Join Pratham Mittal, Founder of Masters' Union, as he engages in a thought-provoking conversation with Mr. Rajiv Gupta, PGP Rise: OPM Board of Governors, and Mr. Sandeep Nerleker, Founder & MD of Terentia Consultants. Together, they unravel the intricate dynamics that shape family-run enterprises.
In this insightful discussion, we delve into:
• The inherent drama and emotional complexities in family businesses
• The challenges of succession planning and leadership transitions
• Bridging generational gaps to ensure business continuity and innovation
• The significance of a well-structured constitution in governing family businesses.
Family businesses are the backbone of the global economy, contributing significantly across industries. Yet, sustaining them across generations requires strategic planning, governance, and adaptability.
Don't miss this deep dive into the world of family enterprises! Watch the full podcast to gain valuable insights into how family businesses can thrive and evolve over time.
Chapters:
00:00 - Introduction
01:04 - Understanding the Dynamics, Realities, and Role of the 3rd Generation in Family Businesses
05:13 - Family Tree, Power Dynamics, and Influence
12:22 - The Impact of Patriarchy in Family Businesses
19:19 - A Look at What Went Wrong with the Ambani's
22:31 - The Importance of a Constitution in Family Businesses
30:32 - Evolving Perspectives of the Patriarch in Family Firms
40:50 - Exploring Family Structure and Financial Management
58:21 - Exit Strategies in Family Businesses
1:02:32 - Insights from the Book "Lala Company".
1:17:47 - Owners and Promoters Management Programme at Masters’ Union
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#familybusiness #familybusinesspodcast #familylegacy #successionplanning #familybusinesses #mastersunion
Masters' Union Executive Education
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