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.
“On Jan 6, 2017, the School 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 School is renamed as the ‘PRAVIN DALAL SCHOOL FOR ENTREPRENEURSHIP & FAMILY BUSINESS MANAGEMENT’.”
PRAVIN DALAL SCHOOL OF 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 4000 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 School 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.
The focus of the courses offered at the School, 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.
My personal experience during this program has been more than overwhelming. It was never about “let’s just finish this master’s and run back home”, but every time everything we did was with lots of fun and learning. The NMIMS’s MBA E&FB program has a vast curriculum. From regular classes to guest lectures, conversation series, assignments and study tours – all were exclusive and specially-designed keeping in mind Family Business Owners perspective. Guest lectures and Conversation Series are sessions where we have evolved – from learning the bookish knowledge to understanding the competitive industry from experts – whilst sitting in the classroom.
Batch of 2017 - 2019
Upon completing my graduation and having worked in the United States, I decided I wanted to pursue Masters in Business Administration in India to understand the Indian Business World as I had decided to join my family business with a modern outlook. NMIMS Entrepreneurship and Family Business program with its excellent professors as well as the world class infrastructure is what at first lured me to the program. The program being ranked 96th worldwide and the only program to be recognized by McKinsey coupled with the teaching methodologies as well as the International Visit abroad, inculcated into the program to provide hands on learning, further led me to pursue the MBA Entrepreneurship and Family Business Program at NMIMS.
Batch of 2017 - 2019
NMIMS is a feeling, a feeling that is difficult to express in words. These two years in NMIMS has not only transformed me into a person I always wanted to be, but has also helped me to grow and make decisions out of my comfort zone. It is not only about the curriculum that E&FB has but the exposure and the knowledge they impart which is out of the box. This course takes care of the minute details in grooming us to become what we are today. From guest lectures, to industrial visits to the various events held in college, this course has taken out the best in me every time. This course has taught all of us that it is not about the empires that we possess, it is about how wisely we make it run to its extreme potential and I, as a businessman, think that its true in every aspect. NMIMS will always be an integral part of my success in the upcoming years ahead. It's been a memorable journey and has prepared me for the next phase of my life with a lot of enthusiasm and positivity.
Batch of 2017 - 2019
Of-course, even I had dreamt of pursuing an MBA degree. Coming from a family business background, I knew that NMIMS' MBA Entrepreneurship and Family Business Management program was the apt course (to give the required push to sculpt that professional alignment), I was looking for in shaping the future of our family business. The two years extensive MBA E&FB programme ensures to impart a holistic view of the business world changing your cognitive perspectives. The learnings from this course in true sense helps to efficiently remould the operational dynamics of a family run business. The highly qualified and experienced faculty creates all the more difference in shaping you as a professional. More so to mention that every subject is handcrafted and updated as per the changing times. Appraising this course would be the benefit it gave me in stacking up myself over my own expectations and my peers. The strategic blend of academics and practical application of the same creates an absolute experiential learning environment. I did give this course that critical examination which it demanded (and commanded) before enrolling for it and I can proudly express the value this course has provided in shaping a better me. I would say, "If entrepreneurship is your forte' and business runs in your veins - be ensured that MBA E&FB is the place to be!"
Batch of 2017 - 2019