Article – MBA (Entrepreneurship & Family Business Management)
How to lead the change in family businesses?
Change or transformation is the essence of life and it’s inevitable and is bound to happen sooner or later. Business, like any other ecosystem, is time and again exposed to the forces of change and the smartness lies in understanding the undercurrent and prepare for an overhaul to lead the change.
Closely observing the
evolving scenario:
To run a
successful Family business, the knack to lead the change is the most important
element to make things work. The typical problems that trouble Family
businesses, such as lack of trust or failure to professionalize can be managed
clearly by adopting a model of change that is professionally taught in an
institution of eminence like Pravin
Dalal School of Entrepreneurship & Family Business Management which was
established in 2006.
Understanding the
pulse of Family run businesses:
The School
offers multiple programs, stated below, and nurtures future leadership through
its pioneering ecosystem of well-respected faculty, futuristic curriculum,
subject matter expert talks, peer group learning, personal development
workshops, intensive international exposure and social connect programs.
Pravin
Dalal School is an initiative of ‘The School of Business Management’ (SBM)
of NMIMS Deemed-to-be-University which offers best management education in
the country to the individuals who want to make the key transition in their
careers.
Narsee Monjee Institute of Management Studies (NMIMS) was established in 1981
by Shri Vile Parle Kelavani Mandal (SVKM) to meet the growing demand for
management education. In 2003, NMIMS was declared a Deemed to be university
under Section 3 of the UGC Act 1956. With the legacy of 40 years, NMIMS has
become one of the Top-10 B-schools in India and has emerged as a
multi-disciplinary, multi-campus University with 17,000+ students and 750+
full-time faculty members.
Acquiring a potent
tool:
The smartly
crafted ‘2 Year MBA Entrepreneurship
& Family Business’ is specifically designed to assist family-owned
businesses in understanding the changing dynamics of competition as well as the
organization, brought about by globalization. This program further helps the
students in identifying business opportunities by assessing the risks and
providing solutions for emerging markets. This course will help students to
learn fundamentals and acquire skill sets that will prepare them from the
initial development of a business plan to financing a start-up and managing a
growing business.
Developing the managerial acumen:
MBA (Entrepreneurship & Family Business): It’s a 2 Year course with a judicious mix of classroom lectures, case studies, project assignments and industrial visits.
Program Highlights:
Getting the desired output:
The School has a ‘Vision to be amongst the Top 50 in the World’ by understanding and appropriately delivering a strategic path to transform and grow businesses while they play an important role in the evolving economy. The structure of excellence fostered at Pravin Dalal School is greatly in sync with the spirit of the times and the passing out students will be leading the change in developing an inclusive and prosperous society.