Family business
A collection of our latest insights on the challenges, opportunities and solutions that matter most for family businesses.
Is building your legacy a sheer philanthropic feeling or a feeling of responsibility to timelessly enrich lives of people, pushing human race forward, and helping nation reach greatness it deserves?
A lot of interesting debates are happening in circles of family businesses such as follows: (All below are discussed in Hindi and Gujarati language and for authenticity purpose converted unchanged as-is in English language below. We added no alterations.) (1) I am first generation and turned 54 today. I wonder if all these years pay
What is legacy? And, why it matters?
Is it a word that applies to only families? Or does it also apply to family businesses? Or businesses as well? Or even nations? What does legacy mean? What helps in building legacies? What perspectives help leaders from any walk of life to understand the true meaning and value of legacy, making them more powerful
A powerful enabler to the success of your business and your family
Eight years ago in mid-year 2014, the largest family business conference was held by Harvard Business School, Cambridge, Boston, in Asia. Most of our neighbouring countries’ biggest families and more than 85% of top Indian businesses gathered for a five-day family governance summit. The finest practitioners and lead authorities had come to deliver what they
Owner’s silent & powerful enemy to growth
Owner’s silent & powerful enemy to growth “I already do it.”“I already know it.”“I already have it.”“I know how this works.“and other variants of the same! If humility is a gift, then being wise is a genie. You must note that the economic opportunity presented to India to rise is an exact opposite of a
What is the meaning of institutionalising a family business, and why should you care?
Even the most established and sought-after family business owners ask us what institutionalisation means. Is it a new buzzword or does it hold an everlasting usefulness and importance as it claims that we must consider caring for? What is institutionalisation? Many family businesses attempt to build their name, and many aims to give meaning that
A family’s innate drive: Family first or Business first?
This orientation helps family shapes fortunes, legacy and meaning Successful business families live no dual life. One that is spoken and the other that is truly felt in the heart or, simply put, the one that is meant at the individual’s core. They learn early in their history that should they wish to create a
Family Business Succession Challenge – Part 4
Thank you for all your pouring in trust and the valuable time you took to write your succession challenges and related silent killers. You have broadened our perspective, allowed us to serve our purpose, and given us pride in fulfilling our ode to our profession (Ode to our profession). We never thought we would receive several multigenerational
Family Business Succession Challenge – Part 3
We recommend that you read Part 1 & Part 2 of this article first, if it skipped your attention. To access the article, Family Business Succession Challenge (Part 1) Have you wondered what it takes to create a dream? Did you see any family business that lasts 16 generations and are having diverse individuals sitting
Family Business Succession Challenge – Part 1
Your next generation holds no genuine interest nor an intention to transform your legacy Have you wondered what it takes to create a dream? Did you see any family business that lasts 16 generations and are having diverse individuals sitting across the dinning table with multigenerational presence? Did you see any family and happen to