Succession and Innovation: Key Drivers of Sustainable Growth of SMEs in India

Kavil Ramachandran () and Jayshree Suresh ()
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Kavil Ramachandran: Indian School of Business
Jayshree Suresh: Loyola Institute

Chapter Chapter 8 in Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, 2021, pp 243-264 from Springer

Abstract: Abstract Family firms play a critical role in India’s industrial landscape with most SMEs owned and managed by business families. While most of them do not survive across three or four generations, there is a small but impactful group that continues to thrive despite internal and external challenges. They have strong family governanceFamily Governance that helps them develop and practice sound leadershipLeadership and ownership succession. Many Indian SMEs are also very innovative. This chapter discusses the role of SMEs in the Indian economy and the key features of family-owned SMEsFamily-owned SMEs with both sound succession and innovativeness.

Keywords: India; SME; Family business innovation; Succession; Family governance (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-9015-3_8

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DOI: 10.1007/978-981-15-9015-3_8

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