Family-run businesses survives if they adapt to changes, allow professionals from outside: Deepak Parekh

Family-run businesses should embrace change, practice proper governance, and develop a succession plan to ensure their long-term survival, according to HDFC chairman Deepak Parekh. Speaking at an event at the Center for Family Business and Entrepreneurship, Parekh noted that achieving success in such businesses often depends on the ability to invite professionals on board and embrace education.

source https://economictimes.indiatimes.com/industry/banking/finance/family-run-businesses-survives-if-they-adapt-to-changes-allow-professionals-from-outside-deepak-parekh/articleshow/99343341.cms