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How to Manage Rapid Growth and Build Culture in the Family Business
Paraco Gas is celebrating its 50th anniversary this year. The third-generation family firm is the 10th largest propane retailer in the United States, serving 120,000 customers throughout the northeastern U.S. Half a century ago, Pat Armentano, Paraco's founder, began selling propane out of his garage in Mount Vernon, New York. His granddaughter, Christina, the Executive Vice President of Sales and...
Sennheiser
For audio enthusiasts and professionals alike, Sennheiser is synonymous with a superior audio experience. Channelling his passion for meticulous design, Prof Dr Fritz Sennheiser, entrepreneur and inventor, founded the company in 1945 to celebrate the profoundly human expression of music in a post-war world. From developing the first directional microphones in the 50s and open-backed headphones in the 60s to...
Grupo Ferré Rangel: Internationalisation, Diversification and Social Innovation
With a strategic approach that emphasises internationalisation, diversification and social innovation, Grupo Ferré Rangel, Puerto Rico's family-owned, multinational, strategic investment holding company, has achieved that delicate and powerful balance that has defined the family’s success for over a century. The company's policy of social innovation was initiated by its founder and has been transmitted from generation to generation through the...
Symphony: Returning from the Brink of Bankruptcy to Lasting International Success
By identifying a niche in the hypercompetitive Indian market and maintaining a strategy of continuous product development, Symphony revolutionised the air coolers category. After making a public offering in the early 1990s, founder Achal Bakeri acted on the advice of his investors to rapidly expand Symphony's product line. Ostensibly, widening the scope of their catalogue would enable them to access...

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Tharawat Magazine Issue 41

Marketing and the Family Business – Issue 41, February 2019

 Over the past few decades, the influence of transformative technology has radically changed the way businesses interface with consumers. Digital marketing is now so...
issue 40 Tharawat Magazine

Artificial Intelligence – Issue 40, November 2018

 The development of artificial intelligence has accelerated dramatically over the last decade, and the impact can be felt in all walks of life. Family...
Issue 39 Roles in the Family Business

Roles In The Family Business – Issue 39, August 2018

There are many subtle nuances to navigating the interactions between fathers, mothers, daughters, sons, siblings and cousins who are also the founders, inheritors, owners...
Tharawat Magazine Issue 38 - Big Data

Big Data & The Family Business – Issue 38, May 2018

Rarely has a technological innovation been so promising yet seemingly so difficult to understand as big data. Proponents of the technology envision a world...
Tharawat Magazine Issue 37

Family Business Culture – Issue 37, February 2018

Companies that emphasise a strong and consistent culture outperform those that don’t. But what are the ingredients that make up this ineffable sense of...
Tharawat Magazine Issue 36

Issue 36, November 2017 – 21st Century Leadership

In times of fast-paced change, we look to our leaders for vision, values, and confidence. The beginning of this 21st century has undoubtedly brought...
Issue 35, August 2017

Issue 35, August 2017 – The Pursuit of Happiness

What makes us happy? It is a question that has baffled philosophers, artists, academics, and probably every human being on earth throughout history....
Issue 34, May 2017 - Digital Strategies

Issue 34, May 2017 – Digital Strategies

Through the rapid development of digital technologies, business owners face a time of rapid change and of seemingly endless possibilities for reinvention. Clearly, the...
Issue 33, February 2017 - Environmental Business Models

Issue 33, February 2017 – Environmental Business Models

Welcome to the first issue of Tharawat Magazine in 2017, a year that promises to be full of unanticipated developments. As we navigate uncertain...
Issue 32, November 2016 - Future Industries

Issue 32, November 2016 – Future Industries

Issue 32 of Tharawat Magazine examines the rise of the Fourth Industrial Revolution, and how technology and rapidly changing business models affect family businesses...
Issue 31, August 2016 - The Journey to Growth

Issue 31, August 2016 – The Journey to Growth

In Issue 31 of Tharawat Magazine, The Journey to Growth, we focus on what it takes to grow in the context of a fast-moving...
Issue 30, May 2016 – Rise of the Family Office

Issue 30, May 2016 – Rise of the Family Office

With more business families ascending to wealth around the world, finding solutions to manage fortunes responsibly has become paramount, leading to the proliferation of...

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Issue 41 Marketing and the Family Business

MARKETING AND THE FAMILY BUSINESS (ISSUE 41)

Sennheiser

Sennheiser: The Sound of Family Business Success

For audio enthusiasts and professionals alike, Sennheiser is synonymous with a superior audio experience. Channelling his passion for meticulous design, Prof Dr Fritz Sennheiser,...

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