Friday, December 19, 2008

'I see a generation gap in many Indian family firms'

Families especially good at buffering stress

Have family businesses, despite their wars, shown a greater resilience during times of economic crisis, such as what we currently see? “Generally speaking, yes,” says Mr Nigel Nicholson, Professor of Organisational Behaviour, London Business School ( http://www.london.edu/ ). There is often a fierce determination among people who found and co-own businesses to fight for their existence, he adds, in the course of a recent email interaction with Business Line.

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