Subject: Entrepreneurship

Management

Topic: Family Business

Name of Participants:

Roopanshi Nakhwa-02
Rashmi Yadav-49
Vaidehi Nikam- 51
Radhika Bihani-57

Date: 5th march, 2019.

Idea behind this presentation :

• To know the importance of entrepreneurship in family business

• To have clarity about their importance
• To know how family business works in India
Index
SR.NO CONTENT PARTICIPANTS
1
Features of Family Business :
• Oldest and most common model of economic organization
• Succession Plan
• Professional Management
• Proper Governance Structure
• Diversification Plan
 RELIANCE INDUSTRIES

Founded : 1977
Founder : Late. Mr. Dhirubhai. H. Ambani
Headquarters : Mumbai, Maharashtra, India
Key people : Mukesh Ambani
FAMILY TREE
MAJOR SUBSIDIARIES AND
ASSOCIATES
YEAR EVENTS
1966 Reliance Textiles Industries Pvt Ltd
1986 Reliance Capital
1991-92 Hazira Petrochemical Plant
2002 Reliance Communications
2002 Reliance Infrastructure
2006 Reliance Fresh
2007 Reliance Digital
2009 Reliance General Insurance
2010 4G Spectrum
2016 Reliance Jio
Challenges in family businesses :
• The interests of a family member may not be aligned with the interest
of the business.
• The interests of the entire family may not be balanced with the
interests of their business.
• Profit distribution
Parallel planning processes

• All businesses require planning, but business families face the additional
planning task of balancing family and business demands.
• There are five critical issues where the needs of the family and the
demands of the business overlap—and require parallel planning action to
ensure that business success does not create a family or business disaster
• Capital
• Control
• Careers
• Conflict
• Culture
Structuring

• When the family business is basically owned and operated by one

person, that person usually does the necessary balancing
automatically.
• The assets that are owned by the family, in most family businesses,
are hard to separate from the assets that belong to the business