Family Business Mein Safalta Kaise Payen? (Hindi Translation of How To Thrive In A Family Business)
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Description
What do you think a family business is? What are its benefits? Why do most family businesses fail by the third generation? Can this curse be reversed and the family business turned to your advantage?Ajay Sharma, director and promoter of the Baidyanath Group, Indias largest manufacturer of Ayurvedic medicines, shares his experiences and observations on building and nurturing a strong family business. He believes that a business behaves according to the behavior of the generation that manages it. He has formulated the 4 Ts theory, which explains the stages of a generations lifecycle.Do family businesses suffer from eldest son syndrome? Is early division of the business seen as a major flaw? When should one plan for succession and when should one step away from ownership? What are the main conflicts?Identifying thirty major flaws that hinder the prosperity and continuity of any family business, and providing practical advice on what each member and each generation should avoid, this book will serve as a powerful guide for family business groups.
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