One of the things my father loved to say to our mother was, “We’re bringing up children not chickens. They have to learn to stand on their own two feet.” One of the most important lessons we were taught growing up was that only by learning to manage ourselves and take responsibility can we hope… [Read the full article]
Author: Phương Uyên Trần
How to Decide Whether Your Company Should Take a Buyout
The situation will occur—it almost always does for a company that has found an effective way to deliver the right product to the right customers in the right way. Those are the companies that have connected with their market in a personal way and as a result have been successful, yielding greater growth. That growth… [Read the full article]
The Importance of Making A Family Company Truly Part of The Family
While it is vital to implement clear boundaries for family members that operate a business together, it is just as important for the business to be an integral part of the family its values. Naming each member involved in your business is the easy part. Explaining how they should all interact with each other, and… [Read the full article]
Four Qualitative Attributes Needed for An Enduring Family Business
Ensuring that any business thrives long-term is a challenge, add the inevitable struggles that come with family, and suddenly, the reality of creating an enduring business becomes daunting. It is doable, however. Some of the largest, most successful, multinational firms are family-owned. How are these companies able to sustain this success despite rising generations, ever-changing… [Read the full article]
The Importance of Localized Promotion Around the Globe
Globalization can sometimes get a bad reputation. It’s often blamed for the eradication of culture that thrived before the internet and accessible international travel. However, our ability to interact and participate with one another is not something to regret. Instead, globalization needs a different slant. Perhaps its benefits are best realized when participants stay genuinely… [Read the full article]
Four Ways to Set Boundaries in Your Family Business
The concept of yin and yang – or understanding of dualism – is a significant one in the Asian culture. Nowhere is the balancing of two equal, yet different, forces to create good boundaries more appropriate than in a discussion about work and life. It is particularly relevant for family-owned businesses where multiple members of… [Read the full article]
Why Your Company Needs More Female Leaders
I’ve had nothing but positive examples of strong, power-contributing women in my life. Even amongst traditional sexism and discrimination, the women that came before me set an expectation of what I can achieve with hard work and the level of respect I deserve. My paternal grandmother was a strong woman who had no intention of… [Read the full article]
How the Millennial Movement Impacts Business
Vietnam has hit a demographic sweet spot: 50 percent of the population is less than 34 years of age. They represent the millennial movement, a social-media-driven generation, who have had access to anything and everything happening around the globe. Of course, this is the case for this generation on every continent across the world. This… [Read the full article]
Keeping Family Tradition Whilst Staying True to You
Family traditions are what society is built on. Our heritages, beliefs, and cultural traditions provide purpose and belonging to each of us throughout the world. These traditions, when intertwined with business can become challenging, as each person has unique personalities and with that unique goals and interests. Just as I see myself a citizen of… [Read the full article]
The Importance of Failing
When one reflects on the success of THP, it’s difficult to not associate that success with the personal traits of my parents. There is no limit to their ambition, and they are relentless in pursuing their dreams. My father literally never gives up. Everything that they believe is encapsulated in THP’s seven core values. The… [Read the full article]
