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Family Businesses Becoming Liberal, Good or Bad?
Many youngsters get the opportunity to learn more on their family business at a very young age, they get to know how their business is running and they also come to know about their business values at a very young age. In spite of all this, the report brought out by the Barclay’s Wealth in association with Dun and Bradstreet, demonstrates that the promoters of the family businesses wanted to keep the ownership, but their first preference was to hire professional managers for the leadership position, who are not from their family.
Satya Bansal, CEO of Barclay’s Wealth told that, in today’s challenging environment, it is very essential to choose the next set of leaders and while selecting the next leaders, it is very critical to take decisions regarding the management and leadership. The survey also showed how Indian businesses were supporting the idea of having professionals from outside the family business, to occupy the higher positions to successfully sustain their business enterprise, reports the Business Standard.
