1. DHIRAJ KUMAR
PGDM MARKETING & HR
ACCMAN INSTITUTE OF MANAGEMENT

2. A family business is a business in which one or more members of one or
more families have a significant ownership interest and significant
commitments toward the business’ overall well-being.
Some of the world's largest family-run-businesses are Wal-Mart (United
States), Samsung Group (Korea) and Tata Group (India).

3. CHARACTERISTICS OF FAMILY BUSINESS
 Family business are ideal in nature as they are loyal to the
principles of the founder and thus ensure uniformity in their
operations.
 Succession is one important decision which determines future
effectiveness in terms of company operation.
 family business comprises of family members in business
operations ensuring effective utilization of in house talent in family.
 Single minded dedication of family members ensures survival of
family business through toughest times.

6. Nine out of 10 businesses in the United States are family-
owned, and family businesses account for half the country’s gross
national product.
Family businesses are the lifeline of India’s economy. Almost 90%
of Indian businesses are family-owned, which makes the rest of the
business community largely dependent on them.

7. Run your family business like business
Create a succession plan
Don’t play favorites
Separate business and family expenses
Don’t guarantee employment
Learn to resolve conflict

8. • Aditya Birla Group
• Ford
• Mittal Steel
• Raymond
• Tata Group
• Toyota

9. Contact -
dhiraj166@gmail.com