Tony Bury Presentation: Family Forum International 2011


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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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  • 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.
  • Optional slide
  • Tony Bury Presentation: Family Forum International 2011

    1. 1. The Heroes Journey Tony BuryFounder, The Mowgli Foundation Family Forum International Conference: 15 November 2011
    2. 2. Agenda• What is the greatest challenge facing the Middle East?• Why do we need entrepreneurs?• Role for Family Businesses• Heroes Journey Mowgli = Mentoring
    3. 3. Youth Unemployment in MENA % Youth UnemploymentWorld Average North Africa Middle East 0 5 10 15 20 25 30
    4. 4. 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)
    5. 5. Current MENA Employment Picture – Public and Private Sector % Share of Public Sector in Employment/Human capital MENA Latin America OECD AsiaSub-Saharan Africa 0 5 10 15 20 25 30 35
    6. 6. Current MENA Employment Picture – Public and Private SectorPublic sector wages relative to private sector are higher in MENAthan anywhere else
    7. 7. Why do we need entrepreneurs.?
    8. 8. Source of Entrepreneurs - Private Sector Family owned Corporations businesses SMEs/small businesses
    9. 9. 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
    10. 10. 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
    11. 11. Based on the theories of Joseph Campbell
    12. 12. Mowgli Mentoring: Voice of an Voice of a Mentor Entrepreneur• Roula (Syria) • Rob• Saeed • Bashar
    13. 13. 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
    14. 14. Entrepreneurial Eco System • Aspiration and hope • Education • Incubation • Financial Capital • Human Capital
    15. 15. Family Owned Businesses“More than 80 per cent of businesses in the Middle Eastare family-run or family-owned, with an estimated $1trillion expected to be handed down to the nextgeneration within the upcoming five to ten years.”
    16. 16. How it works2-4 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 aheadOngoing 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