Podcast Themes

Stephen speaks about how he initially focused on the business side of things while his father was the “larger than life” thought leader. He speaks about how, over time, his insights around the high cost of low trust have emerged and how he has found his voice a thought leader over time.

Tarun speaks about how family businesses think about the next generation coming into the family business. He speaks about how sometimes the next-gen wants to pursue a different path and how they walk the tightrope of ensuring continuity versus tuning into the passions of the next generation.

Tarun speaks about how enduring families think of dealing with the question of the next generation entering the business. He speaks about how the more evolved families give the next generation an opportunity to actualize their potential and go on a process of self-discovery.

Harsh speaks about how his children are charting their journey. He goes on to say that he would like them to make choices on their own terms based on their interests and skills.

Meher discusses her approach towards her children getting involved in Thermax moving forward. She talks about the distinction between responsible ownership and day to day management. She also talks about the criticality of external experience before starting within the company (something she misses in hindsight) in case the child wants to get into the management of the company.