Description
Book SynopsisTrade Review'Based on 15 case studies of innovative business families from North America, Europe, Asia and Oceania, Dita and Sanjay Sharma have distilled practical lessons on how to establish and transform family businesses for long-term success in an ever changing business environment where sustainability issues are increasingly important. An excellent contribution to the world of family businesses.'/i> -- Thomas Schmidheiny and Dieter Spälti, Indian School of Business, India
'We tend to celebrate family businesses for their dedication to their values and purpose. However, we cannot just assume that sustainable development strategies are in-built for family enterprises. They require vision and champions to have a real impact. Nothing is more inspiring than to see such strategies in action which is why you will thoroughly enjoy this book and its global case studies. It provides us with a much-needed foundation for this conversation both academically and practically.' -- Ramia El Agamy, Editor-in-Chief of Tharawat Magazine, Host of The Family Business Voice
'This book is a treasure trove of inspiration and wisdom for any family interested in responsible ownership. Its breadth and depth of knowledge is quite extraordinary. Best practice from decades of experience is distilled between its covers.' -- Andrew Wates, Past Chairman, Wates Family Holdings, UK; Inaugural Chair, Polaris Committee, Family Business Network
Table of ContentsContents: PART I INTRODUCTION 1 Pioneering business families committed to sustainable development 2 Pramodita Sharma and Sanjay Sharma PART II DESIGNED FOR SUSTAINABILITY 2 Sustainability comes naturally: Rocky Mountain Soap Company, a purpose-driven family business 52 Pramodita Sharma, Sanjay Sharma and Alexa Steiner 3 Supreme Creations and Wings of Hope: A symbiotic care of environment and society 76 Pramodita Sharma, Sanjay Sharma and Alyssa Schuetz 4 Biofilter: A Hungarian champion for the circular economy and stakeholder capitalism 99 Caroline Seow and Maria José Parada PART III TRANSFORMED FOR SUSTAINABLE DEVELOPMENT 5 The evolution of a sustainable energy family business: The case of Thermax 125 Kavil Ramachandran and Yashodhara Basuthakur 6 Kemin Industries: A sustainable future in focus 151 Justin B. Craig and Gary Bowman 7 Social capital as a pathway to sustainability at State Garden 175 Pramodita Sharma and Rocki-Lee DeWitt 8 Griffith Foods: Nourishing the world 203 Stuart L. Hart 9 Royal Van Wijhe Coatings: Sustainability over four generations 234 Judith van Helvert and Rosemarie Steenbeek 10 GMA Garnet’s circular economy: Jebsen & Jessen’s leadership in environmental sustainability 252 Marta Widz and Vanina Farber 11 Tahbilk: A fifth-generation Australian family wine business’s journey to sustainability 277 Michael Browne, Chris Graves and Francesco Barbera PART IV INSTITUTIONAL LEADERSHIP FOR SUSTAINABILITY 12 The role of family values in institutional change toward sustainability in the Bordeaux wine industry 304 Sanjay Sharma, Tatiana Bouzdine-Chameeva and Joerg S. Hofstetter 13 The Wallenberg family of Sweden: Sustainable business development since 1856 336 Sarah Jack and Mattias Nordqvist Index
