Indian Journal of Industrial Relations: Economics & Social Dev.

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Family Business: Yesterday, Today, Tomorrow


Affiliations
1 Management Development Institute, Gurgaon, 122001, India
2 Management Development Institute, Gurgaon, 122001
3 Indian Institute of Public Administration New Delhi, 110002
     

   Subscribe/Renew Journal


Family businesses are undergoing transformation, reformation and restructuring. This is the case in all economies, differences are only of degree and direction. Estimates show that about 85 percent of businesses in the European Union and 90 percent of us businesses are family controlled. Worldwide family businesses account for approximately 75 percent of the top 100 companies. A large proportion of such businesses belonged to family groups having more than one such company. The present study attempts to assess the changing contribution of family businesses, analyses their distinctive features and challenges and capture the stages of transformation and restructuring over the years in India and elsewhere.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Business India Super 100 Companies (1996).

  • Business Standard, 100 Companies in India (1996).

  • Business Today 500 India's Most Valuable Companies (September 7-21, 1988).

  • Business Today: 500 Biggest Companies in India, (July 22, 1994).

  • Business Today, India's Business Families, 7 (1), (February 6, 1998).

  • Business Today, India's Business Families, (The Sixth Anniversary, 7(1) (7 January 1998). Business World, The BW Real 500 (March 5, 2007).

  • Business World (September 24, 2007).

  • Choudhary, Slahudin (2006) "Role of Founding Families in Sustaining Entrepreneurial Spirit in Their Firms", Paper presented at the 9th South Asian Management Forum at Karachi 2006.

  • Claessens, Stijn, Djankov Simeon & Lang Larry H.P. (2000), "East Asian Corporations, Heroes or Villains"? (World Bank Discussion Paper No. 409).

  • Desai, Harsha (2007), "Succession Planning in the Family Owned Firms: The Most Important Issue in Family Businesses", Vilakshan, IV (1) March.

  • Dutta, Sudipta (1997), Family Business in India, Response Books.

  • Economic Times (2007): 500 India's Corporate Giants.

  • Pistrui, David, Wilfred V. Huang & others (2006), "Family & Cultural Forces: Shaping Entrepreneurship & SME Development in China", in Panikkos Zata Potziouris & others (Ed) Handbook of Research on Family Business (ed ), Edward Elgar, USA.).

  • Lansberg, Ivan (1998), "Succession Conspiracy", Family Business Review, Summer.

  • Pirarnal, Gita (1998) "India's Business Families: The Inside Outside View", in Business Today: India's Business Families, The Sixth Anniversary, 7(1), 7 January.

  • Redding, S. G (1992), "Culture & Entrepreneurship among the Overseas Chinese" in Brigittee Berger (Ed), Culture of Entrepreneurship, Tata McGraw Hill.

  • Redding, S G (1993), "The Spirit of Chinese Capitalism", in The Chinese Family Business, Chapter 7, Walter de Gruyter, New York

  • Rouvinez, Denise Kenyon & John L. Ward (2005), Family Business Key Issues, Palgrave Macmillan

  • Ward, John L (1987), Keeping the Family Business Healthy, Jossey-Bass

  • Ward, John L (2004), Perpetuating the Family Business, Palgrave MacMillan


Abstract Views: 257

PDF Views: 0




  • Family Business: Yesterday, Today, Tomorrow

Abstract Views: 257  |  PDF Views: 0

Authors

Ashok Panjwani
Management Development Institute, Gurgaon, 122001, India
Vijay Aggarwal
Management Development Institute, Gurgaon, 122001
Nand Dhameja
Indian Institute of Public Administration New Delhi, 110002

Abstract


Family businesses are undergoing transformation, reformation and restructuring. This is the case in all economies, differences are only of degree and direction. Estimates show that about 85 percent of businesses in the European Union and 90 percent of us businesses are family controlled. Worldwide family businesses account for approximately 75 percent of the top 100 companies. A large proportion of such businesses belonged to family groups having more than one such company. The present study attempts to assess the changing contribution of family businesses, analyses their distinctive features and challenges and capture the stages of transformation and restructuring over the years in India and elsewhere.

References