The Utkal Chamber of Commerce and Industry (UCCI) in association with consultancy firm KPMG, Kolkata organised an interactive session on ‘Family-run Businesses: Challenges in Growth and Sustainability, the Way Forward’ on Saturday.
The programme had discussions on various challenges confronting family-run businesses. Presiding over the event, UCCI president Ramesh Mahapatra said businesses in present time often require assistance from advisers who can work with them in the areas of succession and next generation, governance, growth, assurance, exit strategies, wealth preservation and philanthropy.
“The task of realising full potential of the business while satisfying the expectations of the various stakeholders can be very challenging sometime but achievable with the right kind of help,” he added.
The programme was aimed at promoting growth and sustainability of businesses in the fine balance between the needs of the business and the expectations of family members or stakeholders. UCCI secretary Prasant Satpathy and KPMG India Management Consulting head Ambarish Dasgupta also spoke.