Leadership Succession at Achal : A Tough Nut to Crack
By Sivakumar Alur, Kavil Ramachandran, Navneet Bhatnagar
Harvard Business Publishing | September 2015
Harvard Business Publishing | September 2015
Citation
Alur, Sivakumar., Ramachandran, Kavil., Bhatnagar, Navneet. (2014). Leadership Succession at Achal : A Tough Nut to Crack Harvard Business Publishing .
Copyright
Harvard Business Publishing, 2014
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Abstract
Giridhar Prabhu, the owner of Achal Industries, a four-decade-old cashew processing and exporting, proprietary family enterprise plans to retire in the next five years but is dealing with succession challenges. His three daughters were not interested in pursuing the business. Prabhu knows that he will not be able to manage the business on his own for long. He was contemplating future options that included convincing one of his daughters to rethink her decision or inducting professional non-family members to steer the enterprise’s future or selling the business. He was in a dilemma on choosing an option that would be good for him, his enterprise, and his family.