Day Two of SPiCE International 2023 featured robust discussions zeroing in on the entertainment and tourism sectors in the UAE, as well as savvy strategies for entering newly regulated sectors.
How can family businesses keep themselves from splitting? By separating ownership and management
SECTIONS
How can family businesses keep themselves from splitting? By separating ownership and managementBy S Subramanian & Nupur Pavan Bang, ET CONTRIBUTORS
Last Updated: Mar 10, 2021, 03:03 PM IST
Share
Synopsis
Many Indian family groups have split in the last two decades Thapars, Munjals, Jindals, to name a few. Many of them had family members at the executive positions. Some managed the separation seamlessly like the TVS group and RPG group, while many other splits like Ambanis and Kirloskars happened after bitter fight among the family members.
ThinkStock Photos
Family business groups have many obvious and proven advantages, but splits still happen.