Beyond Three Generations : The Definitive Guide for Building Enduring Indian Family Businesses by Navas Meeran , MSA Kumar , Firoz Meeran | Book review
Book review :
"Beyond Generations" is a captivating and thought-provoking read. This book is a combined effort of authors to bring forward the reasons and major setbacks that led to the failure of the family business over three generations.
This book is a guide to the millions of MSMEs and thousands of larger family businesses on how to build enduring corporations. Written anecdotally, this book is based on twelve case studies of companies from across the country, but those in a league below them, mostly with turnovers of around ₹1000crores.
The book draws inspiration from the 5D model of Professor Kavil Ramçhandran of ISB, Hyderabad.
💮 Dilemmas
💮 Destruction
💮 Deviations
💮 Differences
💮 Disputes
The book expands on the deduction that most privately run companies lose their sheen and verve after two ages and become a faltering exaggeration of themselves. It curates pragmatic insight and subtleties around establishment building, business and privately-owned company executives. The book contains extremely educational points around the subject of privately-run companies described in a non-educational and straightforward manner.
While a large part of the text clarifies ideas from the encounters of twelve Indian organizations, there is likewise a rich agenda of systems, layouts, and questions that assist the reader with considering extraordinary bits of knowledge masked as tales. It is an expert class from the focal point of two business visionaries, a business consultant and a senior writer. It introduces itself as an embroidery in which strings of various varieties and aspects wound around together a mosaic of learning.
I appreciate the hard work and minute details the authors have shared and depicted the solutions of any business family that aims to successfully run their business beyond three generations. The way the examples of these 12 families and their history, struggles and achievements are shared is really outstanding.
Overall, this book is a must-read for all entrepreneurs to read and learn the tactics to make their family businesses a brand for a long period. Highly recommended!
This post is part of the Bookish League blog hop hosted by Bohemian Bibliophile.
Purchase: Beyond Three Generations
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I am not an entrepreneur nor am I into a family-owned business but this book appeals to me because it talks about sustained growth or the lack of it in family-owned businesses and the reasons for the same. Fascinating indeed.
ReplyDeleteThis wouldn't be a practical guide for me as don't intend to run a business anytime soon. But the principles seem like they'd help with life and professional lessons too. I'll check it out.
ReplyDeleteI found the 5D model proposed by Professor Kavil Ramçhandran of ISB, Hyderabad—dilemmas, destruction, deviations, differences, and disputes—particularly enlightening. It serves as a framework for understanding the challenges faced by privately-run companies and offers practical guidance for navigating through them.
ReplyDeleteThat's a kind of book whose appeal will be rather limited, I guess. But its importance in these times of joblessness and uncertainty cannot be ignored.
ReplyDeleteLearning about how a company starts and what it takes to make it successful is always so inspiring. This sounds like an informative read.
ReplyDeleteThis isn't really my kind of book, but nice to know your thoughts on it.
ReplyDeleteThis isn't really the kind of book I'd read but nice to know your thoughts on it.
ReplyDeleteI totally understand why this book would be great as a gift to startup founders. While it is easy to get business off the ground, I am sure there must be too many challenges for the business and the families to sustain and thrive for three generations.
ReplyDeleteThis sounds like a very informative read for anyone looking to start their entrepreneurial journey.
ReplyDeleteThe book seems like a must read for would be entrepreneurs as it gives the trials and experiences of not 1 but 3 generations. Thanks for the book recco.
ReplyDeleteI am sure this book will be a valuable guide to those in the family business and those intending to have one in the present-day market forces in business.
ReplyDeleteThis sounds like an interesting read, especially the 5D model. I would like to read to see how this works out- Dilemmas, Destruction, Deviations, Differences, Disputes
ReplyDeleteSeems like an interesting book with insights from 12 business families, definitely adding it to my TBR. I am glad you wrote a post about this book!
ReplyDeleteI’m just thinking of the amount of research that would be required to write this book. What a great book to spread awareness about, I’m going to make note of this! Thank you!
ReplyDeleteYou review clearly talks about the USP of the book and I am sure you will not disagree that in each one of us there is an entrepreneur who thinks different or wish to think different and so its a must read for each one us. Thanks for the recommendation.
ReplyDeleteThis book will work as a guiding force to all the start ups and it will stand out among best book in the business category.
ReplyDeleteShifali, your review of "Beyond Three Generations" is incredibly insightful and engaging! You've done an excellent job summarizing the key points of the book and highlighting its significance for family businesses.
ReplyDeleteThat's an unusual choice of book. I see its relevance in this time and age, especially with the start up revolution in the country.
ReplyDeleteEntrepreneurs need to always keep reading and learning and expanding their knowledge and also understanding of the world around them - a book such as this would be a good addition to anyone who does business or even who supports another business entrepreneur.
ReplyDeletewoah! heavy topic but quite a book one can read. Would suggest to friends who would be interested in it.
ReplyDeleteSuccessful business that is run by three generations this must be the best book that people with business idea or startuo must read.
ReplyDeleteThis book sounds right up my alley. Thanks for sharing about it. As an entrepreneur from a non-business family, I did struggle initially. But then, I had mentors I could turn to.
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