With the beginning of a new year, it is the perfect time for a retrospective of the top ten EY Family Business findings of 2015 based on our analysis from the global family business survey. Continue reading →
Succession is one of the most critical issues encountered by family businesses. Several factors including family dynamics and the emotional connection that family members feel toward their businesses can make addressing succession a complex issue. Continue reading →
Nadir Godrej, Managing Director of Godrej Industries and Chairman of Godrej Agrovet
Nadir Godrej, is not only a great leader of a highly successful family business, but also a poet. His ability to put in rhyme some of the most crucial issues in business is well known, telling in rhyme some hard truths and sharp observations. Read Nadir’s family business poem here. Continue reading →
The importance of family businesses to the global economy is undeniable. According to the European Commission, they account for more than 60% of all companies in Europe and the Americas and about 50% of employment. But for many, succession planning can be a cause of anxiety, and there are many misconceptions around what is involved.
When it comes to buying quality chocolate in Vancouver, one brand stands out: Purdys, a family business that’s supplied chocolate to British Columbia’s most discerning residents and visitors since 1907.
Karen Flavelle, who is Purdys’ owner and is often cited as one of Canada’s best known businesswomen, was the winner of EY’s 2013 Family Business Award of Excellence. Here’s what she has to say about Purdys’ — and her own — success.