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Trend: What all need to talk
Setting cooperation between the owner of the family business and the external manager is an important process with many specifics. His mastery is one of the preconditions for future successful cooperation and the development of family business. Read more in the paragraph of Mario Fondati, Partner at Amrop Slovakia, which is a part of the final episodes Rodinné firmy (Family Businesses) series published in the weekly magazine Trend.
TA3: Trade deal with the U.S.
TV channel TA3 reported in its news Žurnál also about TTIP – Transatlantic Trade and Investment Partnership – which the EU and the U.S. want to conclude already this year. Erik Szedély, Account Manager at public affairs and government relations company Fipra talked to TA3 about how TTIP could benefit also Slovak small- and medium-sized enterprises mostly by eliminating various administrative and other barriers.
Trend: Management Buy-In
Although the Management Buy-In process is better known in financial engineering, many family businesses invite external consultants who have rich experience in market and family business. Read more about the basic rules and practical examples in the paragraph of Marek Hradílek, Senior Consultnat at Amrop Slovakia, which is a part of Rodinné firmy (Family Businesses) series published in the weekly magazine Trend.
Trend: Trust and loyalty are the basis
If the founder of the family business doesn’t have a suitable successor in the family or if there is no other manager suitable for taking over the main rudder, there doesn’t remain no option, but to reach for professional managers from the external area. Read more about the specifics of resolving such a situation in the paragraph of Mario Fondati, Partner at Amrop Slovakia, which is a part of Rodinné firmy (Family Businesses) series published in the weekly magazine Trend.
Hospodárske Noviny: Transatlantic trade not only for the big ones
Chargé d´Affaires of the U.S. Embassy in Bratislava Liam Wasley mentioned the project Transatlantic Trade: New Opportunities for Slovak Companies in his commentary for economic newspaper Hospodárske noviny, which focused on EU-U.S. negotiations on TTIP – Transatlantic Trade and Investment Partnership. The project was prepared by European Public Policy Partnership (EPPP) in cooperation with consulting company Fipra Slovakia with support of the U.S. Embassy in Bratislava.
Trend: The succession – internally or externally?
There are two options of resolving the succession in a family business. The first is the education and proper evolvement of a family member who will replace the owner or the founder at the right time, the second option is the cooperation with external professional manager. Read more about the advantages and the disadvantages of both options in the paragraph of Mario Fondati, Partner at Amrop Slovakia, which is a part of Rodinné firmy (Family Businesses) series published in the weekly magazine Trend.
The Slovak Spectator: Employee education has benefits (BONUS: Language, IT courses sought)
Gaining new skills that enhance chances for career growth is one thing that younger workers appreciate from their employer. By providing such benefits, employers gain not just more qualified workers but also gain more loyalty. Also Lucia Nacíková, Consultant at consulting company Amrop and one from five HR experts in the supplement Human Resources of The Slovak Spectator gave her opinion to this topic.
Goldman: I invest primarily in relationships
In the May issue of monthly Goldman with the headline – there is nothing average here, is published a great interview with Martin Krekáč, founder and chairman of Jenewein Group. Tomáš Szmrecsányi, editor asked many questions not only about the beginning of a success story of Jenewein Group 27 years ago but also about the future plans in a professional and personal life. Interesting content of the article is illustrated by traditionally excellent photos of Jozef Barinka.
Forbes: When the family doesn’t know how
The family businesses are maturing in Slovakia, the founders need to resolve a number of questions such as succession, management and distribution of family property or even entrusting of the company to external management. Magazine Forbes discussed with two experts about what is family business dealing with and how it should proceed in different situations. One of the experts is Mario Fondati, Partner and Family Business Leader at the consulting company Amrop Slovakia. The full interview is available to read in the May issue of magazine Forbes.
Trend: The specifics of relations of owner – manager – family
Each corporate body consists of a combination of relations of varying intensity and quality. In the working hierarchy, moreover, there are different positions and different roles. In the companies with several shareholders or in the global corporations listed on the stock exchange, it is primarily about relations of management – employees, but in case of family businesses there are several specific features. Read more in the paragraph of Mario Fondati, Partner at Amrop Slovakia, which is a part of Rodinné firmy (Family Businesses) series published in the weekly magazine Trend.