What Makes Family Businesses Last?

What Makes Family Businesses Last?

The Journey to Longevity

In this Collection, Tharawat Magazine explores the phenomenon of family business longevity with three of the world's oldest family businesses.

Marinelli

Armando and Pasquale Marinelli; image by Roberto Salomone courtesy of Marinelli

Armando and Pasquale Marinelli; image by Roberto Salomone courtesy of Marinelli

The Marinelli family of southern Italy has been making church bells for more than a thousand years. Now, brothers Armando and Pasquale continue the tradition, casting bells using the same process as their ancestors for clients including the Vatican. To celebrate their history, Pontificia Fonderia Marinelli also keeps a museum housing one of the world's largest collections of church bells, many of them cast by Marinellis.

We spoke to Armando Marinelli about his family’s early days in the business, the evolution of their industry and the secrets to their longevity.

Houshi Zengoro's family has owned and operated the Houshi Ryokan hot springs hotel for 46 generations dating back to 718 AD, making it one of the oldest family businesses in the world. After adhering to the Japanese custom of passing the business down to the male heir (born or adopted), the Houshi family will soon entrust the ryokan to a daughter for the first time in their long and storied history.

We sat down with Houshi Zengoro to discuss the ryokan's place in Japanese society, the secret to the Houshi Ryokan’s impressive longevity and what modernisation means for the continuation of their legacy.

Houshi Ryokan

Houshi Zengoro; image courtesy of Houshi Ryokan

Houshi Zengoro; image courtesy of Houshi Ryokan

Boplaas 1743

The van der Merwe Family; image courtesy of Boplaas 1743

The van der Merwe Family; image courtesy of Boplaas 1743

The van der Merwe family are behind South Africa's oldest family business, a heritage farmhouse and fruit producer/exporter called Boplaas 1743. Under generations of van der Merwe stewardship, Boplaas has maintained a careful balance between tradition and innovation. The original farmyard was named a South African National Monument in 1973, with guests travelling from far and wide to get a sense of its heritage, while the company's Marlenique Packhouse operates using 90 per cent renewable solar energy produced in their floating solar plant — an African first.

Fanie van der Merwe, the current General Manager of Boplaas 1743, spoke with us about the significance of stewardship, the importance of open dialogue and his vision for a sustainable future.

To round out this collection, we also spoke to Dr Carlo Salvato, Professor of Business Strategy at Bocconi University’s Department of Management and Technology about the complexity of the term longevity, and how entrepreneurial longevity might benefit families more than the longevity of a particular product or business.

Enjoy!

Dr Hischam El Agamy

Carlo Salvato

Dr Carlo Salvato; image courtesy of the subject

Dr Carlo Salvato; image courtesy of the subject