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This book explores the unique characteristics and complexities of family businesses in India. It examines the intersection of family dynamics, cultural norms, and business practices, to offer valuable insights for on how family businesses evolve, develop, grow, and sustain over time.
List of contents
1. Family Business in India 2. Theories of a Family Firm 3. Dynamics of Family Businesses: Family Business Interface, Lifecycles of a Family Business 4. Succession 5. Working Together: Siblings 6. Women in Family Businesses 7. Conflicts in Family Business 8. Governance 9. Internationalisation of Family Firms 10. Professionalisation and Family Business 11. The Future of Family Businesses
About the author
Rajiv Agarwal is a professor of family business, entrepreneurship and strategy at SPJIMR, Mumbai. He is also the chairperson of the Strategy department at SPJIMR. He has been teaching across programmes, including the executive MBA (Post Graduate Executive Management Programme), two-year full-time postgraduate diploma in management, Post Graduate Programme in Family Managed Business and one-year executive MBA (Post Graduate Programme in Management). He advises families on subjects such as succession, wealth management, family offices and business strategies.
He has completed his PhD from the Birla Institute of Technology and Science, Pilani. His thesis was on 'Factors Influencing Career Choices of Successors in Family Managed Businesses in the Indian Context'. He has done the Owner/President Management (OPM) programme from the Harvard Business School and an executive education programme from the Stanford Graduate School of Business. He is a holder of the Advanced Certificate in Family Business Advising and the Advanced Certificate in Family Business Wealth Advising from the Family Firm Institute, Boston, MA, USA. He was also appointed a Fellow of the Family Firm Institute in Boston in 2022.
He has authored the most popular
Family Business Simulation: Honey Heritage, a simulation on family business which was published by Harvard Business Publishing. This is the first simulation on family business in the world. His book series, Management Lessons from the Masters, is about Mr Kumar Mangalam Birla, Mr Anand Mahindra, the Tatas and Mr Azim Premji. These books discuss the management lessons one can learn from these great Indian industrialists.
Dr Rajiv Agarwal's seven bestselling cases on family issues and strategy have been published by Ivey and SAGE. He has written for various newspapers and magazines, including the
Economic Times,
Forbes,
Fortune India,
Business Today and
Business India. He has been a keynote speaker at family business forums in India and abroad and is considered a thought leader and expert in family businesses. He was a founding member of KRCD India Pvt. Ltd (earlier, Koch Rajes CD Industries Pvt. Ltd), India's first CD replication facility and today still runs his family business.
Summary
This book explores the unique characteristics and complexities of family businesses in India. It examines the intersection of family dynamics, cultural norms, and business practices, to offer valuable insights for on how family businesses evolve, develop, grow, and sustain over time.
