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Succession and Innovation: Key Drivers of Sustainable Growth of SMEs in India

In: Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises

Author

Listed:
  • Kavil Ramachandran

    (Indian School of Business)

  • Jayshree Suresh

    (Loyola Institute)

Abstract

Family firms play a critical role in India’s industrial landscape with most SMEs owned and managed by business families. While most of them do not survive across three or four generations, there is a small but impactful group that continues to thrive despite internal and external challenges. They have strong family governanceFamily Governance that helps them develop and practice sound leadershipLeadership and ownership succession. Many Indian SMEs are also very innovative. This chapter discusses the role of SMEs in the Indian economy and the key features of family-owned SMEsFamily-owned SMEs with both sound succession and innovativeness.

Suggested Citation

  • Kavil Ramachandran & Jayshree Suresh, 2021. "Succession and Innovation: Key Drivers of Sustainable Growth of SMEs in India," Springer Books, in: Hsi-Mei Chung & Kevin Au (ed.), Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, chapter 0, pages 243-264, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-9015-3_8
    DOI: 10.1007/978-981-15-9015-3_8
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