14/07/2014
Eastern Chamber issued the eighth issue of the Bulletin of the family business
"Family": 15 percent of the "family Business" succeed in the first 5 years and 3 percent up to the fourth generation
Family report issued by the Chamber, represented by the Department of public information in its new 8-stressed on the importance of strategic planning and effective role in the future to improves the competitiveness of family businesses. The bulletin provided cover for events ' corporate governance in family business forum 2014 which was organized by the Chamber Headquarters early May entitled ' challenges to the continuity of generations ' under the auspices of the Minister of Commerce and industry Dr. Tawfig Alrabiah witch saw participation by specialists with news in the corporate sector in Saudi Arabia, the Gulf and the Arab world. And in the news pages marked by publication of some events that are interested in the family business also posted information about programs and seminars that address the most important challenges of the sector and interested in educating family businesses was highlighted by a (Gulf family businesses Forum) next October in Dubai.
The bulletin also presented in its pages some of the special reports dealing with expertise and information about the reasons for the success of family businesses and investments in addition to the life terms of newsletter specializing in strategic management and family business Dr. Sami Bin Abdulla Al wahaibi, a prolonged dialogue with the Vice President for strategic management group (Zamil) Mahmoud Alsaid who explained that a company with family a double-edged sword should be converted into energy management success. Specialized pages included in most studies and research in this area, along with several reports on the most important family business and achievements that were achieved worldwide after becoming and so reviewed ' IKEA ' founded by Ingvar kamprad Ingvar Kamprad was, initially, a collection of small shops, then turned into four years to manufacture a number of appliances, the vision for the development of its business.
In 1943, kamprad opened the first shop devoted to furniture, and at the age of 17 years, with funds he received from his father a ' gift ' for success in school. CEP is currently composed of acronym for IKEA of the initials of the founder's name and surname and the first letter I.K E for Elmtaryd farm family, A character from the hometown kamprad and Agunnaryd, in addition to other details featured in the report in the bulletin.
