Indian society is predominantly a family oriented society, both at the social familial level, and almost equally so at the business level. Indian society lays strong emphasis on family values, loyalty (to the family) and inclusion. There are unsaid dynamics that define and drive family relationships, especially concerning authority and hierarchy. Family ties, age and gender play an important, if not the only role, in decision making. This kind of structure is not unique to any particular religious community as a vast majority of traditional Indian business families, irrespective of their religious backgrounds or beliefs, will display these characteristics.
Traditional Hindu families have adopted the teachings from the two major ancient Indian mythological epics, the Mahabharata and the Ramayana. These epics have been imbibed to such a great extent in the mind and conscience of Indian society, that the values and thoughts therein still evoke reverence. Continue Reading The Indian Model of Family Governance