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Shri Tatwamasi Dixit, Founder of FABRIC, speaks on "Family Business Makeovers and Takeovers".

Coaches Help Family Businesses with Makeovers and Takeovers - The Economic Times - Bangalore, 1_10_2019

Multi Dimensional Alignment

A family owned business may be defined as any business in which members of one family across generations are involved in the business operations and where the majority of ownership or control lies within the family. It is an interaction between two separate but connected systems – the business and the family – with uncertain boundaries […]

What is Family Business Succession Planning?

“True success comes only when every generation continues to develop the next generation”. – John Maxwell Many family businesses look at succession planning as an event when the founder finally hands over the reins of the family business to his/her next generation. However, Succession Planning, in reality, is not a one-time event, but a continuous […]

Succession Planning – Family Business Succession Planning an oft neglected topic

Business succession planning should be a top priority but most family business owners put it off as they don't want to think about their retirement, disability or death. One reason so many family business enterprises ignore succession planning is that it can be uncomfortable. After all, it’s Family with so many emotional layers. Further the […]

Effective Communication in the Family Business

Among the typical problems that plague Family Businesses Poor Communication is at the core. One of the main reason and sometimes the # 1 reason why Family Business don't last beyond the Second Generation is due to lack of effective communication. Good communication lays the foundation of all trust based relationships and partnerships. Communication is […]

Keys to Writing Your Family Constitution

Keys to Writing Your Family Constitution The four important steps to creating and maintaining a Family Constitution: 1. Create a Family Mission statement: The Family Constitution should begin with a personalized Mission statement. This should be based on your family's skills, abilities, Values, and dreams. This exercise should also be useful in finding out the […]

Why should you have a Family Constitution

Family and Business operate under different cultural systems -while Family is protective, Business is competitive. This can create a friction between the two systems particularly when the Business expands and becomes successful. This is where the impact of having a Family Constitution can be significant. Many successful business families have recognized this and created a […]

What is a Family Constitution?

As Family and Family Businesses develop and grow, personal relationships between Family Members become difficult, more complex and in some cases fragmented. An effective way to build that understanding is through a Family Charter or a Family Constitution. A Family Constitution, simply put, is a document that outlines how a Family will govern itself. This […]

The Significance of Delegation

Condensed from articles by Gaurav Akrani, PreserveArticle, TheGuardian, Leadershipnow, Smriti Chand, James A. Baker, Lincoln Mel Hughes, Christopher Gould, Robert Tanner, Susanne Madsen, Michelle Randall, Srikanth Krishnamoorthy and Susan M. Heathfield  Understanding the Concept  The process of assignment of specific work to individuals within the organization and giving them the right to perform those works […]

Role of Attitude in Conflict Management

Conflict arises when two individuals have opposing views and are unwilling to compromise. A Conflict creates tension, anxiety, and friction between the concerned individuals. Conflicts must be resolved at the right time to create a peaceful environment. Attitude: It cannot be overemphasized that a positive attitude plays a critical role in the resolution of conflicts. […]

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