inter generational transition
Insights around how businesses think about transitioning effectively right across generations.
Business continuity across generations
Meher discusses her approach towards her children getting involved in Thermax moving forward. She talks about the distinction between responsible ownership and day to day management. She also talks about the criticality of external experience before starting within the company (something she misses in hindsight) in case the child wants to get into the management of the company.
Thinking about Next Gen
Harsh speaks about how his children are charting their journey. He goes on to say that he would like them to make choices on their own terms based on their interests and skills.
Passing the Baton
Tarun speaks about how family businesses think about the next generation coming into the family business. He speaks about how sometimes the next-gen wants to pursue a different path and how they walk the tight rope of ensuring continuity versus tuning into the passions of the next generation.
Driving self-discovery with Next-gen
Tarun speaks about how enduring families think of dealing with the question of the next generation entering the business. He speaks about how the more evolved families give the next generation an opportunity to actualize their potential and go on a process of self-discovery.