In today’s corporate culture, there is always a scarcity of time and manpower across organizations and the balance between work and life is gradually shifting towards work. As organizations are moving from hierarchical to matrix structures, the silos are breaking down.
Family businesses have traditionally been the mainstay of the Indian economy. From corner-shops to some of the biggest listed organizations, family businesses impact the life of every Indian. Family businesses have been the growth engines of economic output and employment. Around 65% of India’s GDP in the organized sector comes from family business.