“Family business will remain a key force in nation building” | Hyderabad News

Hyderabad: Family businesses have played an important role in the socio-economic transformation of the country and will continue to be a major force in nation-building, top bosses of successful family businesses said at a panel discussion virtual run by the Indian school. of Business (ISB) Thomas Schmidheiny Center for Family Enterprise.
Dalmia Bharat Group MD Puneet Dalmia said that the ability of family businesses to adapt has enabled them to withstand the pace of change. “Stable shareholders, an ability to take risks and an entrepreneurial spirit are among the main characteristics of the family business,” he added. He also insisted on the need to foster innovations, treat family members like professionals, build on the skills of members and explore new growth trajectories.
Emphasizing that family businesses have held on thanks to the inherent entrepreneurial spirit, Forbes Marshall Co-Chairman Farhad Forbes said that with new growth opportunities to come, the next generation is ready to bring their own. top level organizations. Meher, President of Thermax Ltd. Pudumjee stressed the need for a strong and solid governance structure which would go a long way in consolidating the structure of the family business.
ISB Dean Prof. Rajendra Srivastava called for the integration of innovation and governance into the structure of the family business. Friday.

About Dianne Stinson

Check Also

Texas abortion ban will remain in effect, federal appeals court says

The panel vote was 2-1. Texas law prohibits abortions after detection of fetal heart activity, …

Leave a Reply

Your email address will not be published. Required fields are marked *