StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Family business's - Hinduja group - Essay Example

Cite this document
Summary
Family businesses are increasingly becoming a significant component of numerous economies all over the globe and they contribute to the economic growth of the world since they are involved in wealth creation in majority of the nations in various regions of the world (Perry,…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Family businesss - Hinduja group
Read Text Preview

Extract of sample "Family business's - Hinduja group"

Download file to see previous pages

ntrepreneurial endeavors as they all seek to exploit wealth opportunities in order to create wealth for the financial welfare of the founding families. People who went on to build their own family empires founded various large international companies like Ford, BMW as well as Wal-Mart among others. This implies that family businesses play an important role in economic development through their contributions to the business world while at same time creating investment environments that are secure, safe and open (Fernández Pérez and Colli, 2014, p. 63). A variety of approaches exist through which academics can assess the relative successes of family businesses including through considering family governance, the performance of the business, its philanthropy, social responsibility as well as corporate governance.

Family governance is comprised of agreements that inform the connection between the business and the families while at the same time emphasizing on the aspects that will ensure the family business grow from generation to generation (Poutziouris, Smyrnios and Goel, 2013, p. 133). Family governance also entails distribution of power in the company among the different members of the family. In general, family governance is a management technique which that covers more than one generation and is intended to make sure that the history of the family, its wealth as well as values extend past the archetypal two generations.

According to the Harvard Business School, family governance is comprised of three aspects including periodic meetings of the members and a representative group of members that is tasked with planning, the creation of policies and consolidation of business-family bonds and communication (Miller and Le Breton-Miller, 2005, p. 292). The third aspect is family constitution that provides policies and guidelines to regulate the relationship between the members with the business. These aspects make sure that there is clarity in regards to the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Family business's - Hinduja group Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Family business's - Hinduja group Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/management/1692305-family-businesss-hinduja-group
(Family business'S - Hinduja Group Essay Example | Topics and Well Written Essays - 2500 Words)
Family business'S - Hinduja Group Essay Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/management/1692305-family-businesss-hinduja-group.
“Family business'S - Hinduja Group Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/management/1692305-family-businesss-hinduja-group.
  • Cited: 0 times

CHECK THESE SAMPLES OF Family business's - Hinduja group

Incredible India

Below I will be discussing about language, art, marriage, family and religion in India.... First we need to know the definitons of language, art, marriage, family and religion.... Languages spoken in the southern part of India belong to the Dravidian family whereas the languages spoken in the northern part of Indian come from the Aryan family.... Apart from these two families of language there is another language known as Sini-which come from the Mongoloid family mostly spoken in East India....
4 Pages (1000 words) Assignment

How Religions Impact Americans Politically, Socially and Economically

Religion is a set of world views, beliefs and cultural systems that humanity uses as a medium to relate to the supernatural, moral values, and spirituality (Farlee, 1999).... … Religion is a set of world views, beliefs and cultural systems that humanity uses as a medium to relate to the supernatural, moral values, and spirituality....
5 Pages (1250 words) Essay

The Impact of the British System of Government around the World

American history shows that Britain expanded its world empire starting during the eighteenth century.... The British Empire included the United Kingdom of Great Britain, Ireland, the islands of the Caribbean and the thirteen colonies of the United States.... This included the transporting of many of its British citizens to the American colonies....
11 Pages (2750 words) Essay

The Impact of Modern Technology on Young People

The incoming of the second media age and multiple digital platforms has created new societal trends and business opportunities through the multimedia business model.... On one side of the spectrum, this has led to commercialisation of youth, which is further reflected by changing… On the other side of the spectrum, the digital era has redefined how the youth demographic interact with each other, thereby marking a shift in societal relationships and trends, which in This paper provides a critical analysis of the impact of modern technology on young people....
24 Pages (6000 words) Essay

East Indian Punjabi Society

The author focuses on East Indian Punjabi Society and states that along with the diversity, are the apparent differences among the various inhabitants, leading to hostility and violence.... Hostility between India and the local Punjabis have been with its long history.... hellip; “Punjab” has been derived from Sanskrit terminologies, which pertain to 5 rivers, namely, Beas, Jhelum, Chenab, Ravi, and Sutlej, and āb which is translated as water....
8 Pages (2000 words) Term Paper

Social, Political, Cultural, and Economic Systems of India

In addition, when invited to an Indian family house for lunch or dinner, the invited person must bring a gift, such as a box of chocolates or flowers (Dasgupta).... American companies are interested in investing on India because it is a rich source of consumer and employee markets (“India”)....
7 Pages (1750 words) Assignment

The Impact of Religious Beliefs and Cultural Traits on the Thinking

The present research paper aims to identify the impact of religious beliefs and cultural traits on the thinking, views, actions, behavior, and exposure of the individuals from the beginning of their socialization process i.... .... from adolescence to different phases of life including young.... hellip; the paper looks for examining the attitude of the individuals towards the socio-cultural and religious groups and communities other than those traditionally followed by them....
16 Pages (4000 words) Term Paper

Dominance of Japan LDP and of Indian Congress Party

characteristic feature of the LDP, as well as many other parties in Japan, is its internal separateness into a relatively independent and cohesive group - the faction.... "Reasons for the Dominance of the LDP in Japan and of the Congress Party in India in the Post-war Era" paper argues that the People's Party takes the popular indignation against corruption at the top of a state and commitment to integrity, ending the inning struggles and corrupt practices of Congress… The party does not “ally opponents” and get the votes of groups, due to their excessive heterogeneity....
8 Pages (2000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us