Tuesday, December 21, 2010

Family Business in India

This should be seen not as a matter of discredit but of pride. Corporate studies have shown that in India, unlike in the West, family-managed businesses do significantly better than those run by professionals. This could be because of our national ethos in which rules matter less than relationships, and family ties take precedence over impersonalised codes of conduct.



What works in business works in the business of politics. To score over rivals, the Congress used to boast of its TINA factor: there is no alternative. Today the TINA factor needs to be internalised. In the Congress, there is no alternative to the Family. True to the principle of truth in advertising, why not change its new name to the Gandhi Party?

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