Talent Development in Family-managed Businesses: A Cross-organizational studies on SMEs and large business units in India

Family-managed organizations practice talent development through alternative experiential learning approaches like mentoring, cross-skilling and even by focusing on employee engagement. This study examines the trend in talent development practices in family-managed business units in India, based on...

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Bibliographic Details
Published in:Productivity (New Delhi) 2016-07, Vol.57 (2), p.172
Main Author: Bhattacharyya, Dipak Kumar
Format: Article
Language:English
Subjects:
Competitive advantage
Decision making
Economic conditions
Employees
Human capital
Methods
Secondary school students
Small & medium sized enterprises-SME
Talent management
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Summary:Family-managed organizations practice talent development through alternative experiential learning approaches like mentoring, cross-skilling and even by focusing on employee engagement. This study examines the trend in talent development practices in family-managed business units in India, based on information compiled from two family-managed small and medium-sized enterprises (SMEs) and two family-managed large business units. The study outlines the talent development practices in sample family-managed SMEs and then compares it with talent development practices of two large family-managed business units. Based on the literature support and the results of comparison, the study then suggests the need for emulating the best practices on talent development in family-managed SMEs, even when direct investments are not made.
ISSN:0032-9924
0976-3902