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VOL. 8, ISSUE 1 (2026)
Entrepreneurship from a family business perspective with special reference to Palakkad district
Authors
Jishnu MS, Krishna darshan, Lalit Lalson, Dr. V Sudha
Abstract
Family businesses constitute the backbone of India's entrepreneurial
ecosystem, contributing approximately 85% of all enterprises and playing a
pivotal role in employment generation and economic development. This study
examines entrepreneurship from a family business perspective in Palakkad
district, Kerala—a region uniquely positioned as the "Granary of
Kerala" with a rich tapestry of traditional and emerging enterprises. The
research investigates how family dynamics, cultural values, and
intergenerational transmission shape entrepreneurial behavior, decision-making
patterns, and business sustainability. Employing a descriptive research design
with mixed methods, data was collected from 50 family businesses across
agriculture, trading, manufacturing, and service sectors. Key findings reveal
that agriculture-based and trading businesses dominate the landscape, with 75%
of enterprises in their first or second generation. The study concludes that
family businesses must embrace formal governance structures, succession
planning, and professional management to ensure long-term survival in an
increasingly competitive environment.
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Pages:91-94
How to cite this article:
Jishnu MS, Krishna darshan, Lalit Lalson, Dr. V Sudha "Entrepreneurship from a family business perspective with special reference to Palakkad district". International Journal of Management and Commerce, Vol 8, Issue 1, 2026, Pages 91-94
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