CREATION AND MANAGEMENT OF “FAMILY BUSINESS IN THE EMERGING INDIAN ECONOMY: RETROSPECT AND PROSPECTS
Historically, businesses and enterprises evolved as family owned/promoted activity. In 21st century, family businesses operate in SME sector as well as in corporate sector. They have different evolutionary pattern and background in different economies. Their role and performance in todays emerging economies is a subject of great interest and importance. This article gives historical perspective and recent upsurge of Indias family businesses. It provides a few pointers as to creation and management of these family businesses and their contribution to the growth and development of the emerging Indian economy. Today, family businesses under private sector are no more subordinate to Public sector enterprises. Under several leading mega projects, family led businesses are invited as partners to public sector enterprises. Future holds huge prospects for Indias family owned SMEs and family attached corporate businesses. Much depends, however, on the creation of innovative entrepreneurship and professional management style. Government as policy maker and growth agent will be the key determinant for sustaining Indias family businesses in the dynamic and competitive global business environment.
Family business Innovative entrepreneurship Professional management Global business environment
Ashok L.Pathre Vinita N.Gaikwad
University of Pune Flat No 10.Picasso Villa, Near Satyanand Hospital, Khondwa, Khurd Pune, India University of Mumbai Thakur College of Sci.& Com.Kandivli-E, Mumbai, India
国际会议
Academy of Innovation and Entrepreneurship 2009(2009创新与创业国际学术会议)
北京
英文
306-313
2009-07-16（万方平台首次上网日期，不代表论文的发表时间）