The Ten Commandments for Family Business

Family businesses are vital and supportive environments for entrepreneurial behaviour. Some of the world's largest businesses are family businesses. Ram are number of questions specific to family businesses. In this book Ram has addressed and discussed these questions: What is unique about family business? Why do some survive and grow across generations while others do not? Why do families fight over businesses and vice versa? Are the lessons and insights different from those applicable to other forms of businesses? What are the implications of multiple variables of family and business constantly influencing one another while undergoing changes in themselves over a period of time? The purpose of this book is to discuss all the critical challenges family businesses face and understand the phenomenon of family business better. In this book Ram brings new thinking and distinctive perspective to the domain of family business. Ram brings a lifetime of perspective on family business and entrepreneurship in the Indian context. He emphasizes mainly on two points: business capitalism and family socialism, and compassion and competitiveness. One value that permeates in every chapterofthis book is trust.