How would you describe the culture of your family’s business?
The culture of my family business can be defined as a duo of Indian and Chinese cultures. We majorly sell in all parts of India which in itself has many cultures and languages. But since we have been dealing with China for the past 20 years we can also say that somewhere there are some Chinese business cultures included.
In what ways are your family’s purpose and values reflected in this business culture?
My family business consists of more than 15 family members working together. Everyone is seen respecting all of the other members and carrying out healthy day to day business activities. A sense of trust is present among all the members of the family business. Also, it is been seen that all the members never quell with anyone and a mutual decision has been made.
How does this stage of your family business’ lifecycle contribute to, affect or erode the business and ownership dimensions of your business?
My family business was founded by my father and my uncle 25 years back. Since then it has been my father who is taking care of the making decisions. After so many years of partnership, there is a mutual understanding between both of them and generally decisions are made without asking the other person unless it is of major concern to the company.
What transition do you envisage for your family business’s lifecycle stage in the coming 10 years?
In the upcoming 10 years, I feel that the business would be run by me and the other founder’s son. Our fathers would be overseeing the business and its operations and could help us make decisions wherever their expertise in the business is needed.