family-run business vs. professionally managed business

Family-run Business Vs. Professionally Managed

Business

In emerging markets such as India, family-run businesses

are just as commonplace as professionally managed firms.

it is important to understand the significance of each from the standpoint

of human resources management and structure policies, governance

mechanisms and processes accordingly to harness potential.

What is the key to success to attract and retain

talent in a family run business?

A. Policies to enable Individual Development

B. Shun Nepotism and Promote Talent

C. Celebrate Meritocracy

D. Formulate Code of Conduct Guidebook

E. Clearly define Organisational Hierarchy

F. Foster Employee Inclusiveness

G. Instil a Sense of Accountability

H. Establish as An Equal Opportunity Employer

I. Focus on Employer Branding

About ICFAI Flexible Learning ProgramsICFAI Flexible Learning Programs are designed primarily for Working Professionals to pursue their

management program while they continue to work. These programs provide them with the Skills, Knowledge

and Strategic Perspectives required for them to succeed at their workplace and promote their career

progression.

The programs range from Modular >> Certificate >> PG Diploma >> MBA in the functional areas of Finance,

Marketing, Operations, HR etc. and covers the industry sectors like IT/ITES, Health Care, Pharma, Telecom,

Banking, Financial Services and Insurance, etc.

Features - Flexible Learning Programs:

Convenient and Flexible Mode of Learning

Innovative learning methodology backed by Contemporary Curriculum

Quality Courseware along with new-age learning aids as part of the Hub & Spoke Learning Model

Online Counseling Classes

Web support for the students

Easy fee payment patterns including EMIs

Examination thru Computer Based Testing (CBT) pattern – conducted 4 times in a year, giving flexibility to

the working-class in choosing the schedules

Thank You

Phone: 1-800-200-9977

Email: FLP@ICFAIUNIVERSITY.IN

Website: www.flexible.icfaiuniversity.in