Guruji Sri Sri Ravi Shankar's message to India's Family Managed Businesses.

At a CII meeting in Mumbai two weeks ago, I asked Guruji Sri Sri Ravi Shankar's one of India's most respected spiritual leaders; on his message for India's family managed businesses.

He replied that in most family managed businesses, communication was a big problem. Issues were normally created by outsiders within the business between the family members. So, continous transparent communication between family members in the business was a must.

He also said that the concept of 'family' had to be broadened and had to include other non-family related employees of the organization.

When most Indian family managed businesses are witnessing massive changes due to the Globalization and the Internet, Guruji Sri Sri Ravi Shankar's message makes a lot of sense.