Flagship Research Quarterly of the Indian School of Business (ISB). Find out more

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Past Issue • Apr-Jun 2015

The 10 Commandments for Family Business

Many of Indian family-owned businesses have moved a long distance from the days when they believed that the companies they ran are pieces of a cake that must be shared equally by all members of a family in a strictly private celebration. There are indeed several shining examples of family-owned companies who have successfully adopted the principle of separating management and ownership. Yet, the reality is that that there are many others who have refused to smell the coffee and have clung on to their companies, thus becoming pale shadows of what they used to be at the height of their glory. The disturbing trend is that over two-thirds of family businesses in India still don’t have succession plans in place, according to research by management consulting firm Hay Group.


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