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Thursday, December 3, 2009

Family Business

An investment banker recently made a statement of SME business, which is family run. With out going into the statement and its merits or demerits one question comes to mind is'nt all businesses started by a family and in which family member still hold the executive position -a Family business?. And this is true across the world.
From Microsoft, to Oracale to Mittal Steel to Relainace to Biral to JM Financial etc etc and list can go on. No doubt there are "professional run”, but there still a big boss, who is the above the professionals. Apple?
So why single out the SME. Hasn’t few family members of the largest shareholders company in India did a family agreement? So even if businesses become big the family still remain small. That’s why Small is beautiful.
Crux- all businesses are Family businesses. So Sharma Brothers you can be next Lehman Brothers.

1 comment:

Unknown said...

I agree. But doesn't the boss keep changing..
Citibank/ JP Morgan.. etc