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FAMILY BUSINESS
FAMILY BUSINESS
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Nordstrom 5.0: The Best Fashion Retailer in a Digital World?
AUTHOR(S) : Bala Bharathi Yelamanchi and Dr. Nagendra V. ChowdaryPUBLISHED DATE: 17/05/2019PUBLISHER: ET CasesCATEGORY: FAMILY BUSINESSPRODUCT: CASE STUDYCASE ID: FMB-1-0003, FMB-1-0003ACASE LENGTH: 33 PagesDESCRIPTION:When 117-year-old Nordstrom opened its first store (men-only) in New York (Manhattan) in April 2018, after 50 years of calculated and patient waiting, it wasn't just another store for Nordstrom. It wasn't just another store for fashion retailing world either, especially for US fashion retailing industry. It was a profound business statement on how Blake Nordstrom, Pete Nordstrom and Erik Nordstrom, the 3 Co-Presidents of Nordstrom plan to steer Nordstrom into digital world. With its new 47,000-square-foot ...read moreSHOW DETAILS -
Influence of Family on Family Business Succession Planning Process: The Reliance Industries Split-up
AUTHOR(S) : Dr. Sarika Lohana - UGC - Dr. S.Radhakrishnan Post-Doctoral Fellow, Swami Ramanand Teerth Marathwada University, NandedPUBLISHED DATE: 29/03/2018PUBLISHER: ET CasesCATEGORY: FAMILY BUSINESSPRODUCT: CASE STUDYCASE ID: FMB-1-0002, FMB-1-0002ACASE LENGTH: 9 PagesDESCRIPTION:On July 06th 2002, the death of Dhirubhai Ambani left the operations of Reliance Industries in complexities, as he had left no legal will and proper successor. The reason behind Reliance Industries family feud between the Ambani bothers i.e., Mukesh and Anil was due to the absence of proper succession planning, which is uncommon in large business entities in India.read more
The Reliance Industries Ltd. (RIL) stepped towards a split-up, with implications that went beyond the souring of personal relationships ...SHOW DETAILS -
Professionalism in Family Managed Business – A Case Study on Soujanya Color Pvt. Ltd.*
AUTHOR(S) : Dr. Shaila Srivastava, Chairperson of Centre of Excellence in Economic Policy Analysis and Research at K J Somaiya Institute of Management Studies and ResearchPUBLISHED DATE: 04/02/2016PUBLISHER: ET Cases - GSMCCATEGORY: FAMILY BUSINESSPRODUCT: CASE STUDYCASE ID: FMB-1-0001, FMB-1-0001ACASE LENGTH: 12 PagesDESCRIPTION:Soujanya Color Pvt. Ltd. (SCPL) started its business as a sole proprietorship company run by a small family in 1983. SCPL was producing color dispersions for coatings and allied industry. With the growth of the business over the years, family started looking for ways and means to expand and establish themselves in colorant industry. The major shift in company's strategy came in 2004-05 when management decided to take advantage of market opening up globally and expand their business. At this juncture, ...read moreSHOW DETAILS