Answer to Question #322490 in Management for solo

Question

How would you evaluate the stage of development of Bikanervala as a family business? What does this

imply for the major challenges that the family business faces at this stage?

Answer 1

The Company started and maintained concept as “one stop for your sweetness and happiness. Bikanervala, Sweetshop -cum- Restaurant joint in your city, a one of the leading Food & Beverage or Restaurant name in India. All started with our aim to reach the traditional Indian Sweets, Fast-food, Snacks and Beverages not only throughout the country but also across the world.”We have decades of robust experience in various range of Products i.e Namkeens, Bhujia, Sweets and Out Door Catering to serve the our customers to meet the needs of customers and to make them have the taste and quality of Indian Delicious Foods. As the business expanded, Bikanervala faced further pressures to professionalize on several fronts, and the family was forced to consider whether its family-oriented management style could scale up indefinitely or whether family ownership and management had to be diluted to grow the business.

Some of the challenges facing family businesses today;

Family Conflict Due To Entitlement & Individual Opinions.

Informal Culture & Structure.

Biased Employment Of Family Members.

Lack Of Relevant Training.

High Turnover Of Non-Family Employees.

Business Growth Opportunities.

War Of The Ages.