How a Family Business Management programme can help transform a business into a modern sustainable enterprise
Family businesses account for 85% of India’s businesses and contribute to a significant portion of the nation’s employment and domestic output. However, the survival rate of these businesses to the third generation is around 13% and dips further to 4% beyond that. Interestingly, this is not unique to India. A Cornell University study shows almost the exact rates for family businesses in the US.
Family Business Management programmes came from the realisation that, while they urgently needed succession planning and modernisation, any potential solution