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Family Business

Family Business contributes 60-70 percent of GDP of most developed & developing countries. India is no exception. Most of the Business families face unique management challenges because of the differences in the attitude & aspirations of family members. As new generations join the family business, it is an enormous challenge to keep the family & business together. Some sacrifice the business to keep the families together, while others sacrifice the family to keep the business. It has been observed that just 13 percent of the Family business survive till 3rd generation & only 4 percent go beyond third generation and one third of business families disintegrate because of generational conflict. However, the close-knit structure of families, which fosters teamwork combined with respect to family values and family elders, has been the key to success of many family businesses. Indian Family Businesses forms the ‘backbone’ of the Indian economy and hence there is a need to extend the life span of the family businesses so that the economy can continue to derive benefit from their contribution. CII along with FBN [International] has formed CII-FBN [India] chapter with an aim of creating a nationally representative body of members of families owning & managing family owned business in India. Activities :- CII FBN India Chapter will be organising the 4th Next Gen conference in month of November . Family Business contributes 60-70 percent of GDP of most developed & developing countries. India is no exception. Most of the Business families face unique management challenges because of the differences in the attitude & aspirations of family members. As new generations join the family business, it is an enormous challenge to keep the family & business together. Some sacrifice the business to keep the families together, while others sacrifice the family to keep the business. It has been observed that just 13 percent of the Family business survive till 3rd generation & only 4 percent go ...
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  • Call for national policy on innovation and entrepreneurship
  • Our agenda is to accelerate economic (GDP) growth to 6 – 6.5 percent this year and to take it to 8.5 – 9 percent as quickly as possible: S Gopalakrishnan, President CII
  • R Mukundan of Tata Chemicals elected Chairman CII Western Region and Chetan Tamboli of Steelcast Limited elected Deputy Chairman CII Western Region
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CII-FBN India Chapter Journal
Jan 16, 2019
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Interaction with the audience at the Panel Discussion on Aligning Family Aspiration to ...
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Interaction with the audience at the Panel Discussion on Aligning Family Aspiration to ...
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