• Sampath Dorairajan

An important element in Family owned Businesses is succession planning and it requires a thorough and quality understanding. It has become a concern that would elicit evaluation from various angles and thoughts including family, management of the business, and the different stakeholders. Recent indications suggest that the succession planning process in family companies is augmented by the ability of the existing ownership to allow the successor to be assigned, work on the agreement within family and acceptance of roles of individuals. There are varied opinions about the importance of each other's role. This makes it obvious for the need to align all the perspectives about the stakeholders' insight in the family firm.

family business, family relationship, succession planning

"DOES EARLY PREPARATION AND FAMILY RELATIONSHIP LEAD TO SUCCESSFUL SUCCESSION IN FAMILY-OWNED BUSINESS?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 11, page no.577-580, November-2020, Available :http://www.jetir.org/papers/JETIR2011077.pdf

"DOES EARLY PREPARATION AND FAMILY RELATIONSHIP LEAD TO SUCCESSFUL SUCCESSION IN FAMILY-OWNED BUSINESS?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 11, page no. pp577-580, November-2020, Available at : http://www.jetir.org/papers/JETIR2011077.pdf