In 4 easy steps, let’s understand
how NMIMS ensures a smooth transformation
in family businesses
Step 1: Offers a different
Family-managed businesses should have appropriate skills and deeper insights of corporate strategies for achieving better results along with the desired quality and speed. Most of the family-run businesses face unique challenges and to tide over such transformation with ease, it’s imperative to seek a professional approach that provides a modern dimension.
Step 2: Gives solution based on years of priceless experience
For family businesses to ensure a constant growth rate and a systematic work ethos they need to adopt a model of change; something that is professionally taught in an institution of eminence like Pravin Dalal School of Entrepreneurship & Family Business Management which was established in 2006.
Pravin Dalal School is an initiative of ‘The School of Business Management’ (SBM) of NMIMS Deemed-to-be-University which offers the best management education in the country to the individuals who want to make the key transition in their careers with a wide range of management skills and leadership qualities.
Step 3: Outlines a program that’s suitably designed for family businesses
Weekend Family Managed Business Administration Program (FMBA)
The unique tailor-made ‘Weekend, 1 Year Management Program (FMBA) is for owner-entrepreneurs and their family members who would like to equip themselves with the knowledge of modern management concepts and practices. This knowledge will enable them to meet the new-age challenges and seize emerging business opportunities.
Also, the weekend structure of the program ideally suits those who are already involved in running their family businesses. The FMBA Program trains the students to act as a major force of change in their family businesses to set new benchmarks of excellence.
Apart from this, Pravin Dalal School also offers multiple programs, stated below, to nurture future leaders 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) – After graduation
Integrated MBA (Entrepreneurship and Family Business) – After 10+2
MBA (Entrepreneurship & Family Business) – After graduation
Step 4: Crafts the program’s structure to evoke excellence
Lectures & presentations by experienced faculty supported by handouts and assignments
Presentations by guest speakers apart from a host of special seminars, outbound training, factory visits, etc.
Assignments in core management subjects as a learning exercise
Compulsory detailed project on one’s own business with a SWOT analysis
Helps students to prepare a comprehensive document on the various facets of their family business
Presentation of projects by students in the class thereby offering a great learning opportunity
With the legacy of 40 years, NMIMS Deemed to be University has grown to being not only one of the top-10 B-schools in India but also emerged as a multi-disciplinary, multi-campus University at Mumbai, Navi Mumbai, Indore, Shirpur, Dhule, Bengaluru, Hyderabad and Chandigarh and seventeen constituent schools that include Management, Family Business, Engineering, Pharmacy, Architecture, Commerce, Economics, Law, Science, Liberal Arts, Design, Performing Arts, Mathematical Science, Agricultural Science, Hospitality Management, Branding & Advertising and Distance Learning. In addition, NMIMS have ten Centres of Excellence as well at the University.
A concluding note: The journey of students at Pravin Dalal School will be an unparalleled experience of intensive learning and will provide a deeper perspective meant to transform family-run businesses holistically.