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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.

  • MBA (Entrepreneurship)
  • Integrated MBA (Entrepreneurship and Family Business)
  • MBA (Entrepreneurship & Family Business)
  • Weekend Family Managed Business Administration Program (FMBA)

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:

  • To develop skills in successfully initiating, expanding, diversifying and managing an enterprise with a focus on understanding real-life business situations & practices
  • To inculcate among students entrepreneurial competencies including self-confidence, goal setting, planning, information seeking, problem-solving and planned risk-taking
  • To provide intensive personal counselling to develop a competent entrepreneur and a successful business executive of tomorrow

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.

           
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