Malacca (Indonesia) / Strait of Malacca (Malay) / (Malay) […]
Indonesian movie director Wregas Bhanutedja – supported by global producers from various countries presents – a film that carries themes of local rituals at Sundance Festival. In recent years, Southeast Asian cinema has become more prominent in global film discourse, shaped by a growing emphasis on “hyper-local” storytelling that reflects distinct cultural perspectives. Wregas Bhanuteja’s […]
After more than a decade of being led by Tim Cook-style operational efficiency, John Ternus’ appointment as CEO marks Apple and its ultimate root: craftsmanship. Apple recently announced that Tim Cook will become executive chairman of Apple’s board of directors and John Ternus, senior vice president of Hardware Engineering, will become Apple’s next chief executive […]
Family business or family-owned enterprises are more than just commercial entities. Family businesses are the bedrock of the global economy, representing a significant share of GDP and employment in their countries of origin and worldwide. By blending deeply rooted family values with entrepreneurial ambition, these businesses create a distinct model—one that prioritizes long-term resilience over […]
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