Southern States - Karnataka   

Workshop on family businesses on Friday

By Our Staff Correspondent

Mysore June 22. Leading business houses from South India will attend a workshop on family businesses to be conducted by the Confederation of Indian Industry, Mysore Zone, here on Friday.

The Confederation of Indian Industry has been pioneering the movement of family business since 1999 and has constituted a national council on family business with an objective of addressing real time issues concerning family businesses in the country.

The participants of the Mysore conclave include business houses such as the TVS Group, Murugappa Group, Rangsons Group, Thiagarajar Mills, Apollo Group, etc., and the family members from these groups will share their experience and success stories at the workshop.

The workshop to be held at Hotel Quality Inn Southern Star will be of use to new entrepreneurs, chief executive officers of family businesses, partners, etc. Issues related to family that have a bearing on business aspects will be discussed at the workshop.

Conclaves such as this have helped family businesses to understand relevant issues, including the role of the family in managing business, attracting professional talent, conflict resolution, succession planning, restructuring family businesses in the light of new realities, managing both business and family, the role of women in family business and training the younger generation, etc.

The CII southern region has been focussing on taking family business initiatives to smaller metros and cities with an objective to discuss some of the critical aspects pertaining to the subject. The CII has organised five national conclaves on family business which addressed various macro issues, including building competence levels, those pertaining to succession, planning strategies to stay together for generations with family businesses, etc.

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