The sustainability of family businesses was discussed in detail at the meeting held with the cooperation of TAIDER Family Business Association and Deloitte Turkey. Speaking at a panel, Arkas Holding Executive Vice President Bernard Arkas said “Looking at the point we have arrived today, we see that we have established a group under the leadership of my father that can make and apply right decisions all together”, emphasizing that it is a must to prepare next generations in the long run.
Leaders of family businesses and next generation executives gathered together at the meeting organised by TAIDER Family Business Association and Deloitte Turkey at the Aegean Young Business Association’s (EGIAD) Centre of Social and Cultural Activities under the theme “Good Management Practices in Family Businesses”. The meeting was moderated by Ali Cicekli, Deloitte Private Turkey Programme Leader, and the speakers included Alp Ogucu, Lila Group General Manager; Bernard Arkas, Arkas Holding Executive Vice President; Murat Kolbasi, Chairman of the Board of Arzum; and Perihan Inci, Inci Holding Board Member.
Addressing at the panel during which good practices, knowledge and experiences were shared around all affairs concerning family businesses such as institutionalisation, sustainability, intergenerational transition and communication, Bernard Arkas, Arkas Holding Executive Vice President, described their current situation and told about the experience they have had so far as the fourth generation representatives of the holding.
“Passing the Torch to the Next Generation is a Gradual Plan”
Pointing out that the driving force behind the Turkish economy is the family businesses as in the other countries, Arkas said:
“As is the case in all over the world, the most common problem of family businesses in our country is the intergenerational transition. I think that there is a direct correlation between the growth of family businesses in a strong and sustainable manner and the increase in the national welfare. At Arkas, we suddenly made some significant decisions in late 1990s. The first was about institutionalisation. We established the holding as a prerequisite of institutionalisation. This structuring paved the way for the holding to grant authorities to the next generation, I mean, to us. Thus, we assumed a serious amount of responsibility, as well as freedom concerning the administrative and commercial structuring of the newly established holding. In 2007, we prepared the “Arkas Family Constitution” in order to help next generations of our family and prevent them from having problems. Passing the torch to the next generations is a matter of process. You need to prepare them gradually in the long run. The right planning process that we believe in as a family starts to take shape when the new generation family member begins to work. In this way, professional know-how, training and gradual responsibilities are developed within a progressive planning. Our biggest chance as the new generation was that our father was always preparing us for work in a systematical manner. Looking at the point we have arrived today, we see that we have established a group under the leadership of my father that can make and apply right decisions all together.”
Thereafter, Alp Ogucu, Lila Group General Manager; Murat Kolbasi, Chairman of the Board of Arzum; and Perihan Inci, Inci Holding Board Member all told the success stories of their family businesses, and the panel ended with TAIDER’s submission of thank-you plaques to the panelists.