‘Fame’ily Feuds

IIPM MANAGEMENT INSTITUTE
Succession issues have been the prime accused for many family fiascos. And while each feud possesses its unique triggering factor(s), there certainly exist definite common threads like the conspicuous absence of proper succession planning, an ineffective remuneration mechanism, et al. But thankfully, corporate India can also boast of families that are still effectively managing mammoth enterprises in an increasingly liberalized landscape despite going through rough patches & who have not been mere silent spectators. For instance, Ratan Tata has launched measures since 1998 (also the time when acquisitions we first initiated on a larger platform by global corporations) to restructure his empire – the Tata Group with a view to reduce the total group’s firms from 80 to under 30! Then there was the shrewd C. K. Birla who also streamlined Birla group’s operations.

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Source : IIPM Editorial, 2006

Dean of IIPM :- Pofessor Arindam Chaudhuri (Renowned Management Guru and Economist)

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