Anani Tackles Future of Family Businesses at Talal Abu- Ghazaleh Knowledge Forum
According to Anani, companies need to have a clear strategy stressing that without a clear and comprehensive strategy, companies can never survive
AMMAN----- April 10, 2014 ------ The Family Business Governance Centre, the platform to set, develop and promote the standards of family businesses, hosted HE Senator Jawad Anani in a seminar on the Future of Family Businesses held at Talal Abu- Ghazaleh Knowledge Forum.
According to Anani, companies need to have a clear strategy stressing that without a clear and comprehensive strategy, companies can never survive.
"We can see this in many cases around the world that is why hiring the best qualified persons should be a key in the survival of family businesses," he added.
Dr. Anani focused on the need to have a clear succession system to handle the administration and management issues of the family business.
"So far we don’t have one (succession system) and lack of such a system exposes any business to discontinuation due to having the wrong family member in the wrong position, head of the business dealing with simple administrative issues and favoritism in addition to other concerns," he added.
Dr. Anani, however, stated that despite all family businesses are considered the backbone of Jordan's economy and there is no doubt the future is brighter for them.
Meanwhile, Family Business Governance Centre President Mr. Luay Abu-Ghazaleh announced that the Centre is planning to have a strong presence in other countries.
Audience reacted to Anani's economic points of view by expressing their ideas from their own experiences.
About Family Business Governance Center
The Family Business Governance Center (FBGC) is a nonprofit organization dedicated to promoting awareness about the important role played by family businesses in the international economies. The FBGC is the work of a group of family business owners who share a host of qualities and aspirations for a better future for the next generation of business leaders.