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Relevance of Strategic HR Diagnostics in Family Owned Businesses

Relevance of Strategic HR Diagnostics in Family Owned Businesses

10.08.2020
Unnikrishnan K. B.
Principal Catalyst- People Practices, TransCat People Solutions Pvt. Ltd.
Secretary (2020-21), Rotary Club of Bangalore Sneha

 

Relevance of Strategic HR Diagnostics in Family Owned Businesses


Preface
Family owned businesses contribute to more than 70 % of GDP of India and comprises of more
than 80 % businesses in India. Total market-capitalization of the Indian family-owned
companies stood at $839 billion in 2018. Even though many of the business leaders many not be
satisfied with the performance of their organizations for the last couple of years. May be many of
them are not initiating corrective actions on time, may be because some of them are not aware
about the cost of their inaction, and not be sure about the financial and emotional impact on their
employees or customers. It is quite natural that people are worried to question the status-quo.

 

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