Pros
Long hours on the job without competent supervision or training allows for fast hands-on learning environment for the smart / intelligent.
Cons
Entire business process / operation controlled / dominated by owner - promoter family led by 70+ yr old MD No delegation of authority beyond blood relatives - no trust placed on 'outsiders' Most leadership positions (sans authority) occupied by under-qualified family loyals HR malpractices - Extensive working hours, no leave, no confirmation letter after completion of probation (may take upto 7 yrs), no F&F settlement (7+ yrs) Second generation top leadership not competent enough to take over reins Limited business growth as already major leader in business category (90% share) with small turnover dealing in capital goods with long cycle. Future outlook subject to national political uncertainty considering 95% business concentrated with Central Government entities.
