Maissa Abou Adal Ghanem speaks about her family business’ response to the Covid-19 crisis and what we can learn from this situation for the future.
When it comes to ensuring their sustainability through the COVID-19 outbreak, businesses must be mentally, emotionally and fiscally prepared. An opinion piece by Hisham Farouk.
As the world works to keep this pandemic in check, the family business community must grapple with new operational paradigms. For many, this means the slowing down or stoppage of operations altogether, at least for the time being. An opinion piece by Noor Sweid.
For family businesses in the MENA, the implications of Coronavirus will likely mean significant operational and financial challenges. An opinion piece by Adil Alzarooni.
Episode 20: Insights of the Next Generation – A Conversation with Nour Rifai Next Generation leadership development is a crucial topic for the longevity and long-term growth of a family firm. In order to have continuity in leadership quality, it is important that NextGens feel integrated, empowered and well prepared to make positive contributions to […]
The Levant Family Business Podcast – A Very Special Tandem – Insights From Twins In A Family Business.
Episode 19: Working Together – A Conversation with Nicolas and Anthony Boukather. It can be difficult to navigate family relationships when you work together! It requires patience, open communication and complete trust for the dynamic to work effectively. However, there are many good reasons that are in favour of working with a family member. So […]
Episode 18 – Diversification For Growth – A Conversation With Imad Alfadel Family businesses are known for their ability to react quickly to changing times and for their resilience throughout times of crisis. Diversification is one of the key strategies family businesses can employ to prepare for difficult times. However, getting the timing right on […]
The Levant Family Business Podcast – Emotional Dynamics In The Family Business IV – Emotions in the Family Business.
Episode 17 – The Interplay Of Emotions In Family And Business – A Conversation With Rania Labaki. Human emotions are extremely intricate and complex psychological states and the interplay of emotions in family and business is often difficult to address. Emotions can be reactions to internal stimuli (thoughts, memories) or external events that occur in […]
Episode 16: Engaging A Non-Family CEO, A Conversation With Cherine Debbas. There may come a time when a family business needs to find outside talent to run the family business. Though the majority of family businesses tend to prefer next generational leadership and management in their operations, in reality, this is not always a realistic […]
The Levant Family Business Podcast – Emotional Dynamics In The Family Business III – A Strategic Approach To Philanthropy.
Episode 15 – A Strategic Approach to Philanthropy, In Conversation With Rania Labaki. It is estimated that 81% of the world’s largest family businesses are active philanthropists. Family business philanthropy is an essential support system for many communities and has created change around the world. Engaging in family philanthropy also has many internal rewards, it […]
The Levant Family Business Podcast – Leadership In Transition – A Perspective From The Next Generation
Episode 14 – The Next Generation Perspective, A Conversation With Georges Abou Adal. Making the decision to join the family business can be an exciting albeit daunting moment for any next-generation family member. It is a personal journey that is unique and different for everyone. So what are the considerations that a next-generation family member […]
Episode 13 – Sitting on the side-lines, A Conversation With Lena Idriss. Entering into a family business through marriage can be a challenging course to navigate, and one which often requires a steep learning curve. It takes time and perseverance for an in-law to fully integrate into a family business and earn the trust, respect […]
Episode 12 – Innovation As An Engine For Growth, A Conversation With Nicolas and Anthony Boukather. To thrive in a competitive landscape, family businesses must be willing to adapt and change. Firms must learn to embrace innovative thinking and explore new ideas, processes and procedures in order to stay relevant and ensure success for future […]
The Levant Family Business Podcast – Microinsurance, a game changer inside and outside the family business.
Coralie Zaccar is a third-generation family business member and Assistant General Manager at Commercial Insurance Co in Lebanon – and is on a mission to bring change to her community.
The Levant Family Business Podcast – The Evolution Of Women In Family Business: A Conversation With Caroline Fattal.
For a long time, family businesses around the world have overlooked the professional capabilities and competencies of women – yet women have played key roles in firms, albeit away from the public eye and widely unrecognised. In regional family businesses, statistics show that women are still underrepresented, and grappling with ways to define the roles they can, should and wish to play in the family firm.
The Levant Family Business Podcast – The Rise Of Family Offices In Lebanon – A Conversation With Bilal Zain
Family office is not a new concept. What is new however, is the rapid evolution of the industry on a global level. In this episode of the podcast we welcome guest speaker and expert in the field, Bilal Zein to provide an inside perspective on the current developments and the future of the industry specifically in our region.
Pearl Initiative recently signed a Memorandum of Understanding (MoU) with the Tharawat Family Business Forum in a bid to promoting higher standards of corporate and family governance, and to support the longevity and sustainability of Family Firms in the Gulf Region.
The Levant Family Business Podcast – Emotional Dynamics in the Family Business II – Family Business Secrets
We all have secrets, and we all know of the power of family secrets! The mixture of family members, business and secrecy, however, can result in unwanted complications that initiate dire consequences for a family firm.
The Levant Family Business Podcast – Emotional Dynamics in the Family Business I – Managing the Succession Process
There comes a time when all businesses must develop and implement succession plans. Crucial for the longevity of the firm, this is a highly important process to get right.
Sometimes a conversation is all it takes. In the world of family business, conversations are a genesis – an exchange of ideas, an exploration of possibilities and a backdrop for resolutions. This was one of the reasons we started ‘The Levant Family Business Podcast’ with our partners AGW family business advisory in Beirut.
Inviting in independent members is a key element of board best practises in business. There are many advantages to having an independent director, however, in Lebanon, this decision is not always easy or straightforward for businesses.
The Levant Family Business Podcast – Dr. Georges Samara On Practicing Fairness In The Family Business Workplace
Dr Georges Samara’s article on “Fairness in the Family Business Workplace” was nominated for best article award in 2017. In this episode, he will share his findings on how to practice fairness for business performance in the complex set up that is the family business workplace.
The Levant Family Business Podcast – Hovig Kozobiokian On Governance Practises In Lebanese Family Businesses
The topic of Family Business Governance has been widely researched in the US and Europe. But what about Lebanese family businesses? What are their practices, culture and views about governance?
“A family constitution can be hard to define as there is no accepted international definition for the term. However, a family constitution is generally considered as a set of documents that regulate the relationship between family members of a business owning family”.
The definition of legacy relates to something left or handed down by a predecessor. In the context of family business, there are different areas of legacy that can be left, from financial/material – (inheritance, capital, shares) to non-financial, (management, culture of business, values, beliefs and policies).
Did you know that 72% of US-based family business have a formal board of directors? Estimates show that in the Middle East the percentage of family-owned businesses with active and formal board of directives is significantly lower than this.
Tharawat Family Business Forum and NYU Abu Dhabi discuss family business case studies and their historical impact
Family business leaders, experts, and entrepreneurs came together to discuss the founding histories of leading regional family-owned conglomerates and the pivotal impact of family-owned businesses on economic growth and social change in the MENA region.