BUSINESS ADMINISTRATION IN INDIA

Strength for Today and Bright Hope for Tomorrow

ISSN 2690-1749

Volume 1:7 June 2020

Managing Editor and Publisher: M. S. Thirumalai, Ph.D.



Celebrate India!
Unity in Diversity!!


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Copyright © 2020
M. S. Thirumalai

Publisher: M. S. Thirumalai, Ph.D.
11249 Oregon Circle
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Introducing a Book:

Family Wars
by Grant Gordon and Nigel Nicholson

M. S. Thirumalai, Ph.D.


Family Wars
Courtesy:
https://www.amazon.com

Family feuds are rather quite common when parental/ancestral properties are partitioned among the close relatives of the family. Such feuds usually affect the family members in many negative ways, especially in their kinship relations. Families may not talk to one another for even generations. Such a situation is also found commonly when two or more individuals own and run a shop or store in the bazar. We often notice that this may happen when the business is losing money and is not able to attract customers. Owners have difficulty in adding or investing more money into the business. Even when they invest more money in the business, things may not change for the better. We also notice when the partition takes place, one of the owners may be able to run his or her store more successfully and the other former partner’s store may continue go down the drain, ultimately leading to insolvency, etc. This picture is quite common in our bazars.

Similar situation happens even in big companies, traditionally owned by the members of a family. The reasons for the failure of the business operation are manyfold. But the failure of the business operation results in family wars. We may also say that because of family wars, which lead to misunderstanding for various reasons, the prosperous business may shrink over the years.


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M. S. Thirumalai, Ph.D.
msthirumalai2@gmail.com

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