This presentation provides pointers on various elements which depict the strengths and weaknesses of a family business in India.

2. infrastructure
informal
flexible
entrepreneurial
indecisive
boundary problems
lack of management
resistant to change

3. roles
multiple roles
quick decision making
role confusion
unqualified members
nepotism

4. leadership
creative
ambitious
informal authority
autocratic
resistant to structures
avoids letting go

5. involvement
shared values
commitment/loyalty
strong sense of mission
family matters mixed
feuds/rivalry
emotional decisions
sharing
the DREAM!

6. time
long-term perspective
patient capital
deeper ties
traditional bound
decisions affected by history
trust vs. early disappointments

7. succession
early training
mentoring a life-long process
voluntary exit
traditional bound
decisions affected by history
trust vs. early disappointments

8. ownership/governance
closely held
high degree of control
earnings are motivators
sacrifice growth for control
often no outside BODs
high premium on privacy

9. complexity
adaptable
common language
efficient communications
reactive
founder's role stifles innovation
high risk for conflicts

10. culture
can foster creativity
rich interplay
of roles/goals
must be managed to avoid confusion
can be a drain of resources and energy

11. “Careers are not made
in a family business,
they are born.”
Thanks!
Siddhant
Bhatia