The July-August 2014 issue of The Smart Manager focuses on family business. Despite just about 13% of family businesses surviving to the third generation and only 4% surviving to the fourth, the prospect of being a part of, or leading a family business continues to be more attractive than other career prospects that offer defined growth and assured returns. The issue explores the facets of succession planning, ownership control, and wealth management that constitute the core of a family-owned entity. Further it also tries to understand how easy or difficult it was for the younger lot to step into the older generation’s shoes. Nadia Chauhan, Punit Lalbhai, and Lara Balsara share their experiences. This issue also features an interview with Harvard Business School’s J Bruce Harreld and Stephen P Bradley on the need to cross borders diligently, and Christian Bason’s article on co-creation in governance.
The Smart Manager, India's first world-class management magazine, was founded in 2002 by eminent business historian Dr Gita Piramal with Harvard Business School Dean, Prof. Nitin Nohria with the mission of updating managers and business practitioners in India with the latest thought-provoking strategic ideas from experienced, world-class managers, academics and consultants from across the globe. Over the years, the magazine has carried articles authored by illustrious management gurus such as the late CK Prahalad and Sumantra Ghoshal, Jack Trout, Ram Charan, Gary Hamel, Gay Haskins, Jagdish Seth and Lynda Gratton. We believe that "managers are the best teachers of managers" and most of our articles are written in the first person by top-tier CEOs such as Kumaramangalam Birla, Sunil Mittal, Aditya Birla, KV Kamath, Santrupt Mitra, Rajeev Dubey and S Ramadorai. We also have relationships with a number of B-schools around the world, apart from most top-level schools in India. The Smart Manager hosts the Tata Consultancy Services Smart Manager Case Contest, the most prestigious competition of its kind in the Indian print media. The contest, with a cash prize of INR50,000 per issue, sees wide participation from national and international business managers and students. The 'Smart" in The Smart Manager is an acronym for Strategy, Marketing, Analysis, Resources and Technology. Truly useful knowledge when you need it 24 x 365, year after year.
