Shubham traders / Apeksha Bhatnagar.

Format:

Book

Author/Creator:

Bhatnagar, Apeksha, author.

Series:

SAGE Business cases.

SAGE Business cases

Language:

English

Subjects (All):

Family-owned business enterprises--Succession--India.

Family-owned business enterprises.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2022.

Summary:

Niranjan Kumar Jain is a successful entrepreneur presiding over a multi-million-rupee textile retail business, which he established from scratch about two decades ago in Rajasthan's Udaipur city in northwest India. Even as his flagship company Shubham Traders has evolved into a reputed business house with multiple outlets, Niranjan is a worried man. None of his three children are interested in the family trade, which presents a dilemma to him over the issue of succession. Contrary to his expectations, all his 'natural' successors have expressed indifference in the family business and have chosen to pursue their respective passions. Niranjan's challenge of finding a suitable successor for his business while securing his own future interests provides an interesting backdrop for students to understand the complexities of family business establishments in India and to explore various options available to him to work out a smooth transition of ownership without letting the business wither away. Students are also asked to suggest a course of action for Niranjan to ensure business continuity after his retirement.

Notes:

Includes bibliographical references and index.

Description based on XML content.

ISBN:

1-5297-9015-8

9781529790153

OCLC:

1286092828