The Family Business Voice

Tharawat Magazine
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More than half of all businesses globally are family-owned or operated. They are cornerstones of prosperity; their contributions to job creation and global GDP are crucial. Their stories, a source of inspiration for entrepreneurs everywhere, deserve to be told. The Family Business Voice provides the podcast for family business owners, experts and entrepreneurs to share their successes and challenges with a global audience.

  1. How This Wisconsin Dairy Farm Became an Award-Winning Cheese Brand

    ١٨ أبريل

    How This Wisconsin Dairy Farm Became an Award-Winning Cheese Brand

    From their roots on a modest 40‑cow dairy in Wisconsin — America’s ‘Dairyland’ — the Crave brothers learned early that success in agriculture hinges on adaptability. Facing industry consolidation in the 1990s, they pivoted from commodity milk production to value-added cheese making, launching Crave Brothers Farmstead Cheese in 2002. That bold move transformed their family business and set the stage for growth, today producing award-winning artisanal cheeses from a herd of over 2,000 cows.

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    How Can Your Personal Growth Drive Family Business Success?

    Ahmed Nawara was always expected to join his family’s automobile parts importing business, the Al Manar Group. After graduating from university in 1997, he assumed a role in the organisation, along with his twin brother, Mohamed. We talk to him about his journey to becoming CEO.

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  3. Purpose in Motion: Driving Change and Impact Against Child Trafficking

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    Purpose in Motion: Driving Change and Impact Against Child Trafficking

    Every year, up to 1.2 million children fall victim to trafficking, and many remain undetected, hidden from national authorities and anti-trafficking organisations. Of global trafficking victims, 66% are girls. Often, these victims are young migrants seeking refuge, only to become vulnerable to trafficking and its inherent exploitation. The horrifying "business" of human trafficking is thriving, generating billions in profit at the expense of the lives it destroys. Paul Hutchinson was managing the multi-billion-dollar investment fund he co-founded, as well as working with several charitable organisations when he received a phone call that would alter the course of his life. He was told that rescuing 100 trafficked children in Colombia required more than just the usual philanthropic cheques he had become accustomed to writing. He would have to become part of an undercover operation at great personal risk.  The request was extremely dangerous, with unimaginable reasons underlying its urgency. The events that transpired as a result of that fateful phone call not only transformed Paul's perspective but also became the foundation for his new purpose – to eradicate child trafficking and its root causes. The organisation he founded as a consequence, the Child Liberation Foundation, is to date responsible for over 70 undercover missions in 15 different countries, recovering more than 5000 children.  In this interview, Paul Hutchinson, entrepreneur, investor, philanthropist, and executive producer of the highly successful film "Sound of Freedom," partially based on his experience in Colombia, shares his extraordinary journey: one that saw him leave the investment fund he co-founded to spearhead a global movement to create a world in which every child can experience safety, freedom, and hope.

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    How did the Carvajal Family Grow Their Philanthropic Impact?

    Ana Maria Guerrero Carvajal, president of the Board of Directors of her family’s Fundación Carvajal, recognises the considerable challenges the charitable foundation currently confronts. In response, Fundación Carvajal, an organisation dedicated to helping Colombia’s most vulnerable overcome poverty, has remodelled its strategy, promoting a holistic approach aimed at addressing the elements of poverty on many fronts. The organisation primarily focuses on its home city of Cali, which has been significantly impacted by the COVID-19 pandemic.   We spoke to Ana Maria about her family’s unwavering commitment to its community, why social impact has to be redefined in a rapidly changing context, […]

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  5. ١٦‏/١٠‏/٢٠٢٣

    How Can a Family Council Promote Unity and Longevity?

    Cristina Carvajal remembers exactly what it was like to visit her family’s printing business with her father when she was a little girl. The sights, sounds, and smells of the printing presses left a life-long memory that later, she confesses, shaped her involvement in the family’s enterprise. Now serving as the council’s president, Cristina continues to work on the unity among the more than 300 family members and to embrace the transformative change she believes will benefit the family’s future generations.  We spoke to Cristina about the importance of the Carvajal family council, how international family members get involved and contribute to the different sectors of the council, and what the family council is doing to evolve and change as younger generations start to get involved with Carvajal.  -Carvajal's family council is in its sixth generation with around 322 family members and growing. Cristina was the first family council member to be appointed who didn't live in the region, which opened the door to other family members joining from around the world. Today, Carvajal family council members live in Mexico, Miami, and Panama, in addition to Colombia — all committed to attending meetings and making contributions.  -The family council was initially established to create a family protocol but has developed into an integral piece of Carvajal's organisation. The council interacts closely with the company's leadership and often acts as an information funnel for Carvajal's executive team where they can ask questions or communicate concerns.  -In 2018, Carvajal's family council began a process of strategic planning to determine the programs that would be most beneficial to support. The council's areas of focus are communication, education, family unity, and legacy, while also overseeing the family protocol. Many of the council's programs are designed to inform, unify, and engage Carvajal family members. The council also acts as a pipeline for finding and cultivating new talent for the business within the family.  Listen and Subscribe on Spotify, Apple Podcasts, Google Podcasts, Stitcher, TuneIn, Amazon, and YouTube.

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    What are Key Family Business Strategies when Crisis Hits?

    Despite the formidable challenges of a global pandemic, Pedro Carvajal and the entire Carvajal organisation united around the company’s longstanding culture of putting people first and “doing things right”. Obstacles presented by the crisis became opportunities for Pedro and his team, who implemented changes to improve the organisation and its resilience to future disruptions.   We spoke to Pedro about how his family’s core beliefs and social agenda are critical factors in maintaining the company’s performance and longevity, why he doesn’t think about the future too often, and how he balances his many roles.  -Pedro was appointed CEO of Carvajal in 2020, just as the COVID-19 global pandemic was disrupting operations around the world. Pedro worked closely with the company's chair to address critical decisions and devise strategies that would see the company emerge from the crisis even stronger. -The importance of sustainability and social responsibility has always been an important pillar of the family business. Today, ESG, conscious capitalism, and sustainability initiatives form the foundation of Carvajal's activities. The Carvajal organisation considers the community its largest shareholder, making the company's social objectives just as important as its economic ones.  -Pedro believes that structure follows strategy, underscoring how important planning and preparation are for the business. While actively working to provide solutions for today's market demands, the company also focuses on the future and tries to anticipate what disruptive forces may lie ahead.  Listen and Subscribe on Spotify, Apple Podcasts, Google Podcasts, Stitcher, TuneIn, Amazon, and YouTube.

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    Are Successors Asking the Right Questions?

    Philip Mackeown is an author, career coach, and fifth-generation business director. After spending 25 years working in his family’s leading food retail group in Ireland, the Musgrave Group, Philip set out to write the book he wished he’d read upon entering the family business. His book, “The Successor’s Voice”, is a practical guide aimed at empowered family enterprise successors looking to develop, grow, and make a difference in their roles. Join Philip as he discusses the succession process from the perspective of the successor and why he feels preparation brings key advantages to the opportunity. -Intentionally, or unintentionally, many families put pressure on their next generation to join the business, often asking leading questions about their inevitable involvement. Consequently, successors can view their role through the lens of the family’s needs, instead of their own. Rather than answering the question of when they will join the business, successors would be better served asking themselves if they’ve taken command of the value they bring. -Family business continuity depends on several factors, from asset growth to asset stewardship and a host of other details in between. But building family consensus is equally important. A critical task for successors is fostering agreement among family members that the enterprise will continue to progress forward from one point to the next, and the next again. -Successors who take agency over their role and its function are better prepared for meaningful development and superior outcomes in their family’s business. A part of that is acknowledging how being a successor will probably always inform who they are and the approach they choose in their family enterprise and other professional contexts. Listen and Subscribe on Spotify, Apple Podcasts, Google Podcasts, Stitcher, TuneIn, Amazon, and YouTube. “The Successors Voice” is available at http://www.philipmackeown.ie/

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    How can family enterprises grow their philanthropic impact?

    Traditionally, family enterprises focused their philanthropic efforts in the communities close to their operations, where they could generate the greatest impact. Today, there’s an abundance of worthy global causes all competing for their attention. To maximise their impact, families need to align on the issues important to them while also addressing the challenges of harmonising and orchestrating philanthropic strategies in a fast-changing world. On this episode, Dr Malgorzata Smulowitz, Research Fellow, and Dr Peter Vogel, Professor of Family Business and Entrepreneurship at the IMD Global Family Business Center, discuss the findings in their study, “Navigating your family’s philanthropic future across generations”, and how it suggests a real need for families to transform, organise, and codify their philanthropic activities in a rapidly changing world. - Considered a soft topic by many, secondary to the running of a company, philanthropy often emerges as a challenge for families, especially when philanthropic activities are an integral part of the family system. The emotion that drives charitable efforts makes uniting families around a common cause complex. - The innovative and entrepreneurial spirit that drives the business activities of family firms can complement their philanthropic efforts, generating new opportunities and maximising the scale of their resources. - Communication is key if families are going to align their philanthropic goals. The engagement itself can also be rewarding for family members, reshaping individual perceptions and testing rivalries. For next generation family members, finding a supporter respected within the family is often an important first step to initiating meaningful change in the family’s philanthropy program. Listen and Subscribe on Spotify, Apple Podcasts, Google Podcasts, Stitcher, TuneIn, Amazon and YouTube. View the IMD study, “Navigating your family’s philanthropic future across generations”.

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More than half of all businesses globally are family-owned or operated. They are cornerstones of prosperity; their contributions to job creation and global GDP are crucial. Their stories, a source of inspiration for entrepreneurs everywhere, deserve to be told. The Family Business Voice provides the podcast for family business owners, experts and entrepreneurs to share their successes and challenges with a global audience.

المعلومات

  • صناع العمل
    Tharawat Magazine
  • سنوات النشاط
    ٢٠١٩ - ٢٠٢٥
  • الحلقات
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  • التقييم
    ملائم
  • حقوق النشر
    © 2019 Tharawat Magazine
  • موقع البرنامج على الويب
    The Family Business Voice