LT 10

1. What is often a negative perception of family-owned businesses?

• They lack innovation

• They are difficult to deal with as clients

• They are too cooperate

• They are not concerned with profitability

How does Nita Ambani approach business with Mumbai Indians?

• She focuses solely on profits.

• She focuses only on the team’s performance, ignoring communication.

• She delegates all responsibilities to others.

• She runs the team like a family, not just as a business.

What does Nita Ambani do before a meeting to ensure her team is comfortable?

• She makes sure everyone has snacks, tea, or coffee.

• She reads them motivational speeches.

• She delegates all responsibilities to others.

• She focuses only on the team’s performance, ignoring communication.

What does the Hindi word "Khatirdari" means?

• Strict professionalism

• Hospitality and making guests feel special

• Financial investments

• Business strategy

What is one key characteristic that sets family-owned businesses apart from non-family businesses?

• They often add a personal and warm touch to business relationships.

• They prioritize financial outcomes over relationships.

• They rarely engage in innovation.

• They avoid long-term relationships with employees.

Which of the following is NOT a family-owned business mentioned in the text?

• Godrej

• Bajaj

• Tata Motors

• Dabur

What event demonstrated Ashwin Dani's personal touch at Asian Paints?

• A lavish farewell party for an employee.

• A puja to bless an employee leaving the company.

• A team-building retreat for employees.

• A product launch event.

Why are family-run businesses often able to retain talent?

• They offer higher salaries than non-family businesses.

• They provide better job security due to their size.

• Employees feel valued, respected, and wanted.

• They rarely give employees responsibility.

What’s one example of a family-run company with a high market valuation?

• Pidilite Industries

• Reliance Industries

• Infosys

• HDFC Bank

What is a key factor that differentiates family-run businesses from 'professional' companies?

• Family-run businesses focus only on profits, ignoring employee welfare.

• They add warmth, sensitivity, and a personal touch to business relationships.

• They typically avoid professional partnerships.

• They discourage employee feedback and participation.