Inheriting the mantle: management of succession and transition in Indian family business

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Response Books, 2001 - Business & Economics - 218 pages
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Family businesses in India face an uphill task in adapting to the new business climate ushered in by the opening up of the economy. Using three longitudinal case studies spanning fifteen years, Professor Sampath provides a comprehensive discussion of the problems and dynamics of family businesses in transition. Drawing upon his direct consulting experience with family organizations, he analyses their growth through different phases of being managed by the progenitors (founders) and their successors. He highlights the dilemmas faced by family organizations owing to conflicting cultures between the founders anchored in traditional value systems and the next generation, which is primarily schooled in western theories. The book discusses the ways and means these differences can be resolved and develops a unique entrepreneurial growth model for running a successful family enterprise taking into account the cultural dynamics.

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Governance Perspectives in Family Business Transitions N Balasubramanian

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