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Boardrooms and Bloodlines: How Small Family Businesses are Planning Succession

The Morning Brief

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Navigating Succession in Indian Family Businesses

This chapter explores the intricate challenges of succession planning in smaller family-owned businesses within tier 2 and tier 3 cities in India. It addresses emotional dynamics, legal hurdles, and the complexities of family structures while emphasizing the necessity for structured planning, particularly in the wake of COVID-19. Additionally, it highlights the importance of aligning family ambitions with individual aspirations, creating a family charter, and advancing gender inclusion in leadership roles.

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