Pravin Dalal Centre for Entrepreneurship & Family Business Management

WEEKEND FAMILY MANAGED BUSINESS ADMINISTRATION PROGRAMME (FMBA)

A unique tailor-made week-end, one year Management Programme for owner-entrepreneurs and their family members who would like to equip themselves with the knowledge of modern management concepts and practices. This knowledge will enable them to meet the new age challenges and seize emerging business opportunities. The week-end structure of the programme ideally suits those who are already involved in the running of their family businesses. The FMBA Programme trains the students to act as CHANGE AGENTS for their family businesses, where two or more generations work together.

Programme Design

This tailor-made programme, with a holistic curriculum includes functional areas of professional management, communication skills, customer & supplier relations management, professionalizing family business management etc. that greatly enhances the participants’ effectiveness as Owner- Managers to initiate and lead the growth process

Faculty

Highly qualified faculty with rich experience of working in business and industry. They tailor-make their presentations and also interact with the students on one-to-one basis.

Programme Objectives

This pioneering initiative of SVKM's NMIMS School of Business Management - Pravin Dalal Centre for Entrepreneurship & Family Business Management, aims at facilitating transition from traditional to contemporary management practices in Family- Managed SME’s. The objective of the program is to equip members of business families with the knowledge of modern management concepts & practices.

Pedagogy

• Lectures and presentations by learned and experienced faculty form the core of the programme, supplemented by handouts and assignments. Presentations by guest speakers, special seminars, outbound training, factory visits, presentations by past-student entrepreneurs, are all integral parts of the programme.
• Students are given assignments in some core management subjects as a learning exercise.
• A detailed project on one’s own business with a SWOT analysis. This is a COMPULSORY REQUIREMENT.
• Helps participants to prepare a comprehensive document on the various facets of their family business.
• Presentation of projects by students in the class, offers a great learning opportunity to all participants.

Curriculum

Semester – I (Mid-Aug. – Mid-Dec.)

Module 1

CHALLENGES OF THE NEW BUSINESS ENVIRONMENT AND WHAT OWNER – ENTREPRENEURS NEED TO DO.

• Understanding the changing economic and business environment – domestic & global
• The Management Function
  1. Conceptual understanding of major challenges and tasks facing owner-managers and developing an integrated perspective of one’s family business.
  2. Family business – its unique nature and the interface between family and business
  3. Need for developing a professional approach for managing one’s family business.

Assignment

Students to submit a Position paper on the history and growth of their family businesses as per guidelines provided by faculty.

Module 2

DEVELOPING COMPETENCIES THROUGH A COMPREHENSIVE UNDERSTANDING OF FOLLOWING FUNCTIONAL AREAS

• Modern Management concepts and practices
• Marketing and customer relationship management
• Communication and net-working skills
• Operations, Supply Chain and supplier relations management
• Accounting and financial concepts
• The meaning of “Professional Management” : Moving from traditional to professional management style and likely obstacles

Assignment

Three assignments on General Management, Marketing Management and Operations, Supply Chain and supplier relations management to be submitted.

Semester-II (Jan - April)

Module 3

MANAGING FOR GROWTH IN THE NEW BUSINESS ENVIRONMENT

• Financial management and control systems
• Developing international business competencies
• Cost Management Techniques and cases for a competitive edge
• E-Marketing for growth
• Men Management and Family Business
• Issues in Family-managed businesses
• Forex Management

Assignment

Assignment given by faculty to be submitted.

Module 4

ENHANCING MANAGERIAL EFFECTIVENESS

• Building up a great image of your family business
• Business Taxation
• Business Planning & Strategy

Value added inputs- Sectoral Based

Seminars
Guest lectures
Experiential learning

Assignment

• Submission of Compulsory project on one’s own family Business (Guidelines will be provided)

Note

The above modules are for academic convenience. They are not watertight divisions or exclusive of each other.

Classes are held on Week-ends as under:

1. Saturdays: 9.30 a.m. to 4.30 p.m. Sundays: 9.30 a.m. to 1.45 p.m.

Eligibility

A Graduate Degree from a recognized University or a three year Post – HSC Diploma in any discipline from a UGC recognized Institute / University with a good post – education business experience.

Award of Diploma

To earn their Diploma, students must attend classes regularly and punctually, complete & submit all assignments on time, including the Compulsory Project on their own Family Business.

FAILURE OR DEFICIENCY ON THESE COUNTS WILL MAKE A PARTICIPANT INELIGIBLE FOR THE DIPLOMA.