"If your thoughts & actions inspire others to 'Dream big' 'Learn More' 'Do More'
and 'Become More' you are Leader" - Seema Mahajan
Family businesses have been an integral part of any country’s economy and society. The story is not different in India. These businesses, whether large conglomerates or medium and small enterprises, have contributed significantly to nation building, employment generation and overall wealth creation.
Family dynamics is the lever which determines how a family business is run. In the recent past we have seen how families are unprepared to handle conflict. In order to tide over other challenges, conflict management strategy is a must. The PwC’s 2016 Family Business Survey reveals that only 15 % of the Indian family businesses had a robust, documented and communicated plan in place. This is an alarming number; and unless family businesses are able to administer processes to ensure business continuity and create succession plans around senior roles, key functions and important locations, the threat of disintegration will continue to mar its reputation.
Our Pravin Dalal Centre (now School) for Entrepreneurship and Family Business management, at NMIMS-SBM, being the pioneer and in the segment for more than a decade, understands the emerging needs of family run businesses in these challenging and turbulent times. We were also amongst the first few to understand that thinking and acting entrepreneurially is more than just an inclination. It can be taught. And we do it better than anyone else because we have a global outlook along with customized approach for catering to Indian family run businesses.
We believe that entrepreneurship can be a powerful force within organizations of all types and sizes, in established businesses as well as in new ventures. In any industry, in any position, it takes entrepreneurial thinking and relative action to solve problems and make an impact.
The School has a vision to be amongst the top 50 in the World at enabling the development of leadership skills, for sustainability and scalability of their respective family run businesses. Today in our collaborative community at NMIMS, students gain the fundamental business skills and specialized knowledge necessary to cultivate an entrepreneurial mind-set. They then use that mind-set to navigate real business situations, putting what they learn into practise and becoming leaders equipped to make a difference on campus, in their businesses and around the world.
The programs MBA E&FB (2 years’ full time) time since 1999, Integrated MBA E&FB (5 years post 12th) since 2015, ETW, and Weekend FMBA since 1999 at our School focus on technical and strategic competence, self-awareness and moral judgement. Our balanced curriculum keeping in mind the Indian family businesses, their values and professional challenges has been designed in such a way that it offers students a blend of skills and capabilities that are at the heart of management, along with their values and beliefs.
NMIMS Pravin Dalal School of Entrepreneurship and Family Business Management has continuously worked in fortifying the SME sector in India. Today we have over 4000 alumni who are names to reckon with in this sector. Many of them have started their own ventures and triumphed. It has been our endeavour to customise the latest in management studies for family businesses and make it relevant to the ever-changing demands of a fast-paced economy like ours. The School’s motto is to provide intellectual capital to those with easy sources of capital so that family business is professionalised and commands the due respect that it deserves.
The Intensive International exposure at the right time of their career while they are academically geared, helps them to build a global perspective and thereby lead their scalability strategies.
I am sure, the journey of students here at NMIMS will be an unparalleled experience of intensive learning which will lead to a record of outstanding accomplishments in all walks of their life along with providing a deeper perspective to the ideas and practice of management of respective Family run businesses and new ventures.
I wish to thank each and every “Entrepreneur” for believing in us and trusting us completely.
Seema Mahajan, Director
Pravin Dalal School of Entrepreneurship & Family Business Management