Week 4
1. How would you describe the culture of your family’s business?
The way of life of privately-run companies are in many cases affected by the vision, style, and upsides of their organizer and are painstakingly kept up with through the ages. Societies like these tight spot workers to a typical reason and encourage dependability and strength. When overseen successfully, a solid culture can situate a privately-owned company to make long haul manageability by drawing in and holding top ability and long haul objectives.
A solid culture can likewise be a responsibility. In a consistently changing business climate where advanced change and plan of action disturbance is certain, the way of life of privately-owned company ought to fit to its motivation.
2. What key cultural challenges that your family, ownership and management faces?
The key cultural change will be the acceptance of people coming to the work can be of different religion, community, etc. Avoiding conflict and infusing the work ethics in the workers will allow them to last long and will bring the family together keeping their differences apart.
3. Which famous family business’s value-driven and cultural tensions, conflicts and
contradictions do you find the most fascinating and why?
Family businesses are best known for their distinctive cultures, strong and are influenced by the values, vision and style. Tata Group, known for its ethical nature of businesses, looks very fascinating to me. The humbleness of the employees and owner impresses me and they take care of their employees a lot and provide them a healthy life.