Abstract
family businesses and Germany's Mittelstand have been identified as crucial to their country's economy and characteristic of their national business environment. The Economist calls family business houses India's favorite way of organizing firms (e.g. [9]). Whereas the Mittelstand has been named as the main motor of Germany's (German business, 2011). Both countries have experienced economic success recently: India has been growing at an above-average growth rate, attracting foreign attention and capital, to position itself as a new economic power. Germany on the other hand, has enjoyed relative stability among crisis-ridden European Union members. Scholars argue that both and Germany's way of doing business contributes to their success. Therefore, the analysis of Indian family businesses and the German Mittelstand will shed light on the source of their countries' strength. This paper seeks to define the two types of businesses and analyze their similarities and differences.
Published Version
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