Institute: Narsee Monjee
Course: Post Graduate Diploma in Business Management (Family Business)
Location: Mumbai, Maharashtra
Eligibility: A recognized graduate degree, good communication skills, an involvement in running a family business and a commitment to self improvement
Duration: Two years
The course, initiated in 1999, aims at developing skills to successfully initiate, expand, diversify and manage a business enterprise with focus on understanding real life business situations and practices. The course will inculcate among students, entrepreneurial competencies including goal setting, planning, information seeking, problem solving and planned risk taking. Providing intensive personal counseling, the course aims to develop a successful business executive of tomorrow.
The course is structured in a way so as to enable students to explore a career in owning their own business and becoming their own boss within a context of experiential learning opportunities. Students further identify the skills and educational requirements necessary to become a successful entrepreneur and business owner.
Institute: Indian School of Business (ISB)
Course: Post Graduate Program (PGP) in Management
Eligibility: Graduate with work experience
Duration: One year, full-time
If you’re already in the SME sector, you could explore the focused entrepreneurship programs at ISB’s Wadhwani Centre for Entrepreneurship Development (WCED). Log on to www.isb.edu/entrepreneurship to know more.
Ranked by the Financial Times as one of the Top 20 B-Schools in the world, ISB is among the rare institutes to offer a compulsory course in entrepreneurship in its management program, PGP in Management. As this comprehensive course is condensed into a single year, it proves to be a cost-effective route to pick up globally relevant entrepreneurial and management skills. A range of electives on entrepreneurship are offered, so you can select the ones best aligned to what you want to achieve as an entrepreneur.
Students are trained in all things entrepreneurial, right from identifying business opportunities and preparing realistic business plans to working out the techno-commercial details of launching an enterprise. Also of benefit to budding entrepreneurs is the incubation center: knowledge hub. An exciting draw to the course is its exchange program with 33 world’s top business schools. Excellent infrastructure topped with tie-ups with renowned international business schools, including the London Business School, Kellogg School of Business and the Wharton School, contribute to its world-class learning environment.
Institute: NSR CEL, IIM -Bangalore
Course: Management Program for Entrepreneurs and Family Businesses (MPEFP)
Eligibility: Graduate with professional experience
Duration: One year
The N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL)—part of the Indian Institute of Management-Bangalore (IIMB)—offers a focused training program for entrepreneurs and family business owners by way of the MPEFP. The institute’s founder, N.S. Raghavan, is the former Joint Managing Director of Infosys. This year-long program has been designed to equip you with the management skills required to start and run your own business.
One of the stand-out features of this program is its smart mix of web-based e-learning (including online discussions and webinars) and frequent contact classes in the classroom. In this way, you can work around your time-constraints while planning your study, as there is a significant amount of self-study involved, and still benefit from interacting with professors and fellow students. NSRCEL also boasts of a fully-equipped incubation center to nurture and support newly launched enterprises.
Institute: Prin. L. N. Welingkar Institute of Management Development & Research
Course: PGDM Family Managed Business
Location: Mumbai, Maharashtra
Eligibility: Graduates from a recognized university, with minimum 50% marks and two years of work experience in their respective family business, after graduation.
Duration: Two years
The program trains members of business families who are eager to acquire management skills while contributing to their business. It explores businesses, personal and family issues confronting such businesses and the managerial, strategic and behavioral complexities in such firms. By using forms of experiential learning and international exposure, the participants will learn how to leverage on their strengths and manage the challenges of family managed businesses. The course is ideally suited for those whose family owns a business or participants who may work with these businesses as a non-family manager, consultant, investment banker, private banker or in other roles and participants who are first generation entrepreneurs who plan to begin the business with members of their family.