“The Study of Leadership Development in the Family-Owned Manufacturing Businesses of Gokul Shirgaon and Shiroli MIDC in Kolhapur District.”

Abstract

The leaders are born or trained. In both conditions, leadership development is a long-term, ongoing process. The family-owned businesses are also not an exception to this. The leadership development process in a family-owned business goes on from generation to generation.  The leader of the family business carries the family legacy, including family values, culture, and traditions. The family business leaders have to strike a balance between family traditions and new business insights. He also has to strike a balance between the opinions of older generations and the new shifts in the business environment. The leader of a family business has to develop a different skill set to grow the business and maintain a balance between business and family. Thus, in a family business, leadership development is a continuous process.