Adapting to Change Through Governance in Family-Owned Businesses
In the UAE, family businesses comprise a significant portion of the private sector and are vital to the national economy. However, as these enterprises grow through generations, they encounter increasing complexity and exposure to both internal and external changes. The key to their sustained success is building a long-term strategy supported by robust governance systems. […]
The Importance of Values in the Family Business
Building a Legacy Through Shared Principles Family businesses are the cornerstone of the GCC economies, contributing significantly to their GDP and employment. These businesses’ intertwining familial relationships with business operations present opportunities and challenges. At the heart of successful family enterprises lie clear values and a compelling vision, guiding them through generations. Defining Core Values […]
Conflict in the Family Business
Family businesses are at the heart of the GCC economies, contributing significantly to employment, investment, and economic resilience. Yet, one of the most complex challenges they face is internal conflict. Family business conflict is not simply a series of personal disagreements—it is often deeply systemic, rooted in the unique interdependence of personal relationships and business […]
Is There A Right Time For Generational Change in Family Businesses?
The subject of generational succession in family businesses remains a complex undertaking, mainly because of the family factor and the associated interplay of emotional and personality dynamics. It also remains a key determining factor in the operational longevity of these businesses. In spite of its importance, a substantial ratio of family businesses does not have […]