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Course

Family Business

90%
Family Business
Part 1
Introduction
10m 51s Lecture

 

Section 1: Accomplished Goals from the Video

The primary goal achieved in this video is to introduce the course titled “Family Business.”

Section 2: Video Summary

The video presents key statistics on family businesses, indicating a market capitalization of over 70% and employment of 57% of the workforce. It identifies four major challenges in family businesses: business growth, involving new generations, managing cash flow, and handling conflicts. The course is structured into four parts: Foundation, Growth, Conflicts, and Succession Planning. Various business structures, including sole proprietorship, partnership, corporation, and limited liability company, are introduced.

Section 3: Main Content Highlights

Key Note #1: Importance of Family Business

  • Statistics:
    • Family businesses in India contribute over 70% to market capitalization and employ 57% of the workforce.
  • Illustration:
    • Contrasts the approaches of Kunal (family-oriented) and Karan (professionally funded), showcasing the resilience of family businesses.
  • Golden Statement:
    • “Only the makers of the clay pot know its real value.”

Key Note #2: Burning Problems in Family Businesses

  • Major Issues:
    • Business growth, integrating new generations, cash flow management, and conflicts are highlighted.
  • Course Objective:
    • The course aims to provide maximum value in addressing these challenges.

Key Note #3: Division of the Course

  • Part 1: Foundation:
    • Covers essential knowledge, reasons for family business failures, and strategies for avoiding failure.
  • Part 2: Growth:
    • Addresses scaling, expanding, relationship maintenance, and organizational processes.
  • Part 3: Conflicts:
    • Focuses on dealing with conflicts arising from family issues.
  • Part 4: Succession Planning:
    • Highlights the critical strategy of choosing and training successors.

Key Note #4: Topics Covered in the Course

  • Various Topics:
    • Special aspects of family businesses, reasons for failure, importance of continuity plans, operations management, cost-effective brand management, cash flow management, attracting professionals, technology integration, and conflict resolution.
  • Long-Term Planning:
    • Emphasizes the importance of long-term plans for family businesses.

Key Note #5: Know Your Professors

  • Instructors:
    • Professors are introduced, each with expertise and experience in family businesses and related fields.

Key Note #6: Different Types of Business Structures

  • Structures Covered:
    • Sole Proprietorship, Partnership, Corporations, and Limited Liability Company.
    • Provides a brief overview and suggests transitioning to private limited companies for ethical business growth.

Section 4: Key Outcomes

1. Understand Family Business:

  • Gain insights into family businesses and learn how to manage them through the course.

2. Learn Do’s & Don’ts:

  • Acquire knowledge of the do’s and don’ts of family business management from the course.

Part 2
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Part 3
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Part 4
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Part 5
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Part 6
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Part 7
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Part 8
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Part 9
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Part 10
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Part 11
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Part 12
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Part 13
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Part 14
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Part 15
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Part 16
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Part 17
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Part 18
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Part 19
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Part 20
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Part 21
Summary
6m 18s Lecture
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Start On January 31, 2024
Duration 4 Hours 2 Minutes
Level Beginner
Family Business Pair text with an image to focus on your chosen product, collection, or blog post. Add details on availability, style, or even provide a review.
Price Original price was: ₨ 5,000.Current price is: ₨ 499.

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