Strengthening Relationships- The Master Key Introduction

Members of Family Businesses call it the “Ego to Wisdom Master Key”. The process of moving from Ego to Wisdom is difficult, however those business families which have worked on this key aspect, have emerged stronger. It has made a magical difference in their relationships and has had an exponential impact on their business growth. The recent feud in the Munjal family around the rights of use of ‘Hero’, the brand name for electric two wheelers, is potentially an issue which could create stress amongst the concerned family members. We are surrounded by incidents such as this in family businesses. Issues...

22 June

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Amicable Separations In Family Businesses

Posted by BAF Consultants

in Business World, newspaper articles

Having an Exit Policy in place even where there is no talk of exit is crucial. Also, where exit must be done, a common set of accounting, tax and legal advisors and a common facilitator is essential. Family businesses, especially organised one (say with assets over Rs. 50 crores) of today's world are like zamindars, landlords and kings of the days gone by. They signify wealth and power, the two most important pursuits of the majority of the people, more so in today's world. On the positive side, wealth and power make our lives comfortable and give us opportunities to make a...

01 August

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Family Governance – Proactive Strategies

Posted by BAF Consultants

in ISB Insight, newspaper articles

Effective governance mechanisms, both at the level of family and the business are central to the growth and sustenance of family businesses. Simran Senani, Nupur Pavan Bang and Anil Sainani discuss the role of the Family Business Constitution in facilitating family governance. More than 90% of the businesses in India are family-owned.1 A large number of them do not remain together beyond three generations and many do not survive the impact of family disruptions on the business.2 Thanks to increasing academic interest in the subject and pioneering efforts by industry bodies, awareness about family governance in India has increased substantially. In multiple cases,...

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Strengthening Relationships- The Master Key Introduction

Amicable Separations In Family Businesses

Family Governance – Proactive Strategies