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Author: D Sampath
Publisher: Sage Publications
ISBN/UPC (if available): 0761995498
Family businesses in India face an uphill task in adapting to the new business climate ushered in by the opening up of the economy. Nurtured during the protectionist years of the Licence Raj, they today run the risk of being relegated to the sidelines unless they can quickly transform themselves into professionally managed organizations. This timely book provides an insight into the evolution and working of family owned organizations in India and the key, often vexatious, issue of succession.
Using three longitudinal case studies spanning fifteen years, Professor Sampath provides a comprehensive discussion of the problems and dynamics of family businesses in transition. Drawing upon his direct consulting experience with family organizations, he analyses their growth through different phases of being managed by the progenitors (founders) and their successors. He highlights the dilemmas faced by family organizations owing to conflicting cultures between the founders anchored in traditional value systems and the next generation, which is primarily schooled in western theories. The book discusses the ways and means these differences can be resolved and develops a unique entrepreneurial growth model for running a successful family enterprise taking into account the cultural dynamics.
Written in an extremely absorbing style, this book will interest owners of family businesses, human resource professionals, organization development specialists, management consultants, management students and researchers working in the area of family business and entrepreneurship.
Written in an extremely absorbing style, the book is of interest to owners of family businesses, human resources professionals, management students and researchers in the area of family business and entrepreneurship.
This book would be useful heads of small and medium enterprises (SMEs). Of particular note is the chapter in the third section, Suggested Approach to Running a Family Business.
Inheriting the Mantle is an informative and useful reference book for scholars, management researchers, human resources professionals and consultants. It certainly is a welcome addition on a pertinent subject.
-The Financial Express
INTRODUCTION: GOVERNANCE PERSPECTIVES IN FAMILY BUSINESS TRANSITIONS N
THE INDIAN BUSINESS FAMILY: The Early Days
Family Business Comes of Age
The Post-liberalization Era
Anatomy of Business Families
Culture, Structure and Succession
Joint Family System and Family Business
Organization Theories and Family Businesses
The Culture of Transition
CASE STUDIES: The Diwakars - The Story of Progenitor and His Sons
The Murthys - The Story of a Progenitor and His Brothers
The Tripathis - The Story of Progenitor and His Family
Intervention for Change
EVOLUTION OF THE FAMILY BUSINESS: A Conceptual Framework
The Progenitor and His Family
Factors Aiding Transition
The Phenomenon of Transition
Entry of Children: Changes and Conflicts
Role-taking Processes During Transition
Consultant’s Role and Intervention Strategy
Culture-specific Model of the Stages in a Family Business
Three Family Businesses in the Globalization Era
Suggested Approach to Running a Family Business
REFERENCES AND SELECT BIBLIOGRAPHY