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reputation

February 10, 2014

Family-owned firms are the most trusted businesses globally, a new survey released this month reveals, but one family business expert says not all family businesses are doing enough to exploit their reputation.

Family-owned firms are the most trusted businesses globally, a new survey released this month reveals, but one family business expert says not all family businesses are doing enough to exploit their reputation.

According to the 2014 Edelman Trust Barometer, 71% of respondents said they trusted family-owned businesses, just ahead of small and medium enterprises, which were trusted by 68% of respondents.

In North America family-ownership played an even bigger role in trust, with 85% of respondents there saying they trusted this ownership model.

October 9, 2013

A top athlete’s name, money and drive can be an incredible boost for a charity, but does a career at the pinnacle of sport prepare you for life as a philanthropist? CampdenFB reports

After the final slog towards the Arc de Triomphe on the last leg of the 2005 Tour de France, world famous cyclist Lance Armstrong took to the podium to take the yellow jersey for a record-breaking seventh time.

Over the course of his career “le Boss” had become a household name – his tale made all the more powerful because it was a near miracle that he had ever raced at all. At the age of 25, Armstrong had been diagnosed with advanced testicular cancer, and even after hasty surgery doctors had only given him a 40% chance of survival. But survive he did.

August 25, 2010

Families need to understand the risks to their business’s reputation and employ effective strategies to combat an increasingly litigious environment. Elizabeth Henson looks at how family businesses can protect their reputation.

Increasingly, family businesses are facing a rise in litigation and a greater propensity for them to be viewed as celebrities, open to attack from the mass media, unscrupulous advisers and other hostile parties. This is a real threat, and one that must be addressed if businesses are to be effectively passed down the generations.

Whilst a strategy for public relations and litigation are regarded as essential by most successful multinational corporate organisations, family businesses frequently neglect to establish similar functions for their own specific needs.

August 18, 2010

Family ownership is a big factor in the success of the luxury consumer sector, which has rebounded sharply since the credit crisis, according to a leading analyst, writes Marc Smith.

Family ownership is a big factor in the success of the luxury consumer sector, which has rebounded sharply since the credit crisis, according to a leading analyst, writes Marc Smith. 
 
Scilla Huang Sun, the lead fund manager for Julius Baer's luxury brands fund, said: "Luxury brands that have a majority owner like a family are likely to have a long-term strategy in place, which is vital to their success."
 

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