Bhupesh Bhandari's column "The generation gap" (White Knight, June 19) on generation transition in business addresses a seminal issue that affects not just industry but society as a whole.
The Economist of April 18, 2015, carried a special supplement on family companies, where it urged that enterprises of this genre merit deeper attention than received so far. They dominate business almost the world over, much more so than perceived in management theory.
Asian and Indian families offer more exemplars than mentioned by Bhandari. Some of them opt to stay out of the limelight. But they can make good case studies. This begs for greater attention in India, both at management institutions and in serious discourse on economic performance. That might open more eyes to the challenges - and even opportunities - that generation transition of family business offers.
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The Economist of April 18, 2015, carried a special supplement on family companies, where it urged that enterprises of this genre merit deeper attention than received so far. They dominate business almost the world over, much more so than perceived in management theory.
Asian and Indian families offer more exemplars than mentioned by Bhandari. Some of them opt to stay out of the limelight. But they can make good case studies. This begs for greater attention in India, both at management institutions and in serious discourse on economic performance. That might open more eyes to the challenges - and even opportunities - that generation transition of family business offers.
Kishan S Rana New Delhi
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number