Family Business: Yesterday, Today, Tomorrow
Published: 2008
Author(s) Name: Ashok Panjwani, Vijay Aggarwal & Nand Dhameja
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Abstract
Family businesses are undergoing
transformation, reformation and
restructuring. This is the case in all
economies, differences are only of
degree and direction. Estimates
show that about 85 percent of
businesses in the European Union
and 90 percent of US businesses
are family controlled. Worldwide
family businesses account for
approximately 75 percent of the top
100 companies. A large proportion
of such businesses belonged to
family groups having more than
one such company. The present
study attempts to assess the
changing contribution of family
businesses, analyses their
distinctive features and challenges
and capture the stages of
transformation and restructuring
over the years in India and
elsewhere.
Keywords : Transformation and restructuring in family business
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