Building Long Lasting Family Businesses: Lessons for Indian Business

Speaker Sessions
Professor Pramodita Sharma, Sanders Professor for Family Business, School of Business Administration, University of Vermont
May 14, 2014 | 5:45 PM - 6:45 PM | Wednesday
Mohali, India
Contact: Prashant Srivastav,
prashant_srivastava@isb.edu,
+91 172 459 1860
By Invitation
Post Event Summary An interactive session with Professor Pramodita Sharma, Visiting Faculty at the ISB has been organized. Participants from family business background have attended the session. Topics ranging from longevity of family business, lessons learnt from the world’s oldest family firms have been shared by the faculty. The session provided a platform for the participants to understand and incorporate continuous innovation and proactive governance in their family businesses.
Event Details:

An interactive session with Professor Pramodita Sharma, Sanders Professor for Family Business at the School of Business Administration, University of Vermont, USA and a visiting Faculty at the ISB. Professor Kavil Ramachandran, Thomas Schmidheiny Chair Professor of Family Business and Wealth Management will chair the session. 
                                                                                          
Longevity of family business is a desired goal for many Indian entrepreneurs. Yet, the overlap of family and business creates unique dilemmas. Not only must family business leaders contend with the competitive industrial and economic factors, growth and continuity of their enterprise is dependent upon hitting entrepreneurial sixes generation after generation. Most expire under pressure. But, not all! Lessons learnt from firms in coveted lists such as the world’s oldest family firms or the Henokiens (200+ year old firms) are shared in this session. Each participant will leave with pragmatic ideas to incorporate continuous innovation and proactive governance in their family business - two themes commonly found in enterprises that thrive over generations.