How Spirituality Shapes Family Business Philanthropy in India
Featuring Kavil Ramachandran
Spiritual values influence philanthropy in Indian family firms, but strong leadership and systems make it effective.
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Kavil Ramachandran
Professor of Entrepreneurship (Practice) and Senior Advisor at ISB’s Thomas Schmidheiny Centre for Family Enterprise (ThS_CFE). He focuses on family business, entrepreneurship, and strategy. His expertise lies in governance, professionalisation, and strategic challenges faced by fast-growing, multi-generational family firms.
Key Takeaways
- Hindu spiritual beliefs of dharma and karma guide corporate giving in family businesses in India.
- The study identifies four types of firms-devout, committed, coerced, and devoid-based on their approach to CSR.
- Along with spiritual values, effective philanthropy requires strong leadership, family involvement, and professional support.