Eligibility
Duration
Fee
Live Online Lectures
Programme Overview
Are you an aspiring leader within a family business or an entrepreneurial-minded individual looking to create and develop new ventures? The Family Business Management Programme at IIM Indore is designed specifically for you. Our programme equips the next generation of family scions with the essential skills and competencies needed to thrive in today's volatile, uncertain, complex, ambiguous, and disruptive business environment.
Accelerates your business growth
Helps develop entrepreneurial acumen
Strategize better & lead effectively
Understanding Family Businesses
Welcome to our Family Business Management Programme, where tradition meets innovation, and expertise blends with the entrepreneurial spirit. The programme empowers next-generation leaders and seasoned entrepreneurs alike with essential skills and strategies for thriving in the dynamic landscape of family-owned businesses. From governance to succession planning, our expert faculty offers tailored guidance for enduring success. Join us in redefining the future of family business management.
Family businesses have a long-term vision and tend to perform better than corporate enterprises. However, only 13% of family businesses survive to the 3rd generation and one-third of families disintegrate due to generational conflict. Indian family businesses form the backbone of the Indian economy and there is a need to extend the lifespan of these businesses to ensure the economy continues to benefit from their contribution.
Programme Objective
- To equip family business leaders with specific skills to capitalize on opportunities and overcome challenges.
- To provide a comprehensive understanding of business operations and the latest management methodologies.
- To enhance leadership skills to drive innovation within the family business.
- To foster the creation of a business model that can endure for generations.
What Does This Programme Cover ?
Module 1 - Management practices for Entrepreneurs
- Getting to know your Business
- Entrepreneurial Economics
- Basic analytics for business decisions
- Cultivating Strategic Thinking
- Managing Accounts & Commercial Functions
- Entrepreneurial Marketing
- Perspectives on managing and leading
- Art and craft of communication
- Entrepreneurial Operations Management
- Digitization of Business
Module 2 - Business Landscape for Entrepreneurs
- Legal aspects of business
- Business Regulatory framework
- Financial Management
- Business macro environment
- Entrepreneurial Corporate Strategy
- Demand forecasting and sales management
- Supply chain management
- Emerging technology and its business impact
- Negotiation and conflict resolution
- Digital platforms and data monetization
- Teams and Transformation
Module 3 - Entrepreneurial Success
- Building and growing Family businesses
- Execution and its challenges
- Governance structure in family business
- Succession planning in family business
- People management in family business
- New Age Sales & Distribution Management
- New Age Product and Operations Management
- Driving Change Management in Family Businesses
- Organization structure and design
- Managing business and family brand
- Business and Society
- Creating Business Models, Value Proposition, Use of Canvases
Simulations
- Online simulations spread across the programme duration
Campus modules
- Three campus modules, spread across the programme duration
Capstone projects
- Broadly, the themes will be “apply performance gap” and “opportunity gap"
Why should you invest in this programme?
Elevate your expertise with a cutting-edge Family Business & Entrepreneurship programme from a top-tier IIM, renowned for its proven pedagogy.
Successful completion of the Programme bestows
participants with the prestigious IIM Indore Executive
Education Alumni status.
*T&C Applicable
Tailored for entrepreneurs, the programme emphasizes real business use cases and is facilitated by domain experts for maximum impact.
Immerse yourself in 9 days of intensive learning at the scenic IIM Indore Campus, spread across 3 phases, each spanning 3 days, strategically designed for maximum retention and impact.
Experience hands-on learning with insightful use-cases and discussion - led sessions, culminating in a practical Capstone Project.
Gain actionable strategies in marketing, finance, and innovation through the latest theories and best practices.
IIM Indore Advantage
- IIM Indore is among the top 5 IIMs in the country and among the top 100 MBA schools globally
- Among 1% of MBA schools globally to be bestowed with the prestigious ‘triple crown’ by global MBA institute accreditation bodies
- Ranked 3rd among IIMs for both Open and Customized Executive Education Programmes in the FT Executive Education Rankings 2024.
Meet the Programme Director
Punyashlok Dwibedy has completed his Ph.D. from the Indian Institute of Management, Ahmedabad in Strategy. His thesis explores the factors impacting firms’ technological choices and how these choices affect firm performance. Prior to joining IIM Indore, he worked as an Assistant Professor at Ahmedabad University from August 2021 to May 2022. He has also worked as Manager-Corporate Business in HDFC ERGO General Insurance from 2014-2016 in Hyderabad.
Punyashlok holds a bachelor’s degree in Electrical and Electronics Engineering from the Biju Patnaik University of Technology, Rourkela, and a Post Graduate Diploma in Management from IMT, Nagpur. He is a native of Odisha and has his parental home in Cuttack.
His research interests include innovation and technological choices of firms, combination of innovation practices affecting firm performance, and entrepreneurship. His publications include “Informal competition and product innovation decisions of new ventures and incumbents across developing and transitioning countries”.
His teaching interests include Technology and Firm Strategy, Strategic Management, Strategy and Innovation, and Entrepreneurship in Emerging Markets. He has co-authored a case on the acquisition of a foreign firm by an Indian family business, named, “Tega Industries: The South Africa Acquisition” published by the IIM Ahmedabad Case Centre and available on Harvard Business Cases Store. The case has been awarded the “Madan Mohanka Research on Internationalization of Business Award” for the year 2021 at IIM Ahmedabad.
Punyashlok Dwibedy
Programme Director
Learn at your own pace
Saturday 2:30 to 5:15 PM IST
Frequently Asked Questions (FAQs)
Explain the pedagogy of this course.
The programme emphasizes application and learning through case and discussion methods, encouraging participants to learn by actively engaging in assignments and projects. Simulations will play a crucial role in refining analytical skills, enabling participants to develop the ability to analyze problems from multifunctional perspectives. The culmination of the programme will be a Capstone Project, in which all the acquired knowledge will be applied to a real-life case scenario, integrating the various aspects of learning.
Who will benefit from the programme?
- Professionals with more than 2 years of experience
- Aspiring entrepreneurs and business owners seeking to refine their skills and strategies in business management and innovation.
- Next-generation family business leaders aiming to navigate the unique challenges of family dynamics, succession planning, and sustainable growth.
What is the attendance criteria?
Participants are required to attend all sessions of a given course. In case of emergencies, participation in management festivals, co-curricular activities, and other valid reasons, participants may seek leave, which is subject to approval by the Programme Director. However, it's important to note that a minimum attendance of 75% is mandatory for the final grading.
Is there any fee that needs to be paid to register with IIM Indore executive education alumni?
Participants who have successfully completed the programme need to apply separately to register their names with the IIM Indore Executive Education Alumni. This registration requires a fee of INR 1000 + applicable taxes for a 2-year membership and INR 10,000 + applicable taxes for a Lifetime membership.
Please note that the one-time fee for the Executive Alumni Status, which is an add-on to the programme fee, is subject to revision based on the discretion of the IIM Indore management.
Could you tell me more about the Executive Alumni Status at IIM Indore?
Benefits available to Executive Education Alumni:
- Communication of brochures and newsletters from IIM Indore
- Access to the IIM Indore Campus Library (onsite access only)
- Official email ID of the institute
- ID Card
Mere successful completion of the programme, application submission, and fee do not entitle a participant to be eligible for executive education alumni status. IIM Indore reserves the right to confer or withhold executive education alumni status.
IIM Indore reserves the right to modify the above conditions at its discretion at any time without notice.
Can I know the complete fee structure?
| Fees Towards | Deadline | Amount |
|---|---|---|
| Commitment fee |
At the time of acceptance of the offer Letter of admission |
Rs. 10,000 |
| Programme Fee (1st Installment) |
Payable at the time of admission (excluding GST) |
Rs. 1,10,000 |
| Programme Fee (2nd Installment) |
Payable within 3 months of admission (excluding GST) |
Rs. 1,10,000 |
| Programme Fee (3rd Installment) |
Payable within 6 months of admission (excluding GST) |
Rs. 1,10,000 |
| Programme Fee (4th Installment) |
Payable within 9 months of admission (excluding GST) |
Rs. 1,07,000 |
|
Total Fee (Exclusive of Application Fee & GST) |
Rs. 4,47,000 |
The course starts soon. Enquire Now.
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