First published: 28th August 2001
Published by Response Books, a division of Sage Publishing
ISBN 0761995498 (ISBN13: 9780761995494)
Edition language: English
Original title: Inheriting the Mantle: Management of Succession and Transition in Indian Family Business
Introduction (by Punam J R, Updated 2013):
Professor Sampath was visiting faculty at IIM Bangalore, and General Manager, Human Resources and Operations at Sharp Software Development India Pvt. Ltd., a part of the Sharp Electronics group when he wrote ‘Inheriting the Mantle’. A book that addressed the most impending issues of those times, ‘Inheriting the Mantle’ served family businesses on a platter, the most difficult and yet, most detailed aspect of running the business – passing it on to the next generation. While families still followed the “Karta” system and progenitor-style of business execution, the next generation imbibed modern values, diverse with the knowledge of computers and the western philosophy of conducting business. How to make these two poles meet was the question. “Inheriting the mantle’ was the answer to it. This book was the culmination of great hard work put in by Professor Sampath in the detailed research of three family businesses, with an intervention for change, and the development of a business mode that could aid family businesses in passing on the mantle with the best possible solutions.
To know more about Professor Sampath, click the ‘About‘ section.
Family businesses in India face an uphill task in adapting to the new business climate ushered in by the opening up of the economy. Nurtured during the protectionist years of the License Raj, they today run the risk of being relegated to the sidelines unless they can quickly transform themselves into professionally managed organizations. This timely book, released in 2001, provides an insight into the evolution and working of family-owned organzations in India and the key, often vexatious, issue of succession.
Using three longitudinal case studies spanning 15 years, Professor Sampath provides a comprehensive discussion of the problems and dynamics of family businesses in transition. Drawing upon his direct consulting experience with family organizations, he analyses their growth through different phases of being managed by the progenitors (founders) and their successors. He highlights the dilemmas faced by family organizations owing to conflicting cultures between the founders anchored in traditional value systems and the next generation, which is primarily schooled in western theories. The book discusses the ways and means these differences can be resolved and develops a unique entrepreneurial growth model for running a successful family enterprise taking into account the cultural dynamics.
Written in an extremely absorbing style, this book will interest owners of family businesses, human resource professionals, organization development specialists, management consultants, management students and researchers working in the area of family business and entrepreneurship.