Inherit or Go Independent? The Difficult Choice for Children of Family Business Owners
For many children who grow up in entrepreneurial families, the question of whether they will take over the family business one day is nothing new. In casual conversations at the dinner table, annual family gatherings, or simply conversations with relatives, the family business is often in the background—sometimes as a source of pride, sometimes as […]
Career Paths for Family Business Successors
For many family businesses, the main question is not whether the next generation will take over. But, how they prepare themselves and are prepared for the role. A family business is not just a business entity, but also a legacy, a reflection of values, and the social identity of a family. However, the transition from […]
The Dilemma of Transparency in Family Businesses
In modern business, transparency is often considered one of the key requirements for building trust and ensuring sustainability. Investors, employees, and customers alike encourage companies to be more open, whether in terms of financial reports, governance, or strategic direction. However, for family businesses, implementing transparency is not that easy. They face a unique dilemma: how […]
When Should Family Business Founders Step Down to Make Room for the Next Generation
In the course of a family business, there comes a time when a founder is faced with a decision that is not only strategic but also emotional: when to relinquish leadership. This decision is rarely easy. For many founders, the business is part of who they are a representation of their vision, hard work, and […]
Why Are Family Businesses More Resilient to Crises?
The history of business is marked by a series of crises, from the global financial crises of 1998 and 2008 to the COVID-19 pandemic. Almost all business sectors have felt the impact: large companies have collapsed, markets have fluctuated, and new business models have emerged from the economic ruins. However, there is one interesting pattern […]
Uniting Intergenerational Visions: Strategic Challenge in Family Businesses
This article emphasizes that the sustainability of family businesses across generations depends on the ability to unify vision, manage succession, build solid governance, balance innovation with tradition, and maintain communication and emotional harmony among family members. Family businesses have long been the backbone of the global economy. In various countries, both developing and developed, these […]
Managing Emotions and Egos in Family Business Meetings
In the business world, meetings are often not easy. However, in family businesses, where family relationships intersect with financial matters, controlling egoism and emotions during family meetings becomes far more important—and also more complicated. Discussions can easily shift from business strategy to unresolved family conflicts. Overwhelming emotions can derail even the most carefully planned meetings. […]
Family Business Strategy: Passing On the Art Business to the Families
Indonesians are known to have a high artistic spirit. This can be seen in plain sight. Many great artists were born from this country. In the world of movies, for example. Names such as Yandy Laurens (director of the now-popular movie Sore: Istri dari Masa Depan), Joko Anwar (one of his movies is Pengabdi Setan) […]
Legacy Building: What Should Pioneers Leave Behind for Future Generations?
In many family businesses, the first generation is often referred to as the “founders” those who started from scratch, faced challenges without clear guidance, and paved the way for future generations. However, behind their hard work and determination to build success, there is one fundamental question that often arises when the transition phase arrives: what […]