Harmony and Satisfaction in Family Business

By Indirapriyadharshini B

Family business is defined as a business in which two or more members of a family are involved and the majority of ownership and control lies within the family. Family business is one of the oldest forms of business organization (Naude, 2010). Family Business has been one of the most prevalent and resilient business forms over centuries and across continents. It represents a cornerstone of the world economy, and according to some estimates, Family- managed businesses generate were over half the world's GDP. Family business is India's proudest institution, symbolizing courage and common sense, energy and enterprise, aspiration, and adventurousness (Business Today, 1998). In India, with its historic spiritual and cultural value system, they play a hugely important role it is estimated that up to 90 per cent of Indian Businesses are Family Controlled. With Indians benefitting from a centuries-old innate sense of the enduring worth of the family business sector, a good starting point for this section is to examine some important early sources of Indian trade & commerce. There are many family businesses worldwide but Indian Family Businesses are unique and have their own governing characteristics. Every aspect of our life is affected, directly or indirectly, by family controlled businesses. This is true across the world in varying degrees.

• Format: Paperback
• Language: English
• ISBN: 1805459066
• ISBN13: 9781805459064
• Release Date: January 2023
• Publisher: Independent Author
• Length: 236 Pages
• Weight: 0.71 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"