“This book is need of the hour, highly readable and written in a lucid, simple, refreshingly different, and insightful style, and a ‘must read’ for all stakeholders of family businesses.
This book is very topical and timely. It is written more as a practical guide or self-help manual with a set of ‘do it yourself’ tools like action plans, checklists, and templates at the end of every chapter to enable families to introspect, self-evaluate, and develop their Family Business Governance—a complex arena of human enterprise, opportunities, and challenges. Every concept is illustrated by real-life caselets or anonymous anecdotes from Indian family businesses.
Following the 10 Commandments, business families will mature to perpetuate and institutionalize to sustain through generations and if neglected or not persisted, will be doomed by the 5Ds (dilemmas, deviations, differences, disputes, and destruction).