Family Businesses (Transformation from Family Business into Business Family)
Family businesses are less visible but more pervasive in the global business scenario. Latent potential of many family businesses are not harnessed because of intra-family challenges. These occur within relationships such as parents, children, siblings, in-laws, etc. Some of these challenges include:
- Differences in perspective due to generational gap
- Inadequate division of resources within the family
- Lack of capability in the next generation to run the business
- Difficulties in transferring legacy
- Disagreements and clashes stemming from marital bonds
We are a pioneer in enabling family businesses.
Benefits
- Bridging approach within the family
- Fostering a professional environment in family businesses
- Grooming and enabling the next generation
- Restructuring the business, and mapping of family members according to capability
- Developing and maintaining compatibility among different generations
- Updating the preceding generation on latest developments