Purdeep Sangha on Balancing Tradition, Innovation, and Mentorship in Family Business

Ahmed Assaf welcomes Purdeep Sangha to discuss the intricacies of managing a family business. They delve into the challenges and personal experiences unique to family enterprises, emphasizing the importance of agreements and effective communication. The conversation explores balancing tradition with innovation and the need for annual vision and strategy updates for long-term success. They share insights on overcoming challenges and embracing growth, highlighting the role and benefits of mentorship. The episode also covers the value and costs associated with mentorship and addresses handling the emotional impact of family business conflicts. It concludes with closing remarks.

Speakers

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Ahmed Assaf

Host • 12%

Purdeep Sangha

Guest • 88%

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Chapters

0:00	Introduction
0:33	Challenges and Personal Experiences in Family Business
3:23	Importance of Agreements and Effective Communication
8:44	Balancing Tradition with Innovation in Family Business
11:28	Vision and Strategy: Annual Updates for Long-term Success
15:24	Overcoming Challenges and Embracing Growth
18:21	Mentorship's Role and Benefits in Family Business
23:03	The Value and Costs of Mentorship
24:50	Handling Emotional Impact of Family Business Conflicts
25:11	Closing Remarks

Transcript

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