An Investigation Into the Recent Surge of Women Being Chosen as Successor in Family Businesses: A Study of the World`s Fastest Growing Economy

Authors

  • Reena Agrawal   Jaipuria Institute of Management, Lucknow - 226010, Uttar Pradesh

Keywords:

Family Business, Family Values, Succession, Predecessors.

Abstract

The purpose of this study was to analyze the perception of the veterans in the family businesses in India towards handing over the reins of their business to the female child and also explore the latest trend. To achieve this objective we first reviewed the existing literature on influence of gender in succession in family business, we then investigated twenty three family businesses in India who have recently announced their succession plan and we tried to capture the latest trend and also analyzed the implications. We found that the traditional barriers regarding women not being considered as successors in family business, are gradually being dismantled. We found evidences of a paradigm shift in the perception of the owner-managers of the family businesses in India. It was found that family business owners in India have discarded the orthodox primogeniture principle and have involved and groomed the children in the family irrespective of their gender, to take up the daunting task ahead, to ensure continual existence and sustainable growth of their family businesses.

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Published

2018-06-20

How to Cite

Agrawal, R. (2018). An Investigation Into the Recent Surge of Women Being Chosen as Successor in Family Businesses: A Study of the World`s Fastest Growing Economy. Journal of Applied Management- Jidnyasa, 10(1), 38–50. Retrieved from http://www.simsjam.net/index.php/Jidnyasa/article/view/128243

Issue

Volume 10, Issue 1, January-June 2018

Section

Articles

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