Journal of Commerce and Management Thought
  • Year: 2017
  • Volume: 8
  • Issue: 2

Evolution of family owned businesses over three generations: A case study of Pune city

Assistant Professor, M.E. Society's Garware College of Commerce, Pune, Email: sharmilakavediya8@gmail.com

Online published on 18 July, 2017.

Abstract

A family owned business is that business in which a majority of the ownership or control lies within a family. Family businesses exist all over the world for centuries. Family businesses in Pune city have sustained and survived over the time successfully. But still they have to face challenges. Thisstudyof select family businesses of Pune city will help entrepreneurs and entire new generation of businessmen to learn and to equip for meeting the challenges of change.

Keywords

Family Owned Business, Growth, Challenges