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Surviving in India's family-owned company

By the second generation, no matter whether the family of the founder holds enough shares or not, it is relatively rare to see scions actually running operations

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The “Lala” in the title comes because of the slang used in north India to differentiate the culture of such companies from their “professionally-run” multinational peers.

Prosenjit Datta
The Good Indian Employees Guide to Surviving a Lala Company

Author: Rajiv Gupta
Publisher: Harper Business
Pages: 217
Price: Rs 399

The “family business” is not peculiar to India — or for that matter even Asia. They exist across the world. Most companies start off because of the ideas and the drive of a single entrepreneur. In technology companies, it is typically a couple or more partners who set up and build the business but in general the majority of the firms in other sectors trace their origins to the entrepreneurial drive and ambitions of a single man or woman.

In developed countries, the company
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First Published: Aug 18 2022 | 10:52 PM IST

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