There might be subtle or vast differences in the structural construct of how family-run businesses are managed versus professionally managed businesses. From the standpoint of human resources, it is important to foster employee inclusivess, demonstrate meritocracy, and integrate other professional elements and high standards of corporate governance to establish a firm employer brand. Learn more in this presentation.

1. Family-run Business Vs.
Professionally Managed
Business

2. In emerging markets such as India, family-run businesses
are just as commonplace as professionally managed firms.

3. it is important to understand the significance of each from the standpoint
of human resources management and structure policies, governance
mechanisms and processes accordingly to harness potential.

4. What is the key to success to attract and retain
talent in a family run business?

5. A. Policies to enable Individual Development

6. B. Shun Nepotism and Promote Talent

7. C. Celebrate Meritocracy

8. D. Formulate Code of Conduct Guidebook

9. E. Clearly define Organisational Hierarchy

10. F. Foster Employee Inclusiveness

11. G. Instil a Sense of Accountability

12. H. Establish as An Equal Opportunity Employer

13. I. Focus on Employer Branding

14. About ICFAI Flexible Learning Programs
ICFAI Flexible Learning Programs are designed primarily for Working Professionals to pursue their
management program while they continue to work. These programs provide them with the Skills, Knowledge
and Strategic Perspectives required for them to succeed at their workplace and promote their career
progression.
The programs range from Modular >> Certificate >> PG Diploma >> MBA in the functional areas of Finance,
Marketing, Operations, HR etc. and covers the industry sectors like IT/ITES, Health Care, Pharma, Telecom,
Banking, Financial Services and Insurance, etc.
Features - Flexible Learning Programs:
 Convenient and Flexible Mode of Learning
 Innovative learning methodology backed by Contemporary Curriculum
 Quality Courseware along with new-age learning aids as part of the Hub & Spoke Learning Model
 Online Counseling Classes
 Web support for the students
 Easy fee payment patterns including EMIs
 Examination thru Computer Based Testing (CBT) pattern – conducted 4 times in a year, giving flexibility to
the working-class in choosing the schedules

15. Thank You
Phone: 1-800-200-9977
Email: FLP@ICFAIUNIVERSITY.IN
Website: www.flexible.icfaiuniversity.in