Developing the Next Generation Leadership in Family Business

Working Papers
Bhatnagar, Navneet.,Ray, Sougata., Ramachandran, Kavil. "Developing the Next Generation Leadership in Family Business"
Abstract:
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.