FBN and its Indian chapter are proud to present the 30th Anniversary Global Summit in Udaipur, India from 16-19 October!
More than 500 of FBN’s global members will gather in Udaipur – India’s magical City of Lakes – to discuss how business families are mastering paradoxes to marry the competence of the corporation with the soul of the family.Where better to host this year’s peer-learning than India. Said Farhad Forbes, Chairman of FBN: “India is a land of paradox, and as Indians we live with paradox every day. We have modernity intertwined with heritage; tradition and renewal; best business practice coupled with professionalism and spiritualism; poverty with aspiration, determination and hope». Adds Ajay Shriram, Chairman of the Summit Host Committee: “India is a very diverse country – culturally, philosophically, attitudinally. There are 29 states in India and each state virtually has a different language, different food habits, different cultures. At the same time we are a united country.”
Navigating paradoxes: unconventional choices for business-owning families
Challenges in business families are often not so much problems to be solved as contradictions to be managed together: tradition and innovation; short-term profit and long-term legacy; preserving family privacy and building a public profile; reason and emotion; meritocracy and inclusion. Such dilemmas are arguably amplified in the Summit’s host country: the economist Joan Robinson once said, “Whatever you can rightly say about India, the opposite is also true.”
Instead of feeling frustration, business families must learn to draw strength from the paradox dynamic to become a more effective force for good as businesspeople and individually.
Join this year’s wide-ranging discussion and unique personal sharing among Summit participants about how business families are mastering paradoxes to marry the competence of the corporation with the soul of the family.