Ep 34: How Family Firms Evolve

Family Firms get a bad rap -- but the professional CEO is often not the solution, but an added problem. The modern firm has evolved to solve this. Welcome to Episode 34 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah. In this episode, Ajay gives us a masterclass in the different ways in which is family firm can be structured, and the incentives those structures bring with them. He takes us through the four stages of its evolution, from a one-person business to the modern company with dispersed shareholders and a board of directors. This is particularly important an an Indian context, where family firms abound -- and so do misconceptions about them. This episode was first published on YouTube on February 16, 2024. For magnificent, detailed, juicy show notes, click here.