ABOUT THE INITIATIVE
After the successful edition of The Economic Times Family Business Forum, the initiative is back this year in its new avatar.
The Economic Times Family Business Forum is a pathbreaking initiative to bring together insights, views, research and voices behind some of India’s leading businesses. A vast majority of the Indian economy is powered by family-owned businesses. Many of these businesses – small or big – have transformed into efficient, professional entities. Some are run by professional CEOs, others by family members who are also professional in their outlook and approach.
But families and businesses don’t easily intermix, and getting the two facets to work in harmony is a continuous struggle. When a business partner is also a family member, emotions can come between what’s good for the business and what’s good for the family member. Managing succession, keeping all family members engaged, happy and with a lifestyle that is reflective of their business ownership, managing aspirations of the next generation and ambitious professionals, make for a cauldron of issues that threaten to – and sometimes actually do – tear families apart and sink businesses.
The Economic Times Family Business Forum strives to create a platform where leading business families of India come together to share ideas, insights, and learnings on how to manage their businesses as well as families in the best possible way. It is the need of the hour – both for corporate India and for the Indian economy.
A combination of on-ground activities, expert articles, and research involving all the major stakeholders of the family business ecosystem – entrepreneurs of the old and new economies, scions and next-generation leaders of family businesses, private equity companies, family offices, law firms, eminent academics from overseas and from India – makes The Economic Times Family Business Forum an initiative that is ground-breaking and sustainable.
The entire initiative is divided into 3 main parts:
FAMILY BUSINESS ROUND TABLES
FAMILY BUSINESS SUMMIT
FAMILY BUSINESS AWARDS
THE ECONOMIC TIMES ADVANTAGE
The Economic Times is the Gold Standard for financial, economic and business news, views and insights in India. ET’s reach is unparalleled and it is the voice of choice of India’s business intelligentsia and government.
The ET Family Business Forum will enjoy the advantage of these factors, and seek to make a real difference in the management and continuity of family businesses, as well as business families.