Dr Parimal Merchant, Director – Global Family Managed Business, SP Jain School of Global Management has authored an article titled ‘Family businesses in India need a new direction’ in Forbes India, a leading media platform for the latest business and financial news and analysis.
The article, published on June 7, 2019, highlights the need for Indian family businesses to re-look their models and adapt to changing times.
Dr Parimal Merchant notes that most Indian family businesses thrived under three conditions that have drastically changed in recent times – supply-starved and protected economy, information arbitrage and intermediation. It is in this context that Indian family businesses need to adapt their models to thrive.
He highlights that Indian family businesses must be agile in this fast-changing business environment, internalise technology, scale up, provide quality at competitive prices in shortest possible time, collaborate, be open to new developments and go global.
He also shares five reasons why the future holds a number of golden opportunities for Indian family businesses. To gain more insights,