Women are trying to gain a foothold in what typically is called a “man’s world”. They are making a slow but steady progress. A difficulty in this area is that there is little in the way of quantitative evidence, and descriptions of what is going on are mostly based on observation and anecdotes. It is […]
“I always did something I was a little not ready to do. I think that’s how you grow. When there’s that moment of ‘Wow, I’m not really sure I can do this,’ and you push through those moments, that’s when you have a breakthrough.” -Marissa Mayer, CEO of Yahoo!
Indian Family businesses have traditionally been dominated by men, and although this is beginning to change, progress is slow and tentative, with gender issues continuing to cause significant tensions and inefficiencies in India’s family-owned companies. Globalization, liberalization, changing views about gender roles and increasing emphasis on education have clearly helped to raise the status of […]
Can a stable business be a two edged sword? Does stability in a family business make it an introverted atmosphere for change to occur? YES/NO
An interesting case study is of Mr. Subbiah, the presiding head of the Murugappa Group, a family business that had been operating for the last 150 years, once gave a fascinating interview. As it turned out, he had worked out a transition for all the companies in the group from “family managed” to “professionally managed” […]
Strengths and Weaknesses of Family Business WEAKNESSES Family businesses are prone to some serious and prevalent problems as well. Family businesses are particularly vulnerable to these potential shortcomings. Many of the problems hinge on the intrinsic conflicts that can arise between family and business values. Resistance to Change in a family business it is […]
Strengths and Weaknesses of Family Business The definition of family business is, “a family business is one that, quite simply, is influenced by a family or by a family relationship, and that perceives itself to be a family business.”[1] Given below are a list of strengths and weaknesses in a family business. STRENGTHS Family […]
POLL – In the current business scenario, does bonding play a significant role in family business? YES/NO
Tatwamasi Thursdays- Bonding There are both positive and negative effects of bonding in families. An issue so sensitive needs to be treaded on carefully. For any family business to grow and flourish, the atmosphere at home and among family members must be cordial and forthright. Given below are a few examples that show how bonding […]