Experience of the Al Majdouie Group It is often said, that one of the key challenges of family businesses is to professionalize their structures in order to ascertain long-term success and competitiveness. Integrating the traditions and values of the family business founders into a system promoting meritocracy, does, however, not […]
Advice for women who are part of family-owned businesses and play important visible and invisible roles.
How to untangle your thinking Joining the family business can be a momentous decision. When next generation members finish school or university they are often faced with the choice between applying for a job or joining the family firm. It is a situation fraught with emotional considerations as often they […]
We are living in an age of incredible technological progress. So much so that it has become an impossibility to ignore the progress and the change it has brought about in consumers and businesses around the world. Only thinking of the ramifications of inventions such as the Internet and the […]
Succession is likely to be the topic most frequently discussed in the family business context. It is found that the ideal recipe towards successful succession varies according to family mentality and business structures. While the word succession is typically associated to the passing of the business from father to son, […]
I am a fourth generation family member from Venezuela in a family with 17 first cousins. Since my family founded the business in 1911 in farming and cattle, we have undergone many transformations. In 1997, as a result of a generational transition we had our first Family Council Meeting. Today, […]