Merck, the oldest pharmaceutical and chemical company in the world, was founded in 1668 in Darmstadt a small town in Germany. The Merck family, with 156 family shareholders continues to own 70 per cent of the company and determines its strategic direction. Merck was criticised for organisational complexity on account of its 70 divisions and for making large, capital intensive …Read More »
Professor Kavil Ramachandran is Executive Director of the Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business.Read More »
ISBInsight: Family businesses are often in the media spotlight but at the same time, there are gaps in data about family business in India. How do you address some of these lacunae?
Kavil Ramachandran: When we started work on family business at the Indian School of Business (ISB) in 2003, there was hardly any interest within media about family business. The …Read More »
ISBInsight: Professor Ramachandran, could you set the context for us for CSR in India?
Kavil Ramachandran: In the last few decades, Corporate Social Responsibility (CSR) has become an integral part of the public discourse with academicians, practitioners, policy-makers and media laying stress on equitable outcomes through business-society interactions. This is also contextual because there is a greater concern about sustainability of all kinds across the …Read More »
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Canadian Prime Minister Justin Trudeau declared at the 2018 World Economic Forum at Davos, that “time’s up” for gender inequality.1 His remark has bearings for the global community. At 130 out of 160 countries, India has one of the worst Gender Inequality Index ranks for a large emerging economy, according to the United Nations Development Programme report. 2 It …Read More »
How can women contribute to building family businesses as long-lasting enterprises? What does the future for women look like in terms of leadership of the firms? How can women add greater value to board level discussions? On August 6 and 7, 2018, the Thomas Schmidheiny Centre for Family Enterprise at ISB conducted a tailor-made programme for women belonging to business …Read More »
A 2014 McKinsey study projected that by 2025, family-owned businesses may come to account for as much as 40% of the world’s large enterprises, from a low of roughly 15% in 2010. In emerging market economies such as India, institutional voids and limited levels of professionalisation keep family involvement in business much higher than in advanced countries. The Thomas Schmidheiny …Read More »
Professor Kavil Ramachandran, The Thomas Schmidheiny Chair Professor of Family Business and Wealth Management, Executive Director of the Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business.Read More »