Family Business Sustainability Case Studies Across the World

Edited by Tulsi Jayakumar, Professor of Finance and Economics and Executive Director, Centre for Family Business and Entrepreneurship, SPJIMR, India, Elisa Conti, Associate Professor of Economics, Department of Economics, Finance and Law, Member of the IPAG Chair for Sustainable Family Business and Entrepreneurship, IPAG Business School, Andrea Calabrò, Professor of Family Business and Entrepreneurship, Director, IPAG Chair for Sustainable Family Business and Entrepreneurship, IPAG Business School, France, Academic Director, STEP Project Global Consortium, the Netherlands, Adriana Andrea Amaya Rivas, Associate Professor of Entrepreneurship and Innovation Management, ESPAE Graduate School of Management, Escuela Superior Politécnica del Litoral, Guayaquil, Ecuador and Yeny E. Rodríguez, Associate Professor of Finance, School of Management, Universidad de los Andes, Bogotá, Colombia

• ContentsForeword by Rodrigo Basco ix1 The grand transition: family businesses leading the path towardsa sustainable future 1Tulsi Jayakumar, Elisa Conti and Andrea Calabrò2 ‘We are all guests in nature’: three generations of family hospitalityin a Dutch tourist hotspot 10Bart Hoogeboom and Erik Veldhuizen3 Mangiatorella SpA: turning one’s inclinations into business 22Giorgia D’Allura and Andrea Calabrò4 Fit for the future: navigating governance and sustainability ina Saudi family business 33Dalal Alrubaishi, Mohamed Batterjee, Hanoof Abokhodair and Basma Khoja5 “Moving” the cheese! Navigating sustainability in Agarwal Packers &Movers Ltd. (APML), India 44Tulsi Jayakumar6 Asia Green Group: crossing the generational chasm for sustainability 61Frank W. Ng, Kelly X. Chen and Jeremy C. Y. ChengVoices of sustainability: insights from global business leaders 737 Beyond pills and profits: Corpol’s journey of resilience, legacy, andtomorrow’s pharma landscape 84César Cáceres, Guillermo Cangahuala, Carmen Pachas, DiegoCavero, Alexandra Tello and María Fe Echevarría8 Agrosan S.A.: preserving sustainability amidst waste 95Luz Elena Orozco C., Yeny E. Rodriguez and Norma Ortiz Silva9 From follower towards leader: the sustainability journey of theCeltic Ross Hotel 110Linda Murphy, Dave Alton, Jane Bourke, Ciara Heavin, OliveMcCarthy and Geraldine Ryan10 Sustainability at the crossroads: the Verniprens legacy gamble 124Alexandra García Joerger, José María Fernández Yáñez,Montserrat Boronat Navarro, Alba Puig Denia and Beatriz Forés Julián11 Restoria: navigating sustainability and family values in corporatesocial responsibility 138Mariem Hannachi12 Surfing sustainability in family firms: lessons learned 154Tulsi Jayakumar, Elisa Conti, Andrea Calabrò, Adriana AndreaAmaya Rivas and Yeny E. RodríguezReferences 162Index 166