Multigenerational publishing family advances contribution of family firms worldwide
5/4/2004 - EVANSTON, ILL.--The Bonnier family of Sweden has been named the recipient of the 2004 Kellogg Award for Special Contributions to Family Business given by the Kellogg School of Management at Northwestern University. The annual award, given by the Kellogg School's Center for Family Enterprises, recognizes a business family for its leadership and significant contributions to the field of family business study.
Two members of the Bonnier family will receive the award at the 2004 Kellogg School Family Business Conference to be held May 18-19: Carl-Johan Bonnier, chairman of the board of the Bonnier Group, and Hans-Jacob Bonnier, chairman of the Bonnier Family Foundation and executive vice president of Dagens Industri, Sweden's leading business newspaper and part of the Bonnier Group.
"We are honored and grateful to receive the Kellogg Award. It inspires us in our striving to develop our company as a family business," Carl-Johan Bonnier said.
The Bonnier Group was founded in 1804 by Gerhard Bonnier, who opened a bookstore in Copenhagen. Celebrating its 200th anniversary eight generations later, the business is still run by family members and has evolved into a leading diversified media conglomerate that operates more than 200 privately held companies in 20 countries, most in northern Europe. The company publishes magazines, including National Geographic, books, magazines, business press, business information and entertainment. The Nobel Prize for literature has been awarded to 71 of the Bonnier Group's authors.
"The Bonnier family has been devoted for years to promoting the values of family business and helping other family businesses learn more about planning family business continuity," said John L. Ward, co-director of the Center for Family Enterprises and clinical professor of management and strategy at the Kellogg School.
"Hundreds of business-owning families have benefited from the Bonnier family's experience and efforts. They were pioneers in supporting family business education and research," Ward said. "The cases and research articles about their experience offer special insights into how large and old business families build special cultures for their family members and employees."
In its continuing mission to lend support to family-owned businesses, the Bonnier family founded the Family Business Network in Sweden, encourages editorial material on family business in its business publications and has established national prizes for successful entrepreneurship in many countries. Family members also give lectures at various business events throughout the world.
"The Kellogg award is important also because it recognizes our support of family businesses worldwide," said Hans-Jacob Bonnier.
Since the late 1990s, the Bonnier Family Foundation has operated Gutkind & Co., a program devoted to engaging, educating and integrating young owners in the family business. Owned and operated by sixth- and seventh-generation family members, the Bonnier Group, headquartered in Stockholm, employs 11,000 and is privately held by 73 members of the family.
About the Center for Family Enterprises
The Center for Family Enterprises
at the Kellogg School focuses on family business strategies, policies and best practices. Its mission is to help build a family business "community" among Kellogg students, faculty and alumni and to develop a global network of successful business families who can learn and connect with each other.
About the Kellogg School of Management at Northwestern University
The Kellogg School of Management at Northwestern University was founded in 1908 and is widely recognized as a global leader in graduate business education. The school is home to a renowned, research-based faculty and MBA students from more than 50 countries and six continents. Kellogg includes the full-time MBA program; The ManagersProgram, which is a part-time MBA program; the Executive Masters Program, which is an executive MBA; and the Executive Education Program, which is a non-degree professional program for senior-level executives. The school offers three joint degree programs: the JD/MBA; MD/MBA; and MEM/MBA. Additionally, the Kellogg School of Management has alliances with business schools in Europe, Asia and Canada.
Kellogg revolutionized graduate management education more than 50 years ago when it introduced executive education into its programming, one of the first business schools to do so. In the 1970s, Kellogg again changed the face of graduate management education when it introduced the teamwork concept into its curriculum. Both the Kellogg executive education and teamwork models have been emulated by business schools worldwide.
In October 2003, the Kellogg School was named the top MBA program in the world for the second consecutive year by The Economist Intelligence Unit, a division of The Economist Group. In 2002, BusinessWeek magazine ranked the Kellogg School the number one graduate school of business in the United States, an honor it has achieved four times since the biennial survey began in 1988.