Family Business Management in Small and Medium Enterprises at Nellore District

Family businesses constitute most businesses in India. Economic liberalization and rapid expansion in the industrial base in
recent years have not only created growth opportunities for many but also have tested their resource capabilities to respond to
them. Family business management stands for “A family business is a company owned, controlled, and operated by members
of one or several families. Many companies that are now publicly held were founded as family businesses. Many family
businesses have non-family members as employees, but, particularly in smaller companies, the top positions may be allocated
to family members” Family Business contributes 60-70 percent of GDP of most developed & developing countries. Number
of challenges face by Indian family businesses today. My study covers key determinant factors which influence the family
business, leadership style, role of women, initial problems of entrepreneurs in family business and family business
management in India.