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The Family Business Voice
26 minutes | 19 days ago
What Behaviours Build Resiliency into the Family Business Dynamic?
In this episode of the Family Business Voice, Albert Myles speaks with Ramia about family dynamics, behaviours that build resiliency in the face of adversity and what to do when we are confronted with negativity. Albert Myles is a former professional basketball player who is now a philanthropist, mentor and a leading expert in the family dynamic, mental health and healthspan issues affecting enterprising families around the world. In his work as a family advisor and health coach to a diverse range of clients from couples who manage SMEs to CEOs and professional athletes, he’s seen both the pressure that prominence can exert on families as well as some effective strategies to help turn that pressure into a force for good. – Preserving wealth is only one small part of ensuring family business continuity. Family business leaders should invest as much time into preserving family dynamics and healthy family relationships as they do into looking after their more tangible assets. – Similarly, if next-gens are drawn away from the operational side of the business, they should be allowed to explore. They can still contribute to the health of the family’s wider interests in what will likely be a more fruitful way than if they are pressured into doing something they don’t want to do. – Establishing a safe place for open, honest dialogue is the first step in making sure that the health of a family’s dynamic is as secure as the health of the family’s business. Listen to the episode on Spotify, Itunes, Google, TuneIn and Stitcher.
19 minutes | 2 months ago
What is Transformational Leadership?
On this episode of The Family Business Voice, Rania Labaki speaks with Ramia about how family businesses can support transformational leadership through governance, an exceptional skill in the face of disruption and adversity. Rania Labaki is the Director of the EDHEC Family Business Centre and Associate Professor of Management at EDHEC Business School. She also sits on several boards, including those of the predominant academic journals devoted to family business, offering her expertise both in an advisory and editorial capacity. In her work with family businesses all over the world, she’s seen transformational leadership in action, and has cultivated a deep understanding of the structures that make that transformational leadership possible in the first place. – Transformational leaders are agents of positive change in their family businesses. They set a course based on their values and motivate others to follow along in their stead, creating a ripple effect that stands to benefit the entire organisation. – Leadership is in no means static. Transformational leaders are perceptive, and act accordingly to the environment they are in, letting their context inspire or amplify the change they create. – Transformational leaders often initiate the process of building governance into the family business. Once that framework has been established, it paves the way for other transformational leaders, especially next-gens, to find their place and create the greatest impact. Listen to the episode on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn.
18 minutes | 3 months ago
How Can the Next Generation Disrupt the Processed Meats Industry?
As a sixth-generation leader in his family’s meat processing business, Compaxo, Michael van der Post walks a virtual tightrope. He must honour five generations of his family's business legacy while at the same time ensuring Compaxo's sustainability with forward-facing strategy. Headquartered in Gouda in the Netherlands, Compaxo can trace its roots back to 1896 when Johannes van der Post opened a pork butcher’s shop. Since then, Compaxo has grown into one of Europe’s most successful pork processing operations. Today, Michael van der Post is one of 13 shareholders tasked with guiding this century-old operation through the era of digital disruption. On this episode of The Family Business Voice, Michael van der Post and Ramia discuss balancing tradition with the need to adapt to a rapidly changing industry. - With a total of 13 family owners in the business, maintaining harmony can sometimes be challenging. For Compaxo, it comes down to trust and clearly defined roles within the family. This way, there is room for everyone’s ambition, and individuals can advance as far as they like within the business. - Michael and his generation of leaders often look to the experience of their predecessors. Once every couple of months, the older generation comes together to offer formal advice and guidance where needed. - However, it's important to maintain a balance between the traditions of Compaxo's past and the need to innovate. The processed meats industry is changing rapidly, and new ideas, like vegetarian options, for example, must be part of the equation to ensure Compaxo's continuity. Listen to this episode on Spotify, Google Podcasts, Apple Podcasts, Stitcher or TuneIn.
17 minutes | 3 months ago
How Can Technology Increase Competitiveness in the Family Business?
Chris Bosley's passion for entrepreneurship led him back to the family business, Amorini, an industry leader in kitchen and joinery components. Now, he works alongside his brother, Mitch, father Steven and uncle Paul Atkins, diversifying Amorini's product offering and developing a proprietary software platform called the Amorini Edge. On this episode of The Family Business Voice, Chris and Ramia talk about Amorini's family business dynamic, it's new technological underpinnings and its continued commitment to the people that make it all possible. - Working outside Amorini with various start-ups provided Chris with a unique entrepreneurial environment, but he always felt somewhat removed because it was someone else’s money at risk. By joining the family business, he became directly invested in its success and ensuring the longevity of its legacy. - Helping others grow remains one of the fundamental principles of Amorini, and a value that Steven Bosley instilled in his sons from an early age. - The brothers know their strengths and are encouraged to excel in their respective areas. Having clearly defined roles has allowed Steven, and others, to watch the next-gen grow. Listen to this episode on Spotify, Apple Podcasts, Google, Stitcher and TuneIn.
24 minutes | 4 months ago
Where do Purpose and Succession Overlap?
On this episode of The Family Business Voice, Ramia speaks to Russ Haworth, Family Business Advisor and Host of the show The Family Business Podcast, about where purpose and succession overlap. Haworth believes that healthy transitions lie at the heart of continuity, and as such, is passionate about helping next-generation family members find their place in the business. As Co-director of 'The Land of Giants', a research project that focuses on next-gen journeys, Haworth knows all too well the generational gap that threatens to derail even the most well thought out transitions. However, he's also seen how purpose, defined in open, honest intergenerational dialogue can do just as much to get the transition process back on track, even if it means next-gens opting out of the active role envisioned for them by their parents. With baby boomers reconsidering their place at the family business in light of the pandemic, managing transitions effectively so that all stakeholders involved benefit has never been more important. - The meaning that family business leaders give to the values they hold through their actions is the purpose of the business. - Translating that purpose from one generation to the next is difficult because even if they hold the same values, they will invariably see how those values apply to the everchanging world around them in fundamentally different ways. - Getting over those differences requires a high level of emotional intelligence, which families can work on by levelling with each other regularly and approaching their collaboration with empathy and openness. Listen to this episode on Spotify, Apple Podcasts, Google, Stitcher and TuneIn.
17 minutes | 5 months ago
How Can Identity Translate to Competitive Advantage?
On this episode of The Family Business Voice, Dr Axel Göhler speaks to Ramia about BESTMALZ’ expansion, his unique perspective on the world of German family beer and the modern concept of craft. - Since 2014, CEO Dr Axel Göhler, the grandson of founder Max Göhler, has spearheaded the company’s international expansion. Now, BESTMALZ distributes quality malts to more than 85 countries, including the US, China and Brazil. -The traditional German family malt producer is at the forefront of a recent surge in global demand for a modern bespoke beer experience, which, according to Dr Göhler, revolves around identity. - German brewers by law must adhere to purity guidelines set out in the 16th Century, but Dr Göhler's approach shows that there is still plenty of room to innovate, especially when it comes to logistics, customer care and IT support. Read the full article here. Listen to the podcast on Spotify, Apple, Google, Stitcher and Tunein.
21 minutes | 5 months ago
What Can We Learn From Cooperation?
On this episode of The Family Business Voice, Tadesse Meskela speaks with Ramia about his experiences with cooperation, its positive impact on Oromo communities and how the Oromo coffee farmer's journey serves as an excellent model for others around the world to create prosperity in life and business. For generations, 40 million Oromo have depended on coffee for their income – and, thanks to the Oromia Coffee Farmers Cooperative Union, they now see an appropriate share of the profits from a global market that depends on their labour and expertise. With extensive research, international NGO funding and hard-earned governmental support, Meskela completely revamped the Ethiopian coffee industry to a new standard that allows farmers to reap the benefits of their hard work. Throughout history, people have come together to solve their problems, and for places such as Ethiopia, where the primary economy is based on agriculture, cooperative formation directly translates to prosperity. Read the full interactive article here. Listen to the podcast on Spotify, Apple, Google, Stitcher and Tunein.
19 minutes | 6 months ago
How can Storytelling Strengthen the Family Business?
Storytelling is essential to the intergenerational transfer of knowledge, values and culture. In the context of the family business, these narratives, according to Guillermo Salazar, usually revolve around the founder and adhere to a particular structure - a ‘monomyth’ - that we are all familiar with: think the story of the Buddha, or Jesus. Moreover, subsequent generations of family business leaders look to this story -- the Hero's Journey - to continue to build the identity of the business - a critical piece in the multigenerational sustainability puzzle. On this episode of The Family Business Voice, we spoke to Guillermo Salazar, the Director of Exaudi Family Business Consulting, about the power of storytelling. Read the full article on the Hero's Journey here. Listen to the podcast on Spotify, Apple, Google, Stitcher and Tunein.
23 minutes | 6 months ago
How Can Aquaponics Change Our Food Systems?
On this episode of The Family Business Voice, Kaben Smallwood speaks with Ramia about the revolution in sustainable food production, how his Native American heritage influences his entrepreneurship and what the pandemic might mean for the future of aquaponics. Aquaponics is an ancient agrarian practice that has been in use for thousands of years, but applying aquaponic principles to modern agriculture is revolutionary. When Kaben Smallwood first learned about aquaponic systems, they resonated with his vision of sustainability – a cultural tenet passed down to him through the generations of his tribe, the Choctaw Nation. Symbiotic Aquaponic’s mission is to re-introduce aquaponic technology and bring it into the modern age to show people that they can feed themselves and their communities. Listen on Spotify, Apple, Google, Stitcher and TuneIn. Experience the full interactive article here.
20 minutes | 7 months ago
What Does Indigenous Collaboration Look Like?
On this episode of The Family Business Voice, Viviana Jaramillo speaks to Ramia about Sol de Minca's collaboration with neighbouring communities, operating a business with Sierra Nevada indigenous values in mind and what indigenous leaders there are saying about the pandemic. As soon as Sol de Minca's owners knew they wanted to start a business on indigenous land, they contacted the local indigenous community to ask for guidance. A spiritual leader came onto the property and conducted a ritual so that they could grow food and build structures with nature on their side. They've learned that profit and sustainability aren't mutually exclusive and that the latter should always come before the former. Listen to the podcast on Spotify, Apple, Google, Stitcher and TuneIn. Read the full interactive article here.
20 minutes | 7 months ago
How Can You Market an Ancient Craft in a Modern World?
On this episode of The Family Business Voice, Samuel Bautista Lazo speaks with Ramia about indigenous production methods, the enduring quality they engender and the new channels he's found to market his peoples' product to the world. - In the remote mountain village of Xiguie'a (Teotitlán del Valle), Mexico, Benizaa (Zapotec) families combine a consummately modern approach to marketing with ancient artisanship and singular local wisdom. The 14,000-year-old craft of Benizaa textile has gained traction with a global audience on the digital marketplace through Dixza Rugs and Organic Farm. - Dixza is a business owned and operated by the Bautista Lazo family, master weavers for countless generations. Their rugs are hand-died and woven from “criollo” native wool, which honours both the timeless method of their ancestors, as well as the enduring quality they produced. - Samuel Bautista Lazo is the latest in a long line of Bautista Lazos to run the business. Unlike his ancestors, however, he studied in England where his research focused on eco-efficiency, industrial ecology, eco-design and industrial waste management. It was other more mundane experiences while in London, however, that led to a sea change in the way his family business would operate. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
24 minutes | 7 months ago
What can the Wisdom of the Past Teach us about the Future?
On this episode of The Family Business Voice, Michael Connolly Munda-gutta Kulliwari spoke to Ramia about the important lessons we can learn from aboriginal art and culture. - The world is out of balance. The cycle of life was established long before humans, but we disrupted it and altered or destroyed elements that keep the planet healthy. - To achieve this balance once again, the next generation must find fixing and maintaining their land more rewarding than supporting a world of economic disparity overseen by billionaires. For the world to heal and grow again, living in harmony must trump living in wealth. - It's never too late to learn from the past. The world wasn’t always run like a machine – there was a time when the sun and the seasons guided our actions. In many ways, that message is what Aboriginal stories convey. That message of harmony is exactly what the world needs to hear right now.
20 minutes | 8 months ago
Has the Future of Family Business Changed?
On this episode of The Family Business Voice, Anders Sorman-Nilsson, futurist, Founder of Thinque and part of a family business legacy, speaks with Ramia about how COVID-19 has changed our outlook on the world as well as our appetite for technology. The Australian-Swedish dual-citizen has shared the stage with heads of state, penned three books and featured as a keynote speaker around the world. Growing up in a family business environment, Anders is well-acquainted with the obstacles that SMEs come up against when faced with a crisis. But he's also quick to point out that in times of upheaval, change and opportunity exist simultaneously alongside each other. - Those companies that place a high value on learning and curiosity are better positioned to navigate the crisis, finding opportunity through innovation and creativity. - Pandemics of the past have changed the way we work: the Black Death may have led to the Rennaissance and Spanish Flu saw women enter the workforce in unprecedented numbers. Looking past the hardships to pay attention to how our society is changing as a result of the pandemic will serve family business leaders well over the coming months. - Artificial Intelligence and Big Data are just two of the technologies that will likely be catalysed by COVID-19. Using these technologies to free up human talent for creative work has the potential to make family businesses even more sustainable. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
16 minutes | 10 months ago
How Can a Strategic Partnership Help Your Business Expand?
On this episode of The Family Business Voice, Edward Gallagher, CEO of Irish Premium Oysters, speaks with Ramia about Ireland's aquaculture industry, the impact of climate change on shellfish and the strategic partnership that helped their business expand. - Edward's father, Jimmy Gallagher, started Irish Premium Oysters in the mid-90s hoping that his son would one day take an interest in entrepreneurship. - The international market for shellfish, and Irish Premium Oysters' strategic partnerships with international dealers who have access to that market, has driven their expansion. - It's not merely about the bottom line at Irish Premium Oysters. Sustainable aquaculture has been woven into the DNA of the multigenerational family business, and they have the accreditations to prove it. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
17 minutes | 10 months ago
How Can You Create Timeless Value?
On this episode of The Family Business Voice, Ramia speaks to Jan Ryde, Hästen's fifth-generation CEO, as well as his son and sixth-generation family business member, Lukas Ryde, about leveraging the power of technology in product development while balancing cutting-edge innovation with timeless tradition. - Regardless of the decade, there is continuity in the message passed from one generation to the next: the means of production and distribution may change, but there is no substitute for quality, service or value. - A return to the businesses' core product offering, exceptional handmade mattresses, has seen Hästens expand on a global scale. - Hästens focus on quality adds value to the customer experience over lifetimes; they've found some of their mattresses still in use after a century. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
27 minutes | a year ago
COVID-19: How Can We Maintain Health and Wellbeing Through a Crisis?
On this episode of The Family Business Voice, Feisal Alibhai speaks to Ramia about how COVID-19 has given health and wellbeing an immediacy that few regarded it with before the crisis. Informed by his work supporting others as the Founder and CEO of Qineticare, the world's first Family Health Office, as well as his own experiences as a survivor, he offers actionable insight on how we can look after our physical, emotional, relational and spiritual selves as well as our businesses while isolated and at home. - Right now, most people are in fight or flight mode, which does not allow for logical thought and rational decision-making. - Reestablishing a sense of calmness with meditation is one way to regain the clarity of mind necessary to get through this crisis in the best way possible. - While change is uncomfortable and uncertainty is stressful, this is also an opportunity for individuals to get back in touch with themselves, and families to get back in touch with each other. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
24 minutes | a year ago
COVID-19: Lessons from 100-year-old Family Businesses
On this episode of The Family Business Voice, Dennis Jaffe, author and family office consultant, speaks to Ramia about his latest book, Borrowed from your Grandchildren: The Evolution of Stewardship in 100-Year Families, and what we can learn from these longstanding companies in times of crisis. Borrowed from your Grandchildren is less of a how-to manual and more of a collection of shared wisdom from families that have gone the distance – a wealth of insight into the experience of enterprising generations. While the families Jaffe surveyed may not yet have survived the economic fallout of COVID-19, they have survived other crises over their operational tenures, and their resiliency provides a framework for sustainability through the downturn. - Successful multigenerational family businesses tend to have healthy relationships between the principal owners. Often, they are united by a common goal beyond financial success; their values bind them together and keep them on track. - Generally, the subsequent generations of successful multigenerational family businesses are actively building wealth rather than just living off it. Determined next-gens look for meaningful ways to put their families’ fortunes to good use. - Large corporations can learn from family businesses by developing more long-term thinking. They should look to reinvest their money and clarify their financial values. - With each generation comes strengths that the previous generation does not necessarily have. Not only does each generation bring its strengths to the alliance, but they are also willing to collaborate. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
35 minutes | a year ago
COVID-19: Implications for African Family Businesses
On this episode of The Family Business Voice we continue our coverage on the COVID-19 crisis with perspectives from Africa's family business community. Two of AFF's founding members, Nike Anani and Tsitsi Mutendi, speak with Ramia from Lagos, Nigeria and Harare, Zimbabwe respectively. Nike Anani is a speaker, author and next-gen coach and mentor as well as a next-gen family member executive in her parents’ businesses and family office. Since the start of this outbreak, her mission to protect sustainable multigenerational family businesses has gained an immediacy that seems unthinkable only a few weeks ago. Aside from her work with the AFF, Tsitsi Mutendi is an entrepreneur, Montessori Educationalist and Family Business Expert with Nhaka Legacy Planning. She is on the ground working with Family Businesses in her community across Africa as they grapple with the unprecedented disruption felt globally. - COVID-19 has revealed a false sense of security; the world’s systems are actually quite vulnerable. - Family businesses, however, are resilient, and their role in this crisis is critical. If family businesses can stay safe people will also stay safe. - Preparation is key. Family businesses who were prepared and had a crisis management plan in place are faring better than those without – a valuable lesson for next time. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
39 minutes | a year ago
How will COVID-19 Impact Family Businesses?
On this episode of The Family Business Voice, Alfredo De Massis and Farida F El Agamy speak with Ramia about the global pandemic and its unprecedented impact on family enterprises around the world. Alfredo De Massis, Professor of Entrepreneurship & Family Business, Free University of Bolzano in Italy, and Lancaster University Management School UK, is an organisation and management scientist who specialises in family enterprise. Based in Italy, Alfredo is at the epicentre of the outbreak currently. Farida F El Agamy is the General Manager of the Tharawat Family Business Forum and attorney-at-law. Farida works closely with businesses all over the MENA, facilitating understanding within families and between regions and people. She's been on the ground working with family businesses to ideate and enact strategic ways to deal with this disruption as it unfolds. - Some businesses are reacting very generously, altruistically even, doing their part to mitigate the effects of this crisis despite feeling immense pressure themselves. - COVID-19 is a bellwether test for family business governance. Organisations with robust protocols in place will fare much better than organisations where governance is merely a piece of paper. - The ability to collect and process data might well be the deciding factor when it comes to sustainability through the worst of this downturn. Family businesses that can use data to make informed decisions will have a better chance of reacting positively Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
24 minutes | a year ago
How Can We Overcome Addiction?
On this episode of the Family Business Voice, Jan Gerber, Chairman of Paracelsus Recovery in Zurich, speaks with Ramia about the cycle of addiction and why some family business members self-medicate to deal with stress in the workplace. - A preventive approach, according to Gerber, is the most effective way for family business members to look after each other’s mental health, so awareness and communication are critical. - Stress is the most significant trigger for anxiety – a key ingredient in mental health and addiction problems. We live in a world where both the young and old say they are under more stress than ever before. - Family businesses in crisis should reach out for help. A professional can tell whether or not the situation constitutes a mental health crisis and, if it does, what can be done to address it. Listen on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn. Also, read the full article here.
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