Kumaraguru College of Liberal Arts and Science (KCLAS) organised an insightful event on scaling family businesses, recently.
The event was led by Prof. Samish Dalal, SP Jain School of Management and Consultant, Family Business from Mumbai.
The session provided practical insights and experiences, highlighting the unique advantages and challenges faced by family enterprises.
Prof. Dalal emphasized the importance of generational knowledge and a conservative approach to achieving sustainable growth and resilience in family businesses.
Discussions included the potential of cryptocurrencies and the economic impact of family businesses. The historical role of the Chola family as financial influencers was also highlighted.
Addressing challenges in leadership, the session underscored the need for effective communication, financial stability, emergency funds, and strategic growth. Practical strategies like de-risking investments and maintaining a low profile were also covered.
Regular interaction with family businesses and industry visits were recommended to gain deeper business insights, recognizing the significant economic contributions of family businesses. The event featured a keynote address, student interaction, moderation, and a Q&A session, providing a comprehensive and engaging experience on the nuances of managing and scaling family businesses.
Prof. Dalal’s session left participants equipped with valuable knowledge and strategies to navigate the complexities of family business management, ensuring their growth and sustainability in the modern economy.
Prof. Samish Dalal, Professor SP Jain School of Global Management is a renowned expert in family business management, providing valuable insights and practical strategies to help family businesses thrive in a competitive market. His extensive experience and engaging teaching methods have made him a sought-after speaker and mentor in the field.
The programme was attended by Family Business Owners, Parents and industry professionals who run their family Businesses.
The whole programme was convened by Dr N Balu, Dy Dean, School of Management, KCLAS, organised by Dr G Jayanthi, Professor of School of Management and the student organizers.
