Exploring the Benefits of Family Business Management Courses
The family business has also significantly evolved, with advancements in almost all sectors of India affecting human lifestyles and the environment. Today, the significance and popularity of family businesses have witnessed massive enhancement and growth compared to the past. Previously, family businesses were usually restricted to specific sectors to maintain the family legacy, culture, and heritage. However, in the current times, a notable shift in family businesses towards diversification, professionalism, and international expansion is being addressed. According to a report by the Economic Times, “more than 90 percent of businesses in India are run by families, which is significantly higher than the global average, which rests at 80 percent.” Family businesses certainly play vital roles in the country’s economic growth, employment generation, innovation, and development. They have also started opening up to adopting new standards and techniques to be competitive and rise...