1.What stage of family business lifecycle is your family business in?
My family business is in second generation phase and we are in the automotive industry.
2.In what way does this stage reflect a problematic and challenging stage?
The problem faced at this stage is the interest of the second generation in continuing the family business and helping it grow.
3.How does this stage of your family business lifecycle contribute, affect or erode the business and ownership dimensions of your business?
If I , like my brother decide to get involved in my family business it would help my family business grow at a rapid speed with the automotive industry booming and another trustable hand in the family business would definitely be of great use.
4.What transition do you envisage for your family business’s lifecycle stage in the coming 10 years?
I think the company will be able to have a Pan India presence with offices and clients all around the world
