The purpose of this book is to discuss all the critical challenges family businesses face and understand the phenomenon of family business better. The book shows how the progressive Indian families are handling paradoxes while making global gains. The number of templates and exhibits make it a unique source book for business families.
The author is a professor of family business and wealth management at the Indian School of Business. The book has interesting caselets on prominent Indian family businesses like Murugappa Group, Piramal Group, Religare Group, Aravind Eye Care System, GMR Group, among others.
The foreword writer picks two remarkable aspects of the book – “Mostly all write about the senior generation ‘letting go’. Ram makes a strong case on how and why to keep the senior generation from retiring. Each chapter offers a new way of thinking about family business principles and the context for these principles. All the chapters together provide compassion for all the stakeholders of a family business institution.