Family Enterprise Governance (Dec)

To register or to reserve slots just fill out our Registration Form and email us at info@octopusbranding.net Date: December 2, 2016 Time: 10:00 AM to 4:00 PM Venue: Makati Sports Club L.P. Leviste Cor., Gallardo STS., Salcedo Village, Makati City Seminar Details: “ Family Enterprise Governance, a “ W+B” Family Business Series,  we are inviting you to join us on December 2, 2016/Fri. from 10am-4pm at Makati Sports Club L.P. Leviste Cor., Gallardo STS., Salcedo Village, Makati City. Get advice from the country’s family business experts on how to lead your family enterprise. Listen to a powerful tandem of family business experts Prof. Enrique Soriano III and Prof. Federico Gonzales. The two [2] speakers will share insights on how to better manage your business within the challenging environment of the Family Enterprise. To reserve slots please call the seminar organizer, Octopus Branding c/o Cherryl or Jeric at : (02)556-9707/0915-9108686/0915-1813057 or email info@octopusbranding.net.  Seminar Investment at Php 10,500.00 per...

Family Enterprise Governance

To register or to reserve slots just fill out our Registration Form and email us at info@octopusbranding.net Date: November 26, 2016 Time: 10:00 AM to 4:00 PM Venue: Cebu Parklane International Hotel, Archbishop Reyes Avenue Corner Escario Street, Cebu City Seminar Details: “ Family Enterprise Governance, a “ W+B” Family Business Series,  we are inviting you to join us on November 26, 2016/Sat. from 10am-4pm at Cebu Parklane International Hotel, Archbishop Reyes Avenue Corner Escario Street, Cebu City. Get advice from the country’s family business experts on how to lead your family enterprise. Listen to a powerful tandem of family business experts Prof. Enrique Soriano III and Prof. Federico Gonzales. The two [2] speakers will share insights on how to better manage your business within the challenging environment of the Family Enterprise.   To reserve slots please call the seminar organizer, Octopus Branding c/o Cherryl or Jeric at : (02)556-9707/0915-9108686/0915-1813057 or email info@octopusbranding.net.  Seminar Investment at Php 7,700.00 per...
Soriano: Creating Peace And Harmony In The Family Business

Soriano: Creating Peace And Harmony In The Family Business

By: PROF. ENRIQUE M. SORIANO Conflict is different in family businesses. Rules and processes may exist, but most don’t apply to the owners. What’s more, key relationships are grounded in the dynamics of the family itself. And families are governed by power far more than structure. Most families operate on a single rule: parents decide and children obey. No matter how imperious they may be, leaders of non-family businesses are rarely as dominant as matriarchs or patriarchs.” -Josh Baron So true and a very accurate description highlighted by Josh Baron and Rob Lachenauer in their article “Why Fights Erupt in Family Businesses” published in the Harvard Business Review. Senior generation control and next generation entitlement In a family business, escalating conflicts can either come from the patriarchal shadow or from the younger generation’s sense of entitlement. These forms of conflict happen and it is but natural. Like in any other groups of people, the members of the family have their own perceptions, personalities and ways. These differences create divisiveness and lack of peace in the family business. On the positive note, peace can be made possible if the family members will know what factors determine peace and consider them all the time. Determinants of peace in the family business Peace in the family business entails a set of core values, philosophy, common vision and mission, respect, commitment to duty, tolerance, open-mindedness and forgiveness. Core values and philosophy Peace is the result of good values. Values are rooted first in the family. It makes sense to think that in a family business, peace can be attained. Develop a set of core...
Learning from the Demise of the Cosmos Empire

Learning from the Demise of the Cosmos Empire

by Prof Enrique Soriano “Today is Hard. Tomorrow will be worse, but the day after tomorrow will be sunshine.” When confronted with a crisis, its all about preparing for the future says Jack Ma, Alibaba Founder! Family owned and closely held businesses endure or die out depending upon how effectively they plan for the future. Similarly, even small and medium sized family businesses must respond to a crisis.  No company or family can escape some crisis at one time or another. What is a crisis?   It’s any unplanned event, occurrence or sequence of events that family businesses have not had to deal with before.  A crisis  might be external to the business, an economic downturn, a calamity, and earthquakes or internal, the death or disability of the founder, workplace violence, product failure, management failure. Whatever the cause, the key to survival is planning way ahead and the ability to ‘take the long view’.  The irony is that the very definition of a crisis is that it is an event that can’t be fully planned for. However, there are things you can do. Prevention is best. Preparation is Better Evaluate the ways in which your family or company are most vulnerable to a catastrophe.  Identify possible risks and what can cause them.   Any company should have an internal ‘alarm system’.  Pay attention to the warnings. A patriarch suffering a stroke and given six months to live like in the case of Henry would have given the family sufficient time to transition and prepare the process for a leadership change. The Cosmos family’s failed succession plan after the untimely demise of its patriarch Henry Wong is a...