Rajiv Agarwal is the Professor of Strategy and Family Business at SPJIMR (S.P.Jain Institute of Management and Research)
The reason why most people say that we should study history is to learn the lessons from it. The Modi family has experienced huge losses that result from conflict. They cannot afford another round.
Whether a broad stoke or a narrow focus, family businesses like all businesses will have to get out of their comfort zone, and will have to review their relevance regularly, if they are to survive.
What Does Asian Paints Jalaj Dani’s Resignation Reveals About Family Businesses In India
Acquisition of wealth can be by one’s own efforts, or without much efforts. Inheritance, on the other hand, is usually without much effort on one’s part, and inheritors may also grow up in wealth.