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Far ida F . E l Agamy and Ramia M. E l Agamy KhanChi leday • 1 1 th September 2019
F A M I L Y B U S I N E S S E S A N D T H EN E W E C O N O M Y
O N T H E R O L E O F F A M I L Y W E A L T H A N D E N T E R P R I S E
OUR FAMILY BUSINESS LEGACY
THE FAMILY
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1
1991
2000
2002
2004
2006
2008
2010
2012
2014
2016
2019
OUR FAMILY BUSINESS LEGACY
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 2
1991
2000
2002
2004
2006
2008
2010
2012
2014
2016
2019
OUR FAMILY BUSINESS LEGACY
Ch i l ed ay • 11t h Sep t em b er 20 19 • 2
CONTENT
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 3
T H E N E W E C O N O M Y – T H E A G E O F D A T A
T H E F A M I L Y B U S I N E S S I N T H E N E X T E C O N O M Y
F R O M F A M I L Y B U S I N E S S T O F A M I L Y O F F I C E
W E L I V E I N A C O M P L E X W O R L D .T H E N E W E C O N O M Y I S H E R E .
I T I S T H E A G E O F D A T A .
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 4
LAW OF ACCELERATING RETURNS
Our increasing ability to process data...Kurzweil’sLaw ofAcceleratingReturns
Source: DOMOData Never Sleeps 6.02018
THE WORLD IN DATA
THEIOT
An explosion of connected possibilities
Esecurityplanet.com Source: opentechdiary2017
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 7
CONTENT
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 8
T H E N E W E C O N O M Y – T H E A G E O F D A T A
T H E F A M I L Y B U S I N E S S I N T H E N E X T E C O N O M Y
F R O M F A M I L Y B U S I N E S S T O F A M I L Y O F F I C E
BIG CONSEQUENCES
DISRUPTED THINKING: From Causality to CorrelationsFrom Exactitude to Chaos
Example of Duolingo
DISRUPTED SOCIETY:
Privacy, Consumption
NetworksIoT
DISRUPTED INDUSTRIES:Historic Data Usage,
Sharing Economy, Big Data Companies
New Value System
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 9
FORINDUSTRIESWE FACETHE DIGITAL VORTEX
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 0
Source: DIGITAL VORTEX 2019, IMD and CISCO, 2019
PRESSURES ON OUR BUSINESSES
EXTERNAL INTERNAL
ECONOMIC
ENVIRONMENTAL
SOCIAL
POLITICAL
DECISION-MAKING
WAR FOR TALENT
INNOVATION
DIGITALISATION
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 1
FAMILY BUSINESSES HAVE A HISTORY OF DISRUPTION AND INVENTION
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 2
1873Blue Jeans
Levi Strauss & Co.Strauss Family
1913Moving Assembly Line
FordFord Family
1897Condensed Soup
Campbell Soup CompanyCampbell Family
1891Swiss Army Knife
VictorinoxElsner Family
1938Instant Coffee
NestléNestlé Family
FAMILY BUSINESSES HAVE A HISTORY OF DISRUPTION AND INVENTION
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 3
1956Ready-to-assemble Furniture
IkeaKamprad Family
1963Tetra BrikTetra Pak
Rausing Family
1962Zig Zag Fabric
MissoniMissoni Family
1958Instant Noodles
Nissin FoodsAndo Family
1969Glue Stick
HenkelHenkel Family
FAMILY BUSINESSES HAVE A HISTORY OF DISRUPTION AND INVENTION
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 4
1969Quartz Watch
SeikoHattori Family
1997Hybrid Vehicle
ToyotaToyota Family
1983Mobile Phone
MotorolaGalvin Family
1982CD’s
PhilipsPhilips Family
1998MP3 Player
Saehan GroupLee Family
2008Tata NanoTata MotorsTata Family
CONTENT
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 5
T H E N E W E C O N O M Y – T H E A G E O F D A T A
T H E F A M I L Y B U S I N E S S I N T H E N E X T E C O N O M Y
F R O M F A M I L Y B U S I N E S S T O F A M I L Y O F F I C E
THE FAMILY BUSINESSES
IN THE NEW ECONOMY
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 6
WHY WE FAIL
Preservation is not Growth
Impeding the Next Gen
Fixation on Reputation
Identity linked to core activity
Underestimating importance of
employer branding
WHY WE SUCCEED
Purpose-driven and embedded
Tacit intelligence of generations
Deep values and experience
Emotionally invested Next Gen
Strong Culture and Identity
IT IS THE AGE OF FAMILY BUSINESSES
Family businesses in the next economy as
investors and investment
opportunities
Growth in purposeful family wealth
C h i l e d a y • 1 1 t h S e p t e m b e r 2 0 1 9 • 1 7
T H A N K Y O U
