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Kindle Notes & Highlights
Ambition, according to his brother Mahesh, has been Prabhu’s greatest strength and also his greatest weakness.
After all, as Mahatma Gandhi taught, beliefs become actions, actions become habits, and habits become values that define our destiny.
Tales of corruption within India’s police force are by no means unheard of; they are heartbreaking for the ordinary man to come to terms with the bitter reality that they are on their own, a lesson that Prabhu had learnt much earlier. A lesson that had driven him to leverage money and clout in order to make sure he would always be in the
Citing the study by Harvard that 70 per cent of family businesses do not survive past the third generation, he hopes that his brothers and uncles together will be able to develop and implement a succession plan that will protect their legacy for generations to come.
‘The whole process of starting at a particular position, learning your way up and then making it to a position where you have the authority to make decisions is missing. Currently, when one of us joins the business, they join as part of the management team of directors, whether or not they are capable of performing the job required. This puts the business at risk and is perhaps the most pertinent reason why family businesses fail,’
Instead of seeking to first understand, I sought to change.
The young padawans learn as they go, sometimes making huge mistakes and at other times achieving minor wins. Without a system in place, they lack discipline and organization. Arriving late for meetings, making suppliers wait for hours to catch up with them, coming to work at no fixed times are some of the lapses and luxuries that come with being a part of a family business.
