Post Graduate Program in Management in Family Managed Business
by We School (Welingkar Institute of Management)Mumbai, Bangalore, New Delhi |
| Eligibility: (Pre-requisites) | Graduates from a recognized university, with minimum 50% marks and 2 years of work experience in their respective family business, after graduation. Should have taken CAT (2012) and /or XAT (2013) / and / or ATMA (Dec 2012 & Feb 2013) and/ or CMAT (Sept 2012 / Feb 2013). |
| Medium of instruction: | English |
The Indian and world economy are dominated by family owned businesses, which generate most of the economic output and wealth of a nation. In some regions of the world family-owned companies virtually control the economy. While family-owned companies are often strong competitors, they have vulnerabilities that need to be managed. A vast majority of family controlled businesses experience difficulties like moving from one-person general management to an institutionalized competence that results into competitive fitness across generations.
Welingkar's Family Managed Business Program explores and analyzes best management practices, governance practices and family continuity challenges, including issues relating to first generation entrepreneurs. It's designed for those of you, who are looking at making an existing successful business even more competitive. And also for those who are keen on creating business turnarounds or starting new ventures besides their existing ones.
Special Unique Features :
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Only 30 participants thus focused mentoring and coaching to develop your business.
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This two year program has sessions for just 7 days a month so that business can go on as usual.
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Participants will undertake a real time project and also work on creating an Integrated Business Plan for the benefit of their business, under guidance from experienced and expert faculties.
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Participants will undertake an International study tour to gain exposure to global organisations, SMEs & best work practices.
Program Objectives :
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Enhancing entrepreneurial skills Inculcating systematic and strategic planning Designing effective strategies suitable for changing environment
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Propelling innovative ideas in marketing, financing and operating a business
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Applying management science to FMBs
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Developing family members as family business managers
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Learning to evaluate situations and problems in FMBs
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Encouraging professionalism in FMBs
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Imbibing family values and ethics in the FMBs
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Cultivating global thinking to be applied to the business
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Understanding latest international trends in FMBs
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Appreciating strategic issues peculiar to FMBs
How different is PGDM - FMB from a Standard MBA?
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Standard MBAs are trained for seeking jobs in Corporates / MNCs etc. whereas, FMB students are trained with management skills to be entrepreneurs
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MBAs are tailored to create employees whereas, FMB students are trained to be the employers
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MBA trains a student to operate one function such as Marketing, Operations, Finance, HR, whereas, FMB provides knowledge of all functions as required by the head of the company
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MBA divides management into functions and focuses on one whereas, FMB integrates all the functions
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MBAs are, typically, not responsible for major decisions of the company in the early stages of their career whereas, FMBs are sculptured to take important decisions for their own company immediately
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MBA programs have a general understanding of business whereas, FMB program helps understand your own business better
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MBA programs are designed to sustain the needs of the company whereas, FMB program is designed for the rapid scale up of your business
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In addition, FMB program offers international exposure, including an educational visit to observe and understand the unique and highly productive work culture of Japan
Eligibility
Graduates from a recognized university, with minimum 50% marks and 2 years of work experience in their respective family business, after graduation.
Should have taken CAT (2012) and /or XAT (2013) / and / or ATMA (Dec 2012 & Feb 2013) and/ or CMAT (Sept 2012 / Feb 2013).
* Subject to Revision
Program Duration:
22 months of class room sessions. Classes will be held for 7 days a month, leaving time to attend business for the balance 3 weeks of the month.
Batch Size: 30
Program fees:
Rs. 5 lakhs /*- plus taxes as applicaple (*subject to change).
| Classroom - Regular | ||||
| When | Duration | Where | Remarks | Price |
| Not Specified |
22 Months |
All Venues | Classes will be held for 7 days a month |
INR 5,00,000 Per Course (Taxes As Applicable) |
| Price Notes: Fees : Rs. 5 lakhs / - plus taxes as applicaple (subject to change) | ||||
Bangalore, Hosur Road (Campus):- 102/103, Electronic City Phase 1, Next to Telephone Exchange Hosur Road, Bangalore - 560100, Karnataka, India
New Delhi, Lajpat Nagar (Branch):- House No.1, 2nd Floor, Ring Road Lajpat Nagar, New Delhi, Delhi, India
Bangalore, Hosur Road (Campus):- 11, Emen Arcade, Krishna Nagar Industrial Estate, Near Dairy Circle Hosur Road, Bangalore - 560029, Karnataka, India
We School (Welingkar Institute of Management)
Welingkar Institute of Management Development (WeSchool) was established in the year 1977 with a focus on giving a new dimension to Business Studies. It is part of the Shikshana Prasaraka Mandali, which has 43 prominent institutions across the country under its purview.
With a strong educational legacy of over thirty years, WeSchool believes in the excellence of quality education catered in relevance to the current times and industry demands; thus giving students a complete educational experience.
WeSchool’s strategy of responding efficiently and effectively to the needs of the industry and student community brings it in the league of leading Business Schools across India and South East Asia. With various other academic achievements and accolades, WeSchool has recently been ranked 1st in the West Zone by Careers 360 Education Survey, 2013.
Along with providing full-time business management courses, WeSchool has also been responsible in pioneering various part-time Diploma & Certification Programs and Post Graduate Diploma In Management through hybrid learning format. WeSchool has gained the distinction of being one of the few institutes whose hybrid programs have been accredited by the Distance Education Council (DEC), an apex agency, responsible for recognizing Open and Distance Learning Institutions in India.
At WeSchool, all the business management courses are tailored to give a clear understanding of Management subjects and are well-structured to enhance functional and soft skills development of its students. Combination of modern and traditional teaching methodologies help students to gain knowledge in the best way possible, while also helping them to realize and believe in their potential to evolve as successful role-players and decision makers in the professional world.
WeSchool is committed to produce outstanding managers with broad based knowledge, analytical ability, team experience and critical interpersonal skills necessary to meet today's and tomorrow's management challenges.
