family business...industry: food retailing revenues: $4.079 billion employees: 30,722 fiat group (6)...
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FAMILY BUSINESSIgor Čizmadija
Erasmus+ project „Do It Yourself”
Lithuania, 12/10/2016
Energizer....
BRATEC MARTIN, BRATEC MARTIN,
KAJ JOŠ SPIŠ, KAJ JOŠ SPIŠ,
VEĆ TI VURA TUČE?VEĆ TI VURA TUČE?
BIM, BAM, BOM, BIM, BAM, BOM.
What is the percentage of Familiy businesses in the world?
Over 85% of all businesses are Family
businesses.
Family businesses represent the involvement of the family members in doing a certain economic activity with the intention of making a profit, no matter which legal form is used to do business.
The most common form of running a family business is by one person with the inclusion of other family members (father, mother, children).
What is actually a Family business?
What are possible legal forms of Family businesses?
Limited Liability
Companies
Regular
Companies
Crafts
Family farms
Which legal form to choose?
It depends on:
- the family business activity,
- the goals of the business,
- the expanding of the business.
What are advantages of Famaly business?
• Family connection and desire to keep everything they earned,
• Readiness to deny oneself of a lot of things,
• Keep the humanity of the work place,
• Focus on long-term busniness activities,
• To emphasize the quality to keep the tradition.
What are disadvantages of Family business?
• Unprofessionalism and improvisation,
• The lack of management abilities,
• Mixing family and work relations with the occurrence of nepotism,
• The disagreement between affinities of individual family members and familial expectations,
• High level of risk from bankruptcy leaving all mambers without funds and employment.
What is the most common problem which Family businesses face?
Transition to the next genration!
An interesting fact
Out of 100 family business only 10 survive the first generation, and only 1 remains till the second generation.
Where can we find the oldest Family business in world?
Little help: Land of the rising sun
Correct answer: Japan
Kongo Gumi
Founded in year 578
Industry: Construction
Prince Shotoku invited the Kongo family from Korea to Japan to build the Buddhist temple Shitenno-ji, which exists even today. Kongo Gumi participated in the construction of many famous buildings, including the 16th-century Osaka Castle. Today the famliy also does construction and maintains temples. The last president was Masakazu Kongo, the 39th Kongo to lead the firm.
Well known Family busnesses worldwide...
Wal-Mart Stores (1)
Walton/Bentonville, Arkansas
Industry: Discount retail chain
Founded: 1962
Revenues: $244.5 billion
Employees: 1.4 million
Ford Motor Co. (2)
Ford/Dearborn, Mich.
Industry: Auto manufacturer
Founded: 1903
Revenues: $163.4 billion
Employees: 350,321
Samsung (3)
Lee/Seoul, South Korea
Industry: Conglomerate
Founded: 1938
Revenues: $98.7 billion
Employees: 175,000
•Ikea (50)
Kamprad/Helsingborg, Sweden
Industry: Furniture
Revenues: $11.779 billion
Employees: 75,500
Jerónimo Martins (120)
Soares dos Santos/Lisbon,
Portugal
Industry: Food retailing
Revenues: $4.079 billion
Employees: 30,722
Fiat Group (6)
Agnelli/Turin, Italy
Industry: Automobiles
Revenues: $61.014 billion
Employees: 186,492
Well known Family busnesses worldwide...
Do you know of any other company which is a Family business?
EXCEPTION: Pottery craft in Leliũnai, which we visited yesterday!
Thank you for your attention!