Family Business Videos

Explore the learnings and wisdom shared by world-class experts across multiple domains related to family business. Each interactive session of 60-minutes was moderated by experts from PFBI advisory committee.

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20 Feb 2021, Saturday

Business Perpetuity in Family Companies

Speaker: Ram Charan World-renowned Business Advsior

Expert Moderator: Prasad Kumar Founder and Family Business Advisor
Human Endeavour Associates

Session-7 Synopsis

In the seventh session of the series, we shift our focus to the �Business part� of the family company and understand what it takes for perpetuity of the Business. In the previous sessions, we have focused on the �Family part� of a family company. We made the point that strong family values and relationships, paves the way for sustainable family governance, which in turn, informs robust corporate governance. When all these three come together, alongside a fair succession process, the foundations for perpetuity begin to take shape.

Dr. Ram Charan blends business imperatives and principles for perpetuity with family owners� long term mission and talent pipeline. He covered a wide range of variables that may affect business perpetuity such as adaptability to change, portfolio relevance in a fast changing context, technology, innovation and productivity.

About the Speaker

Dr. Ram Charan: Dr. Ram Charan is a world-renowned business advisor, author and speaker who has spent the past 35 years working with many top companies, CEOs, and boards. In his work with companies including Bank of America, Key Bank, ICICI Bank, Aditya Birla Group, Novartis, Verizon, Aditya Birla Group, Max Group, Yildiz Holdings, UST Global, Fast Retailing (Uniqlo), Longfor and two of the four largest digital companies in China, Dr. Ram Charan is known for cutting through the complexity of running a business in today�s fast changing environment to uncover the core business problem. His real-world solutions, shared with millions through his books and articles in top business publications, have been praised for being practical, relevant and highly actionable.

Professor Charan�s energetic, interactive teaching style has won him several awards, including the Bell Ringer award at GE�s famous Crotonville Institute and best teacher award at Northwestern. He was among Business Week�s top ten resources for in-house executive development programs. Ram has authored or coauthored more than 30 books that have sold over 2 million copies in more than a dozen languages.

About the Moderators

Prasad Kumar: Mr. Prasad Kumar is a leading Family Business Advisor focusing on small and emerging family business in India and abroad. He also specializes in Strategic Facilitation and Organization Development. Over four and a half decades, he has worked in senior roles incorporates and with many leading companies in their growth and transformation.

12 Dec 2020, Saturday

Harnessing the Power of Family Business Ownership

Speaker: Josh Baron Partner and Co-Founder of BanyanGlobal

Expert Moderator: Peter Leach Founder and Chairman
Peter Leach Associates Ltd.

Expert Moderator: Tatwamasi Dixit Chairman, Family Business Research International Centre (FABRIC)

Session-6 Synopsis

The session featured Dr. Josh Baron (Partner and Co-Founder of Banyan Global, a Family Business Advisory) as expert speaker, and was moderated by Peter Leach (Founder and Chairman, Peter Leach Associates Ltd.), and Tatwamasi Dixit (Founder, FABRIC). Family businesses are famous for power plays, backstabbing, and dramatic implosions. Yet they are also among the most enduring companies in existence, central to economies and communities around the world. In this session, the discussion was about how harnessing the power of ownership effectively, can make the difference between long-term success and failure.

Dr. Baron discussed the 5 rights framework � Design, Decide, Value, Inform and Transfer. According to him, there are three important questions � 1. What do we want to own together? 2. Who are all the Owners? Should all of them share everything at the same level and what should be their scope? 3. How do they share control?

The panelists discussed the popular notion of separation of ownership and management. It was noticed that in Indian context, the custodian mindset is prevalent. Ownership and Management is inter-twined. Often, the power of ownership hardly goes to the entire family owners group and decisions are made among the working members of the family on behalf of all the owners. On this a 4 room model for governance was described such that members take on different roles in each of the rooms � manager, board member, family member or owner. This may help them in making decisions as it would help to sort out their roles in various capacities.

Dr. Baron pointed out that there is a difference between relationship among family members based on the legal structure of shareholding versus the cultural model of ownership. Ultimately what keep a family working together successfully depends on the cultural model. On an overall, the panelists highlighted that several of the issues faced with regard to ownership rights in family businesses are cultural in nature. This must be managed well in building relationships and good communication practices.


About the Speaker

Mr. Dr. Josh Baron:

Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. For the last decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies, and skills they need to accomplish their goals. Josh is also an Adjunct Professor at Columbia Business School, where he teaches MBA courses on Family Business Management and Managing Conflict in Family Business. He also teaches in the Enterprising Families Executive Education Program.

He is a member of Mulliez family and was also appointed to the family council during the last 16 years

In Association Familiale Mulliez (AFM), a 100- year old holding company of Mulliez family- He is in-charge of family cohesion and entrepreneurship development

Mr. Antoine is also the chairman of the family Equity fund, "CreAdev", which would assist family or non- family young entrepreneurs, hence promoting the entrepreneurial spirit and helping to develop the AFM portfolio


About the Moderators

Mr. Peter Leach:

Mr. Peter Leach is widely regarded as one of the founding fathers of family business thinking in the UK, Peter has been a leader in his field for over 30 years, consulting with diverse families all over the world. He is an Adjunct Professor of family business at Imperial College Business School and has written a number of books including Family Business The Essentials published in the UK by Profile Books and is co-author of Indian Family Business Mantras, published by Rupa publishing.

Mr. Sri Tatwamasi Dixit:

Sri Tatwamasi Dixit is a well-known family business advisor and spiritual leader who works with family businesses across the world. He is internationally recognized for his knowledge and application of the wisdom of the Vedas. Sri Dixit draws on his extensive experience in commercial and management practices to help family businesses work on balancing and blending family and business priorities.

17 Oct 2020, Saturday

Togetherness in a Large, Multi-generation Family Firm - Is it "impossible" to stay together in the long run?

Speaker: Antoine Mayaud Chairman of CreAdev,
Board Member of Association Familiale Mulliez

Expert Moderator:Peter Leach Founder and Chairman
Peter Leach Associates Ltd.

Session-5 Synopsis

The session featured Mr. Antoine Mayaud (a 3rd generation member of the Mulliez family that owns the successful French retail company- Auchan Hypermarkets) and was moderated by Mr. Peter Leach (Founder and Chairman, Peter Leach Associates Ltd.) The speaker and moderator discussed various issues related to keeping all family members together in the business by identifying entrepreneurial opportunities for all members to participate and benefit.

On the importance of developing entrepreneurship in the family, the speaker highlighted that it not just keeps the risk-taking ability in the younger generations alive, but also helps the family build a diverse portfolio of investments in the most natural and organic way. This way, the younger generation are motivated to contribute, because their own businesses are part of the family businesses and will help them grow as Confident Active Successors instead of being Fearful Passive Heirs.

On the difficulties faced in convincing and keeping the whole family together in business, including the spouses, Mr. Mayaud believes that it is very difficult, but in the long run it is beneficial to all concerned. According to him, Spouses bring in new ideas and fresh perspective to the family business. He also shared that in Mulliez family, company-stocks are shared with in-laws instead of giving out cash and how this has helped to keep the cash in the business and helped it to grow over the period of time.

Mr. Peter Leach pointed out that culture is a very important component of managing a family business - more so than structure or strategy. On this Mr. Antoine shared that the culture of the Mulliez family is to work hard to keep the family together. Their seniors had written down �We want to stay together � all family members in all businesses, so we can all do better.� They believe that alone, they can go far and together they can go further.


About the Speaker

Mr. Antoine Mayaud:

Mr. Antoine Mayaud, 68, father of four, with 8 grandchildren is trained as an agricultural engineer.

He is a member of Mulliez family and was also appointed to the family council during the last 16 years

In Association Familiale Mulliez (AFM), a 100- year old holding company of Mulliez family- He is in-charge of family cohesion and entrepreneurship development

Mr. Antoine is also the chairman of the family Equity fund, "CreAdev", which would assist family or non- family young entrepreneurs, hence promoting the entrepreneurial spirit and helping to develop the AFM portfolio


About the Moderator

Mr. Peter Leach:

Widely regarded as one of the founding fathers of family business thinking in the UK, Peter has been a leader in his field for over 30 years, consulting with diverse families all over the world.

He is an Adjunct Professor of family business at Imperial College Business School and has written a number of books including Family Business The Essentials published in the UK by Profile Books and is co-author of Indian Family Business Mantras, published by Rupa publishing.

8 Aug 2020, Saturday

The Challenge for successors - managers or enterpreneurs

Speaker: Ivan Lansberg Organizational Psychologist

Expert Moderator: Peter Leach Founder and Chairman
Peter Leach Associates Ltd.

Expert Moderator: Tatwamasi Dixit Chairman, Family Business Research International Centre (FABRIC)

Session-4 Synopsis

The fourth session of the series held on August 8, featured international family business expert, Dr. Ivan Lansberg along with Mr. Peter Leach and Mr. Tatwamasi Dixit. Considering several factors such as the size and nature of business, business inclination and motivation of younger generation as well as the expectations of senior generations, the speakers discussed ideal mantras for the family businesses to thrive and transition through generations.

On the topic of identifying entrepreneurs from the next generation for succession, the speakers pointed out that not every generation may have entrepreneurial talent, but it is possible to balance talents of multiple siblings who can contribute to the business.

While talking about the leadership continuity in family business, the speakers highlighted the fact that founding family has the need of developing a governing platform. The governance function will not only provide direction, accountability and value system but will also keep the business and family together. The panel also pointed out when considering continuity, it is important to have a vision of what lies in future. Articulating the aspirations as an enterprise, as owners and as family is important for clarity.

On the topic of Parenting and Nurturing the next generation the expert speaker said, "Some parents are sculptors - they have an idea of who the child has to become and hope to chisel away to make then in that image. But the more you are a sculptor � the more resistance you will get from the sculpture. It is better is to be a gardener - let the children discover if they are an apple tree or orange tree and be the best tree they can be. It is better to share the platform with them and provide them roles where they can contribute positively." Further, as an advice to senior family members, the expert speaker pointed out that they must have humility and lower the dependency of the company on themselves. He said, "That's the greatest test of greatness - Not to reinforce dependency but to lower it".

About the Speaker

Dr. Ivan Lansberg: He is an organizational psychologist who grew up in an entrepreneurial family in Venezuela. He has consulted with complex family businesses in the USA, Canada, Asia, Europe and Latin America, and has made significant contributions to the understanding of family business governance and succession.

About the Moderators

Peter Leach: Mr. Peter Leach is a family business expert who focuses on working with multi-generational family businesses on governance issues. He is regarded as one of the founding fathers of family business thinking and has been a leader in this field for over 30 years.

Sri Tatwamasi Dixit: Sri Tatwamasi Dixit is a well-known family business advisor and spiritual leader who works with family businesses across the world. He is internationally recognized for his knowledge and application of the wisdom of the Vedas. Sri Dixit draws on his extensive experience in commercial and management practices to help family businesses work on balancing and blending family and business priorities.

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