Family owned businesses have played a crucial role in the economy of most countries. Much of the retail trade, the small scale industry, and the service sector are run by family businesses. Further, family managed businesses employ half the world’s workforce and generate well over half of the world’s GDP. With time, the contribution of family businesses has gone beyond simply paying taxes and employing people. Most of the business families face unique management challenges because of the difference in the attitude and aspiration of family members. As new generations join the business, it is an enormous challenge to keep the family and business together.
PRAVIN DALAL CENTRE FOR ENTREPRENEURSHIP & FAMILY BUSINESS MANAGEMENT was established to assist family owned firms to be in line with professional organizations. Being pioneers in the segment for more than a decade we understand the emerging needs of family run businesses in the growth and emergence of India as a strong nation. With an Alumni base of 1500 plus entrepreneurs from a family business background, in the last 14 years the School has taken serious initiatives and has developed expertise in Family Business and Entrepreneurship Management. The Center focuses on understanding and respecting each culture and values system existing in Indian markets and brings in transformation by becoming a part of the family thereby actually doing mentoring and handholding.
“On Jan 6, 2017, the Center received a generous endowment from Mr. Nayan Dalal of The Dalal Family Foundation (USA), in honor of his father Shri Pravin Dalal who is a successful businessman and an active social worker. In recognition of the endowment extended, the Center is renamed as the ‘PRAVIN DALAL CENTRE FOR ENTREPRENEURSHIP & FAMILY BUSINESS MANAGEMENT’.”
The focus of the courses offered at the Centre, ranging from 32 weeks going to 2 years full time MBA and recently launched Integrated MBA (5 years ) post 12th , remains on deeply understanding and appropriately delivering to Indian Family Businesses a strategic path to transform and grow their business while they play an important role in India’s growth.
To provide holistic and relevant information to our students, the focus is on understanding and discussing each sector, its multidimensional applicability, characteristics, survivability, proposed growth and challenges in a growing economy like India and in the global environment. Courses and initiatives undertaken at the Centre acquaint students with possible growth through Joint Ventures and Foreign collaborations. International exposure and linkages are established keeping in mind the student's objectives of global expansion and possible collaborations in the International arena.