Forbes Asia Forum: The Next Tycoons
Family businesses are one of the most successful and enduring business models in the world. They are also a key driver of economic growth and employment, contributing significantly to global GDP. In recent years, disruptive technology has dramatically altered the business landscape. In an era characterized by big data, automation, robotics and AI, family-run companies must embrace digital disruption or risk extinction. How are family-run companies coping with this technological revolution? Next-generation business leaders are becoming more selective about their career options, including careers outside the family business. What considerations and challenges do they face? How best can family businesses raise, preserve and optimize capital? Should they go public, take a partner, stay closely held or even consider a sell-out? For family-run companies, it’s not just business but also personal. The 5th edition of Forbes Asia Forum: The Next Tycoons will bring together some of the brightest business leaders of the next generation to examine key opportunities and challenges relating to family businesses.
Moira ForbesExecutive Vice President, Forbes MediaPresident and Publisher, ForbesWomanUnited States
Tharman ShanmugaratnamDeputy Prime Minister and Coordinating Minister for Economic and Social PoliciesSingapore
Matt DalioCEO & Chief of ProductEndlessUnited States
Axton SalimExecutive DirectorSalim GroupIndonesia
Korawad ChearavanontChief Executive OfficerEko CommunicationsThailand
Alvin SariaatmadjaPresident DirectorEmtek GroupIndonesia
Katrina RazonManaging Director, KSR VenturesManaging Partner, Third Culture Music + MediaPhilippines
Abhimanyu MunjalJoint Managing Director and CEOHero FinCorp LtdIndia
Anderson TanotoMember, Board of TrusteesTanoto FoundationIndonesia
Karan VirwaniGeneral ManagerWeWorkIndia
Allen LawChief Executive OfficerPark Hotel GroupSingapore
Tim FergusonEditorForbes AsiaUnited States
Registration desk opens
Guests to be seated
Session I - Family Business 4.0
Big data, automation, robotics, blockchain, the Internet of Things, AI and 4IR. All around us, technology is disrupting and transforming how industries and businesses operate. Companies now face unexpected challenges on a regular basis, brought about by technological innovation. For family businesses, technological advances have also spawned numerous startups that are challenging entrenched incumbents. Family companies must embrace digital transformation or risk extinction. How are family businesses coping with this technological revolution? What must they do to ensure that their business survives and thrives amid unprecedented digital disruption?
Session II - Optimizing Capital
Sometimes family businesses seek new capital to finance growth or capture opportunities. Yet how best to optimize this capital? The options are many to consider—among them an IPO, taking outside shareholders, issuing debt, taking loans, leveraging assets such as property holdings or doing a major merger or strategic partnership. While access to fresh funds is welcome, the path to obtain it may entail a major inflection point for the family business dynamics. The deal structure is a crucial factor, as well as trying to play out the ramifications, both short and long-term, on the family and its business. Our panel will weigh up the pros and cons, from the perspective of those who are considering, or may have already taken, steps to optimize capital.
Session III - Breaking Free
Over generations, some family members will choose not to work for the family business. Talented next gens are becoming more selective about their career options. For some, the passion of their parents may not mirror their own. Forging a different career path and seeking work experience outside the family business, or taking a completely new direction, have become common options. What are the dynamics of these decisions within the family and the family business? How have these next gens come to grips with breaking free, and what are the pros and cons? This panel gathers a line-up of next gens who choose to pursue their calling.
Korawad Chearavanont, Chief Executive Officer, EKO Communications
Matt Dalio, CEO & Chief of Product, Endless
Katrina Razon, Managing Director, KSR Ventures, Managing Partner, Third Culture Music + Media
Session IV - Making an Impact
“To give away money is an easy matter and in any man's power. But to decide to whom to give it and how large and when, and for what purpose and how, is neither in every man's power nor an easy matter” wrote Aristotle. In Asia, next generation business leaders are increasingly taking the lead in giving back to society. From traditional notions of philanthropy to social impact investing, how are resources being allocated to address pressing issues around the world? For this emerging generation of philanthropists, what motivates and drives them? How can one give earlier, more efficiently and have the most optimal impact over the decades to come?
Anderson Tanoto, Member, Board of Trustees, Tanoto Foundation