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Split proof family business Analysis of different business houses

By: Material type: Mixed materialsMixed materialsPublication details: 2014Description: 28-33Subject(s): NLM classification:
  • 338.04
In: International J. of Trends in EntrepreneurshipMSummary: Big families have carved up the big industries, even as the famil business is forced to change to cope with competition, the role played by the family in the business must be rewritten too. Which old function must it discard? What new responsibilities must it take on? and how should it manage the transition? A forecast. Indian business families are focusing too much on what to do and too little on how to do it. This paper attempts to substantiate its conclusions based on past and present experiences of Indian business families.
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Big families have carved up the big industries, even as the famil business is forced to change to cope with competition, the role played by the family in the business must be rewritten too. Which old function must it discard? What new responsibilities must it take on? and how should it manage the transition? A forecast. Indian business families are focusing too much on what to do and too little on how to do it. This paper attempts to substantiate its conclusions based on past and present experiences of Indian business families.

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