Developing the Next Generation Leadership in Family Business

Working Papers
Bhatnagar, Navneet.,Ray, Sougata., Ramachandran, Kavil. "Developing the Next Generation Leadership in Family Business"
Effective leadership transitions across generations are crucial for long-term sustenance of family business - the dominant form of business organisation across the world. Yet, most family businesses struggle to survive beyond three generations. Weak next-generation leadership is a major reason attributed for this failure. Existing leadership-development frameworks do not take into account the peculiarities of family business context. We analyse next-generation leadership development pathways adopted by 15 large Indian family businesses and present a framework for developing next-generation family business leaders.