Morten Bennedsen, The André and Rosalie Hoffmann Chaired Professor of Family Enterprise at INSEAD and Academic Director of the Wendel International Centre for Family Enterprise

Family ownership can vary from thousands of family members to just one single owner. How to choose the right number for your family business?

As a vehicle for wealth management, the family office is still relatively new in Asia, but that’s now changing. Opportunities abound for managing this family wealth.

  • Family firms are dominating global business today. To ensure longevity, they must phase their many challenges through long-term planning. The first step is to design a road map for the future governance of the firm and the family.

  • Clear and well defined family values, trust, networks and innovation are often the bedrock for success in family firms, but designing governance structures to face ownership and succession roadblocks are also essential for longevity.

  • There were no sweet goodbyes when Britain lost Cadbury to U.S. food giant Kraft. How did the once family-owned firm run on strict Quaker values fall victim to globalisation?

  • Threatened by a sudden and hostile takeover, the Hermès family sought strength in unity and formed an elaborate defence to ensure the 130-year-old company remained under family control.

  • Family businesses have to align their values and expectations with the external hires they bring in to help manage their companies. Incoming executives should also have the freedom to run with their own ideas.

  • It’s twice the price of store brand coffee, but aficionados happily pay it. What makes a niche brand of coffee so sustainable? INSEAD Knowledge meets CEO of illycaffè, Andrea Illy, to find out more about this business model with a difference.