Change in Management from Family based management to Professional based Management.
Patel, Pinal (2009) Change in Management from Family based management to Professional based Management. [Dissertation (University of Nottingham only)] (Unpublished)
The aim of this research was to examine change in management from family based management to professional based management and to study the impact on employee satisfaction. The research was conducted with reference to a Surat(India-Gujarat) based family Firm-Luthra. The research has achieved following objectives: to identify the characteristics of family firms; to identify the momentums and impediments of adopting professionalism in family firms; to examine the need and effective effectiveness of change management(adopting professionalism) for family firms; to examine the impact of change management(adopting professionalism) on HRM in family firms; and to examine the impact of change management(adopting professionalism) on employee satisfaction in family firms. In order to achieve these objectives, data was collected interviewing 25 managerial and senior level employees in Luthra through questionnaire survey. The leading findings of the research are as following.
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