The Transition Of An Indian Family Business From Second To Third Generation
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The Transition Of An Indian Family Business From Second To Third Generation
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Author : Arun Keshav
language : en
Publisher:
Release Date : 2020
The Transition Of An Indian Family Business From Second To Third Generation written by Arun Keshav and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Family-owned business enterprises categories.
The Jay Group is a family business that comprises five different businesses: manufacturing and sales of gutkha (a form of chewing tobacco consisting of a mixture of tobacco, betel nut, and slaked lime), aerated beverages and fruit juices, packaged snacks and namkeens (a savory snack made from gram flour that is mostly deep-fried), manufacturing of laminated rolls and pouches used for packaging purposes, and the real estate business of building and renting commercial property. The family business is still evolving and also is making a transition from its second to third generation. The family is thus grappling with challenges and complexities associated with transformations at various levels. This case provides students with an opportunity to simulate the decision-making of a member of a real-world family business as it transitions into its third generation, highlighting the challenges of the generation gap, issues related to informal decision-making process, transitional challenges such as the dilemma of professionalizing the business versus keeping it within a close family group, polarization, and emerging leaders within the family and the group.
Harvard Business Review Family Business Handbook
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Author : Josh Baron
language : en
Publisher: Harvard Business Press
Release Date : 2021-01-26
Harvard Business Review Family Business Handbook written by Josh Baron and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-26 with Business & Economics categories.
Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.
Mehta Engineering
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Author : Hitesh Shukla
language : en
Publisher:
Release Date : 2018
Mehta Engineering written by Hitesh Shukla and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Family-owned business enterprises categories.
Manilal Mehta, an 84 years old businessman, faces a dilemma of dividing or selling the family business after investing 60 years in developing it. The fate of the business in at foreign land has adversely affected the situations at the indigenous plant. He woke up early in the morning, sitting on his bed and gazing at the sky from his open window. He was thinking what should he do? Apparently, he was in a dilemma. He loved both his sons and their families equally. Whenever thought of division of business and family came to his mind he was blank. In fact, when he looked at his grandchildren playing together, studying together, and then working together, he felt proud. Today, he avoided to respond to his daughter-in-law Madhavi as she demanded for the separation of both business and family. Madhavi's demand further intensified his dilemma. Manilal was wondering what if she asked him the same questions again. How could he justify his decisions so far?
Application Of A Unique Model To Build Up Succession Of Family Business In Practice
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Author : Niklas Kürten
language : en
Publisher: GRIN Verlag
Release Date : 2007-11-08
Application Of A Unique Model To Build Up Succession Of Family Business In Practice written by Niklas Kürten and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-08 with Business & Economics categories.
Seminar paper from the year 2006 in the subject Business economics - Company formation, Business Plans, grade: 1,7, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, language: English, abstract: Literature generally cites the low survival rate which family businesses face. Only 30 % of the companies further survive into the second generation, even only 15 % to 16 % into the third generation. Although many researchers see the most potential reason for this within the lack of adequate planning when company-owner hand over their businesses to offsprings or external managers , there exist various further reasons. In general, academics offer within their works a wide range of reasons, internal as well as external caused factors, which strongly influence the success of the succession within family businesses. Further, they developed several models and academic approaches to build up the process of succession and the mentioned different influences within holistic approaches of succession in family businesses to enable companies a successful handing over. Still, the situation in practice has not changed significantly since the current survival rate is steadily on a further low level. This could consequently reveal the hint of too little interaction between theory and practice respectively between academics and practitioners. Other branches showed the potential and the possible win-situations for both sides. Therefore, the research objective of this paper is to work out, to what extent a unique theoretical model is able to build up all relevant factors influencing the succession as an integrated process in theory to project this onto family businesses in practice and to provide solutions for succession within these companies.
Inheriting The Mantle
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Author : D. Sampath
language : en
Publisher:
Release Date : 2001
Inheriting The Mantle written by D. Sampath and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Families categories.
Go Perpetuate How To Beat The 3rd Generation Curse
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Author : Hadi Cahyadi
language : id
Publisher: Gramedia Pustaka Utama
Release Date : 2023-10-18
Go Perpetuate How To Beat The 3rd Generation Curse written by Hadi Cahyadi and has been published by Gramedia Pustaka Utama this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-18 with Business & Economics categories.
Every family business owner faces a succession as their biggest challenge. If you are one of them, you most likely have to deal with a bitter fact: a third-generation curse, which is well-known worldwide. The writer, who passionate about family business perpetuation, was intrigued by why several companies made it through generations and why other companies failed. As part of his doctorate study, he researched Indonesian large family businesses to study the phenomenon. Classic grounded theory methodology is applied to sampling twenty-seven respondents from four large conglomerate groups. The findings are that the foundersÕ main concern is perpetuating their family business and maintaining family leadership into second and third generations, which they seek to achieve by Parenting to Equip, Harmonizing to Prosper, and Collaborating to Endure. He then formulates a Theory on Intergenerational Perpetuation of Large Family Businesses¨, which comprise Nine Propositions, PHC Triangle¨, and Seven Stepping Stones of Intergenerational Perpetuation and Simple Algorithm for Perpetuating¨. This book is dedicated to all family business owners worldwide to prevent the myth from becoming reality.
Family Business In India
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Author : Raju Swamy
language : en
Publisher: Notion Press
Release Date : 2021-07-16
Family Business In India written by Raju Swamy and has been published by Notion Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-16 with Business & Economics categories.
“Most of my clients are well educated, run good businesses with good potential, and are serious about improving the way they manage their business. As multi-generational multiple families, they have a basic desire to stay together and therefore seek my assistance. Since they are all experienced businessmen in a competitive world, and their time is precious, they are also clear that I must deliver value. And, to me, delivering value is to create a positive family business governance structure that also simultaneously improves business performance and results.” 1. "According to Raju Swamy, a capable and committed next generation that aligns and multiplies the vision of the previous generation is the most important legacy a Family Business can have. His focus is on achieving continuous profitable growth through ‘professionalism’ in the management of family-owned businesses. Ultimately, this developmental strategy across generations can increase the longevity of the family business." Jayanti Meghjibhai Patel, Executive Chairman, Meghmani Organics Ltd., Ahmedabad, India 2. "With Raju’s help and leaning on his three-plus decades of rich, ground-level learnings in this field, our family business was able to find the balance between the older generation and the new. It is his distinctive understanding in not only absorbing unconventional challenges that exist, but in also maneuvering a way through these challenges that matter to a Family Business leader." V.K. Surendra, Chairman, VST Group, Bangalore, India
Understanding The Family Business
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Author : Keanon Alderson
language : en
Publisher: Business Expert Press
Release Date : 2011
Understanding The Family Business written by Keanon Alderson and has been published by Business Expert Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Family-owned business enterprises categories.
The purpose of this book is to provide readers with an introductory overview of family business, the most prevalent form of business in the world. The differences between family and nonfamily businesses are emphasized in this book. There are several key audiences: As a supplemental text for university undergraduate or graduate level courses such as small business management, introduction to business, entrepreneurship, or family studies. Members of family businesses will benefit from the book as an introduction to the unique nature of family businesses. Professional advisors to family firms such as accountants, attorneys, bankers, insurance providers, and financial services professionals may develop a better understanding of their clients. Suppliers to family businesses will gain insight to this important business customer. Much of the literature on family business is from the United States; an attempt has been made to present relevant international information, as well. Chapter one defines a family business and provides an overview of family business. Chapter two explores the many differences between a family owned business and a nonfamily owned business. Chapter three explores the major family business theories. Chapter four discusses how family firms make business decisions. Chapter five explores the significant issues prevalent in a family firm. Chapter six explores the most problematic issue in family firms: succession or the transfer of ownership to the next generation. Chapter seven explores the many differences among the generations of a family firm. Chapter eight presents information on family business strategic planning. Chapter nine focuses on effective family business governance and use of advisors and boards. Chapter ten explores key success tips for long lasting family firms. Chapter eleven discusses trends in family business. Chapter twelve contains key points for family business professionals and suppliers who target or service family firms. Chapter thirteen presents areas for future research to advance the study of family business.
The Family Business Map
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Author : M. Bennedsen
language : en
Publisher: Springer
Release Date : 2014-09-29
The Family Business Map written by M. Bennedsen and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-29 with Business & Economics categories.
Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.
The Landscape Of Family Business
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Author : Ritch L. Sorenson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-09-30
The Landscape Of Family Business written by Ritch L. Sorenson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-30 with Business & Economics categories.
•The editors should be commended for developing a Map of the Landscape of Family Business Outcomes. It gives future research direction to the discipline considering both short-term profitability and long-term sustainability. It considers conventional c