2. What is a company?
A company is an association or collection of
individuals, whether natural persons, legal
persons, or a mixture of both. Company
members share a common purpose and unite in
order to focus their various talents and organize
their collectively available skills orresources to
achieve specific, declared goals.
3. Types of companies in Turkey
Capital Companies – Individual Companies
Limited Company: In a limited company, the liability
of members or subscribers of the company is limited
to what they have invested or guaranteed to the
company. Limited companies may be limited
by shares or by guarantee.
Joint Stock Company: Joint stock companies
established by at least 5 natural or legal person.
Limited liability of shareholders in proportion to the
Commandite Company: Although similar to the
structure of the commandite company , the capital
divided into shareholders.It is a very unusual type of
company in business life.
Commandite Company: Can be established as simple
commandite partnership or as commandite
company divided into shares. Some partners have
limited and others have unlimited shares that the
responsibility of shareholders is limited to the rate of
Collective Company: Although similar to the
structure of the commandite company , in collective
company may only real person can be shareholders.
Sole Proprietorship: Also known as the sole trader or
simply a proprietorship, is a type of business
entity that is owned and run by one natural person
and in which there is no legal distinction between
the owner and the business.
4. What is the C-Level?
C-level, also called the C-suite, is an adjective used to describe high-ranking
executive titles within an organization. C, in this context, stands for
chief. Officers who hold C-level positions are typically considered the most
powerful and influential members of an organization; consequently, they
make higher-stakes decisions, their workload is more demanding, and they
have relatively high salaries.
5. Corporate Titles
CEO: Chief Executive Officer : head of a company
CTO: Chief Technical Officer : in charge of technical issues
CFO: Chief Financial Officer : responsible for finance
COO: Chief Operating/Operations Officer : in charge of
operations management and of managing the daily
activities of a corporation
CMO: Chief Marketing Officer : in charge of sales and
distribution, publicity etc.
6. Numbers in Turkey
•The number of operational commercial companies
and entreprieses reach 1.543.032.
•36.98 % Sole Proprietorship,
•51.39 % limited company,
•6,97 % joint-stock company.
7. Definition of Family Company
“They are called “Family Company” because of
all the partners or shareholders with the
majority of the capital are coming from family.”
9. Is there still a chance?
Nationwide 2,378,827 News Corp
The New York
New York City
New York 1,865,318
The New York
10. Some die, some live alternately.
• An American-based
provider of home movie
and video game rental
• Founder: David COOK
• Founded in 1985
11. Some die, some live alternately.
• Provider of on-
demand Internet streaming
media available to viewers
• CEO: Reed HASTINGS
• Founded in 1997
12. Why The world's oldest company went
• Was founded in Japan in 578.
• Doing Temple construction and
• Respond quickly to changes
• Focus on core business, more
• Kongo gumi was drawn to the
construction business and entered
the office-residential construction.
13. Transition Risk
•Mismanagement, failed strategies of the CEOs
•Failed to keep pace with new technology
•Attitudes like “We are the market leader"
•Companies created "new business model“ that have grown rapidly and
•They captured “the fastest growing disease”
14. Company life in Turkey
•Nearly 85 percent of enterprises in Turkey took place after
•Founded companies in the last 11 years have the share in the
total is approaching 65 percent.
•2 of every 3 companies going bankrupt.
•93.8 percent of deaths from Sole Proprietorship.
15. Pursuit of immortality
•The world's longest-lived companies are participating
in Japan, Italy and the United States.
•Since they began, almost all have remained in the
•Most of them operate in the traditional sector of their
16. Antinori Chianti Classico
• Was founded in 1385 by
Giovanni di Piero
• Just doing the wine
business and is currently
26th in the generation of
17. Antinori Chianti Classico
•The company is managed by the family, literally. There are 6 people
on board, of which 2 were from outside the family.
•They do not focus on financial results. Instead, they are looking to
create company based on solid foundations that will leave for their
•No generation has been chasing of rapid growth strategy. They know
it will be compromising its quality and found them a debt trap.
•They are applied "without sacrificing quality“ policy enough to dare
to harm in financial way.
•The company can always have cash. It provides by distributing
dividends over 40 years .
18. Antinori Chianti Classico
•Family, is preparing the new generation carefully for the future, but still not
forced to them to enter the family business.
•They always stay away from the bankers. They prefer to grow their own
•They willing to accept non-family managers.
•If they need managers, they are finding more meaningful raising one of their
•To do not fall for the mistake they make, they send their chieldren to gain
their own experience in areas outside of them family-owned company.
•Luck is an important factor.
•We need young people who are able to manage and well
trained in every generation.
•You have to determine exact heir to sustainable longevity of a
•Companies need to work with a certain value.
•Always one person stands out.
•It is important corporate governance.
•The person will be hired from family
who needs to have sufficient features.
•Outside from family members must not
be involved to work.
•You must work with people who want
to work together for many years, not to
use this opportunity to skip steps in their
21. 4 difference of deep-rooted British
C. Hoare & Co. is an English private
bank. It is the oldest bank in
the United Kingdom and the
world's fifth oldest bank. Founded in
1672 by Sir Richard Hoare, C. Hoare
& Co. remains family-owned and is
currently managed by the 11th
generation of Hoare's direct
22. 4 difference of deep-rooted British
• Berry Bros & Rudd are Britain's oldest wine
and spirit merchant, established in the 17th
century. Their flagship store has been
located at 3 St James's Street, London since
1698 when it was founded by the Widow
Bourne in London. A supplier to the royal
family since the reign of King George III,
historic customers have included Lord
Byron, William Pitt the Younger and the Aga
• They created the Cutty Sark whisky, and
pioneered the vintage concept for
The Glenrothes single malt Scotch whisky
23. 4 difference of deep-rooted British
• Established in 1676,
James Lock & Co. Ltd. is
the oldest hat shop in the
world, as well as being
one of the oldest family
owned businesses still in
24. 4 difference of deep-rooted British
•Shepherd Neame is an English regional
brewery founded in 1698
in Faversham, Kent. It is one of the oldest
breweries in Great Britain and has been
family-owned since 1864.The brewery
produces a range of cask ales and filtered
beers. Production is around 230,000 barrels a
year. It owns around 360 pubs,
predominantly in Kent, London and South
East England. The company exports to twenty
25. Common topics of British
•They know that what makes the company different and
•They always keep family in the business.
•They transformed the history of the company to treasure.
•If necessary, they bring forces from outside.
26. Hacı Bekir Turkish Delight and Aqidah
•Confectioner Bekir Effendi, to be widely
known as Hacı Bekir after his pilgrimage
to Mecca, moved from Araç, Kastamonu
to Istanbul in 1777. He opened a small
confectionery shop in Bahçekapı and
began to personally produce and sell
varieties of candies and “lokum”s
(Turkish Delights). Hacı Bekir
confections, with their history of four
different centuries, appeal to tastes in
five continents today.
27. The secret to living longer
•Concern for customers
28. What are the difference of non-public?
1. They focus on niche areas.
2. They are more resistant to crisis.
3. They are buying other companies too.
4. They are growing when economy getting smaller.
5. Locality is an important factor.
6. They set up in a very small places.
7. Long-term, Investment and Persistence.
29. 7 Deadly Sins
1. Same old song
2. Children become adults too
3. Selfishness rather than loyalty to family
4. We are a big, happy family
5. Father knows best
6. If we ignore may be it works
7. Tell me about your childhood
30. 6 C Code
31. How old are the bosses when they handed
Founder Age of transfer To whom
Asım KOCABIYIK 77
Ayhan ŞAHENK - (He died) Ferit ŞAHENK (son)
Cevdet İNCİ 81
Emel İNCİ ÖNAL
Hasan TÜREK 70 Sait TÜREK (son)
İbrahim ORHAN 60 Murat ORHAN (son)
Kamil YAZICI – İzzet
55 – 64
32. How old are the bosses when they handed
Nejat ECZACIBAŞI 80
(brother) then Bülent
ECZACIBAŞI (son of
Rahmi KOÇ 72 Mustafa KOÇ (son)
Sabri ÜLKER 80 Murat ÜLKER (son)
Sakıp SABANCI - (He died) Güler SABANCI
Selçuk YAŞAR 79
Teoman BAYGAN 71
Ayda BAYGAN İLKEL
Vehbi KOÇ 83 Rahmi KOÇ (son)
33. The AGE
•Before the age of 65 is the most ideal age to
transfer the company to the next generation.
•The ideal age for the transferee is 35.
34. How to prepare generations?
•Large and medium-sized companies can provide experience
to the younger generation on abroad. It provides the family
•Small companies, as they can track the approach of abroad,
they can also choose to country to gain experience. They
don’t have problem of recognation. So, they can choose big or
foreign company to become an expert.
•In some cases, they can work on banks, companies or fabrics
to gain some experience as “temporary work”.
35. 5 critical suggestions for preparation
1. Value and Culture created by the founder should be
able to transfer the next generation.
2. Members of the next generation should have clear
ideas about themselves.
3. The next generation’s members should have received
the required training and gained experience.
4. They should be dominate all kinds of subjects.
5. The next generation should have the CV that put out
what they want to see by founders.
36. The of key business is choosing leaders
The only leader strategy: The type of administration
that all decisions and management collected on a
person (until give the authority to someone else)
Alternately presidency model : The type of
administration that all decisions and management
collected on a person in a shortly term. (like 3-5
37. “The person who minds nobody’s business but his own is
probably a millionare.”
“Business is a combination of war and sport.”