1. What stage of the family business Lifecyle is your family business in?
my family business is in the stage of cousin partnership where the business is run by my grandfather and his brothers' offsprings.
2. In what way does this stage reflect a ‘problematique’ and challenging stage?
There is often a confusion amongst the workers for who to take orders from since there is a lack of clear distinction of roles. This ultimately results in conflicts in cases of differences of opinions.
3.How does this stage of your family business’ lifecycle contribute, affect or erode the business and ownership dimensions of your business?
there is no room for further growth as there is poor distribution of authority. In case of difference of opinion the work has too come to a standstill until the problems are resolved.
4.What transition do you envisage for your family business’s lifecycle stage in the coming 10 years?
I believe that in the next 10 years only those family members who are interested in the business will actually run the business and the other siblings will branch out and start something different but still have some stake in the company.
5.How do you anticipate your family business and its owners and agents (including yourselves), reacting to these changes?
After a decade the share of each member will be too small to continue this as their sole source of income hence, they will either leave and sell their shares or try to expand into another business.