Dr. Rajiv Agarwal is considered as the foremost authorities on Family Business globally. He is a family business advisor, having worked with many families on various family and business issues.
He is currently Professor, Strategy, Family Business and Entrepreneurship at SPJIMR, Mumbai, (a top 5 MBA school in India). He also Head, Strategy Group at S.P. Jain Institute of Management & Research (SPJIMR).
He has written extensively in many newspapers and magazines like Economic Times, Fortune India, Business Today, Forbes, Inc. USA, etc. He has also given many keynote speeches in India and abroad.
Dr. Rajiv Agarwal has authored the book series “Management Lessons from the Masters”, based on the Indian industrialists like Kumar Mangalam Birla, Anand Mahindra, Tatas, and Azim Premji, published by Rupa Publications.
Family business is the most common business form in the world, ranging from millions of small local businesses to giants such as Reliance. The purpose of this textbook is to build an understanding of and learn how to tackle the challenges faced by family-owned businesses while continuing to significantly contribute to the national economy. It emphasizes practice along with theories and concepts, using cases and reflection questions to illustrate key topics. With a focus on leadership and positioning for the future, this textbook illustrates how the family enterprise can achieve sustained growth and continuity through generations.
The book is designed especially for the family business courses offered across Indian colleges and institutes. It will be useful to MBA students, executive education participants and readers interested in understanding family business.
Published by
In Family Business Simulation: Honey Heritage, students navigate the complexities of running a generations-long family business.
In this 30-minute, single-player simulation students learn how to navigate the complexities of running a family owned business from its inception through 80 years. Students are tasked with building and growing a sustainable honey business as it is passed down from generation to generation. Based on the Three-Circle Model developed by Harvard Business School professors Renato Tagiuri and John Davis and the Life Cycles model by Gersick, Davis, Hampton and Lansberg, the simulation allows students to learn first-hand how the dynamics of family, business and ownership intertwine. They will deal with rising tensions and be forced to make tradeoffs as the family and business grow, relationships change and the market evolves.
At the end of the simulation, students will discover how their decisions impact the health of the business and their relationships. This simulation is appropriate for students in undergraduate, graduate and executive education courses specializing in family business, small business management, general management, entrepreneurship, scaling ventures, organizational behavior and strategy. There is no pre-reading required by students.
No two families have the same challenges. And all families’ face unique challenges. The best of families will run into challenges which they may not have faced before. At these times, the family will realise that inspite of their best efforts and intentions, they may not be able to reach any kind of agreement. Delays, hesitation, non-willingness to listen to different points of view, are some of the issues that families have against other family members. At times like these, having a third person to help the family reach a consensus, will be more effective than what families may do, by themselves.
