Families are far too familiar with this word – transition. It is a phenomenon they take on with every generation; and those who succeed can hold the mantle of a proud multi-generation family, who prosper with humility, knowing this “too shall pass” and the success will be put to test yet again by the next generational transition in a few decades.
Transition, is deeply familiar and entrenched in psyche of families in business; but it is now a global phenomena and deserves to be a theme that binds and connects our members as they congregate for the 2022 annual forum.
Transition is at the forefront of all conversations. In the GCC, a significant portion of familyowned businesses are the crossroads of transitioning ownership and management from G1to G2, or from G2 to G3.
Transition from fossil fuels to renewable energy.
Transition from traditional, segregated work-life to a more emerging, blended work-life.
Transition from a unipolar to multi-polar global dynamics.
Transition from globalization to regionalization.
Transition from physical to a virtual world of metaverse and digital consumption.
And with every transition, comes both tension but also exhilarating opportunities. So we call this year’s theme “The Great Transition” to mark your transitions, and the worldwide, systemic transitions that also play into your family journeys.
We look forward to a day of scintillating conversations and meaningful connections.