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Breaking News: IIM Calcutta Launches PG Certificate in Family Business Management, Click here to Secure your Spot

 Alisha Kumari
 Alisha Kumari 08/12/2023
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IIM Calcutta
Image by Alok Prasad

According to IIM Calcutta: 

“Running a family-owned enterprise? Master the principles of corporate governance with IIM Calcutta’s FBM. Offers 3-hour online lectures. Enrol for FBM B05”.

Businesses in India are almost Family-managed businesses, but now to make this face worldwide, IIM Calcutta has launched the self-evident course of India that is Family-managed businesses course. And we all know that the business environment in India is far more dynamic today than ever before. Also, there is a requirement of family-managed businesses that it should be adapted to the professional ways of managing their businesses to remain afloat in today’s competitive environment. 

Therefore the Post Graduate Certificate in Family Business Management programme is developed to educate and enable the owners/top management of the family businesses. In India to understand the business environment and functional aspects, develop strategies to expand their business, and to identify new growth opportunities. 

Below is the link to take admission in this Family-managed Businesses Course

Apply now by this link: 

Family-Managed Businesses Course Highlights 

  • Two campus immersion modules of FIVE days each
  • Focus on real business use cases
  • Contextually designed 12-month program for family business owners
  • IIM Calcutta Executive Education Alumni status

Further, these courses are divided into 7 modules that the students have to study. Below are the details of all 7 modules of Family-managed businesses: 

Module I – Functional Areas of Business

Managing Money

  • Financial Reporting and Analysis Concepts
  • Cost Management Concepts

Managing People

  • Understanding Self
  • Leadership
  • Handling Conflicts
  • Negotiation Skills

Managing Customers

  • Marketing Management Fundamentals
  • Delivering Value to Customers
  • Digital and Social Media Marketing

Managing Business Operations

  • Lean Management
  • TQM, JIT
  • Service Operations
  • Supply Chain Management

Module II – Understanding Macroeconomic Business Environment for Family-managed Businesses

  • Environmental Forces and their Impact on Business
  • Understanding Macro and Microeconomics

Module III – Dynamics of Family-managed Businesses

  • Evolution and Growth of Family Business
  • Corporate Governance and Business Ethics for Family
  • Businesses
  • Crisis Management
  • Value Drivers
  • Succession Planning

Module IV – Business Financing, Valuation, and Venture Capital Funding

  • Corporate Finance Concepts
  • Fund-raising from Multiple Sources to Grow Business
  • Private Equity, Venture Capital, and Corporate Valuation
  • Financial Planning and Wealth Management

Module V – Understanding Entrepreneurship

  • Entrepreneurial Success and Innovation
  • New Businesses Ideas, Evaluation, and Implementation
  • An Introduction to Intrapreneurship
  • Establishing and Managing a Start-up
  • Challenges Entrepreneurs Face and Addressing Those Challenges

Module VI – Design Thinking and Innovation

  • Innovation and Corporate Strategy
  • Design Thinking for Growth Strategies

Module VII – Taking One’s Business Global

  • Developing a Global Mindset
  • Internationalisation of Business: Taking your Business Global
  • Building Skills for Global Business

The class schedule for this Family-managed Businesses Course is Sundays Sessions: 03:30 p.m. to 06:30 p.m.

  • Course Starts- 7th January, 2024
  • Course Fees- ₹4,40,000
  • Duration- 12 Months

The Indian Institute of Management Amritsar stands as IIM Amritsar which is one of the young members of the Indian Institutes of Management Umbrella and was established in 2015 as an Institute of National Importance. 

Therefore is a Public Business School located in Amritsar, Punjab, India established by the Ministry of Human Resource Development in 2015.

News source: 

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