Kin & Kith

As the life and times keep changing and the reign goes from the older generations to the younger ones, the outlook of such businesses must also change.

So let’s look at some of the essential pointers to keep in mind for traditional businesses in order to make sure they are still relevant and successful.

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Values are the source of an organisation’s culture, its long-term sustainability, and the happiness of team members. They bind the whole team together.

Read more at:
https://economictimes.indiatimes.com/news/company/corporate-trends/view-strengthening-alignment-in-family-businesses/articleshow/89388559.cms

View: Strengthening alignment in family businesses The real issues need to be addressed at the fundamental level. The issues are: a) misalignment of values between the promoters, the board and the management team, and b) lack of clarity in roles and responsibilities.

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Succession may be entertaining but there are real and valuable lessons for family offices. ✅👇🏻

By learning from the topics explored in the series, families might recognize themselves and maybe even gain insight into their own familial issues and human nature.

Indian family-run businesses are questioning their low-risk and snail’s pace of growth, inspired by the dramatic rise of start-ups.

Read what they can learn from India’s vibrant start-up ecosystem.

https://www.businesstoday.in/opinion/columns/story/what-can-indian-family-businesses-learn-from-new-age-start-ups-315583-2021-12-14

What can Indian family businesses learn from new-age start-ups? Indian family-run businesses are questioning their low-risk and snail’s pace of growth, inspired by the dramatic rise of start-ups. Here’s what they can learn from India’s vibrant start-up ecosystem.