Family businesses dominate the Middle East. There are numerous challenges in sustaining the growth of these businesses. Tony Bury, founder of the Mowgli Foundation (a mentoring organisation for entrepreneurs) suggests in this presentation to Family Forum International that injecting a spirit of entrepreneurship is the key to passing businesses from generation to generation in the Arab World.
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Tony Bury Presentation: Family Forum International 2011
1.
2. The Heroes Journey
Tony Bury
Founder, The Mowgli Foundation
Family Forum International Conference:
15 November 2011
3. Agenda
• What is the greatest challenge facing
the Middle East?
• Why do we need entrepreneurs?
• Role for Family Businesses
• Heroes Journey
Mowgli = Mentoring
4. Youth Unemployment in MENA
% Youth Unemployment
World Average
North Africa
Middle East
0 5 10 15 20 25 30
5. Youth Unemployment in MENA
• 25% of young people on average are unemployed
in MENA countries.
• Youth unemployment in MENA is four times
the adult rate.
• 50% of the population in the MENA region are
under 16 years old.
• ILO: Arab countries alone need to create about
85-100 million new jobs by 2020.
(50m graduate jobs)
6. Current MENA Employment Picture
– Public and Private Sector
% Share of Public Sector in Employment/Human capital
MENA
Latin America
OECD
Asia
Sub-Saharan Africa
0 5 10 15 20 25 30 35
7. Current MENA Employment Picture
– Public and Private Sector
Public sector wages relative to private sector are higher in MENA
than anywhere else
9. Source of Entrepreneurs - Private Sector
Family owned
Corporations
businesses
SMEs/small
businesses
10. Challenge for Family Owned Businesses
Wealth Preservation v Wealth Creation
+
Asset Value/family member is either static or
declining.
SOLUTION =
Entrepreneurs within family owned businesses
11. Entrepreneurship in Family Businesses
Focus on seeking new opportunities
Acceptance of risk of failure > constructive
Family must act as venture capitalists
Entrepreneurial spirit > training and
mentoring
13. Mowgli Mentoring:
Voice of an Voice of a Mentor
Entrepreneur
• Roula (Syria) • Rob
• Saeed • Bashar
14. Mowgli Mentoring Impact
• Supporting 126 mentoring relationships in 5 countries
• 32% of Mowgli’s entrepreneurs are under 30;
• 32% are women;
• 70% of Mowgli entrepreneurs go on to mentor others;
• 80% of mentoring relationships continue after one year;
• 50% of Mowgli entrepreneurs increased business profits in 2010
• 30% recruited more staff
Many more entrepreneurs waiting for mentors NOW in
Lebanon, Palestine, Syria, Jordan, and Egypt
15.
16.
17. Entrepreneurial Eco System
• Aspiration and hope
• Education
• Incubation
• Financial Capital
• Human Capital
18. Family Owned Businesses
“More than 80 per cent of businesses in the Middle East
are family-run or family-owned, with an estimated $1
trillion expected to be handed down to the next
generation within the upcoming five to ten years.”
19. How it works
2-4 day Mentor/Entrepreneur Matching Experience:
•Mentors increase self awareness, listening, mentoring skills
•Experienced facilitator guides participants through relationship
guidelines and framework
•Mentor/entrepreneur ‘matching’ creates fulfilling, supportive 1:1
relationships for the year ahead
Ongoing Mentoring support, for one year:
•Regular peer reviews and 1:1 reviews with mentor facilitator
•Practical leadership guidance, with ongoing monitoring, evaluation and
support
•Access to online Mowgli Knowledge Centre for original learning/support
materials and networking with peers and alumni
Notas do Editor
Animation- appear on clicks
Unemployment rates are slowly decreasing over time, but too slowly (International Labour Organisation 2011 Unemployment Trends Report) and the global economic crisis will probably reverse this trend
MENA has the largest % of human capital in the public sector outside Sub-Saharan Africa.
ECA is Europe and Central Asia
To preview, you have to click on the video and then on the tab at the top that says ‘playback’ then ‘play’ When you give the presentation, it should start once you click.
Put in separate slide:“Roughly 5,000 medium to large family firms exist in the Middle East, with net assets totaling USD600 billion. These companies constitute 75% of the private sector economy and employ 70% of the labor force in the GCC region. “More than 80% of entrepreneurs in the MENA region have very small-scale operations, with enterprise value of less than US$ 15,000. “Family-owned businesses are the backbone of the global economy. They are considered to be the oldest and most prevalent form of business organizations worldwide. According to the Family Firm Institute, family-owned businesses’ contribution to the global GDP is nearly 70–90% per year. “““Family owned companies play a massive part in GCC economies: They account for roughly 40% of the region's non-oil GDP and 50% of private sector employment”“More than 80 per cent of businesses in the Middle East are family-run or family-owned, with an estimated $1 trillion expected to be handed down to the next generation within the upcoming five to ten years, and with family businesses controlling over 90 per cent of commercial activity in the region, as opposed to 65 to 80 per cent in other parts of the world. So the dynamic and effect of their progression and development is huge.”
Optional: This slide can be used to explain the Heroes’ Journey. This concept explains how an entrepreneur’s life often begins with an opportunity or a call to change, and that a mentor’s help and support is crucial in facing and conquering the storms which lie ahead. The Hero’s Journey will occur more than once in the course of your life as an entrepreneur.
You can preview the animation by clicking on the animation tab and then clicking on preview. But you might want to test it out too for speed, etc.