Family business
A collection of our latest insights on the challenges, opportunities and solutions that matter most for family businesses.
Succession Planning – A Hope for Prevailing Love and Wealth
Many Indian family businesses have expressed that they have faced severe challenges in the last couple of years for their family businesses to find their long-term navigation coordinates. We came across some of those family businesses whose long-term navigation coordinates are found missing, and the near-term ones were also almost non-existent or cloudy at best.
Ensuring the continuity of family business legacy
In 2011, Mr. Suresh Prasad and Mr. Kishor Prasad, the second generation owner of SSK Ayurveda Ltd. realised that to continue the legacy of the Family business, they will have to proactively work on the succession planning for the future generations. They did not have a clear choice of successor from the third generation and
Generation to generation: The challenge of transition
How do the family leaders see legacy and passing the legacy in business? Planning for the future of the business is not a short-term activity, but a continuous endeavour that a family undertakes to ensure that the generation, to which they pass on their hard work and fortunes to, moves beyond the boundaries of inheritance
Decision making intricacies. Family emotions. Business sustainability
The definition of time for a family business is not measured in years, but the generations that it can sustain itself. Will the quarterly profit matter, or the number of years and generations that the business can sustain? What is the matter most challenge for family businesses? How can the leaders create further leaders –