Indian Journal of Industrial Relations: Economics & Social Dev.

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Family Business: Yesterday, Today, Tomorrow


Affiliations
1 Management Development Institute, Gurgaon, 122001, India
2 Management Development Institute, Gurgaon, 122001
3 Indian Institute of Public Administration New Delhi, 110002
     

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Family businesses are undergoing transformation, reformation and restructuring. This is the case in all economies, differences are only of degree and direction. Estimates show that about 85 percent of businesses in the European Union and 90 percent of us businesses are family controlled. Worldwide family businesses account for approximately 75 percent of the top 100 companies. A large proportion of such businesses belonged to family groups having more than one such company. The present study attempts to assess the changing contribution of family businesses, analyses their distinctive features and challenges and capture the stages of transformation and restructuring over the years in India and elsewhere.
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Abstract Views: 353

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  • Family Business: Yesterday, Today, Tomorrow

Abstract Views: 353  |  PDF Views: 0

Authors

Ashok Panjwani
Management Development Institute, Gurgaon, 122001, India
Vijay Aggarwal
Management Development Institute, Gurgaon, 122001
Nand Dhameja
Indian Institute of Public Administration New Delhi, 110002

Abstract


Family businesses are undergoing transformation, reformation and restructuring. This is the case in all economies, differences are only of degree and direction. Estimates show that about 85 percent of businesses in the European Union and 90 percent of us businesses are family controlled. Worldwide family businesses account for approximately 75 percent of the top 100 companies. A large proportion of such businesses belonged to family groups having more than one such company. The present study attempts to assess the changing contribution of family businesses, analyses their distinctive features and challenges and capture the stages of transformation and restructuring over the years in India and elsewhere.

References