More B-schools line up special courses for business scions
Even SP Jain plans to introduce a global exchange component in its two-year FMB programme.
By Sreeradha D Basu, TNN |
KOLKATA: The SP Jain Institute of Management & Research (SP Jain, Mumbai) pioneered the concept in India about eight years ago followed by the Narsee Monjee Institute of Management and Higher Studies (NMIMS). But now, with an increasing number of family-owned businesses in India choosing to train their next generation through Family Managed Business (FMB) programmes, these courses are fast gaining popularity.
Already, top-line B-schools like Management Development Institute (MDI, Gurgaon) and TA Pai Management Institute (TAPMI, Manipal) are gearing up to offer these courses while the Welingkar Institute of Management started its programme a few months ago. Institutes like the Indian School of Business (ISB, Hyderabad), which currently offers it as an elective, also have plans to siphon it off as a separate programme in the future.
Even SP Jain plans to introduce a global exchange component in its two-year FMB programme.
Almost all institutes attribute the sudden surge in demand for FMB courses to a variety of factors. These include exposure of the younger generation to formal management education, understanding the changing dynamics of competition brought about by globalisation and inculcating entrepreneurial competencies and the ability to face challenges while taking the family business forward.
Interestingly enough, quite a few of these FMB courses are being targeted particularly at the SME sector. Prof D Nagabrahmam, director, TAPMI, told ET the institute plans to start flexible FMB programmes for the many small and medium-scale industries in and around the area.
V Patel, associate dean, (finance), and head, FMB programme at Welingkar also said they were looking at the SME sector in a big way, since it was contributing considerably to the boom in the Indian economy.
MDI, on its part, will be offering a two-year Programme For Family-Owned Business Houses, starting next year, which will have students spending about nine months abroad. “The Robert H Smith School of Business at the University of Maryland will be one of our partners and we are in talks with the Babson College, America besides other European institutes,” said Pritam Singh, director MDI.
“We are working on a global exchange programme for which we are in talks with some leading B-Schools abroad,” said Prof Advani, chairperson, centre for FMB, SP Jain. S Mahajan, chairperson, FMB, at NMIMS also said they had a tie-up with the Athens University in Greece as part of the FMB course’s global exchange programme. Welingkar too, has tie-ups with universities and corporations in Japan and Kenya.
In the global context, prominent foreign institutes like Kellogg’s, Wharton and Harvard have for long offered its students the opportunity to study these family-managed businesses.
Already, top-line B-schools like Management Development Institute (MDI, Gurgaon) and TA Pai Management Institute (TAPMI, Manipal) are gearing up to offer these courses while the Welingkar Institute of Management started its programme a few months ago. Institutes like the Indian School of Business (ISB, Hyderabad), which currently offers it as an elective, also have plans to siphon it off as a separate programme in the future.
Even SP Jain plans to introduce a global exchange component in its two-year FMB programme.
Almost all institutes attribute the sudden surge in demand for FMB courses to a variety of factors. These include exposure of the younger generation to formal management education, understanding the changing dynamics of competition brought about by globalisation and inculcating entrepreneurial competencies and the ability to face challenges while taking the family business forward.
Interestingly enough, quite a few of these FMB courses are being targeted particularly at the SME sector. Prof D Nagabrahmam, director, TAPMI, told ET the institute plans to start flexible FMB programmes for the many small and medium-scale industries in and around the area.
V Patel, associate dean, (finance), and head, FMB programme at Welingkar also said they were looking at the SME sector in a big way, since it was contributing considerably to the boom in the Indian economy.
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MDI, on its part, will be offering a two-year Programme For Family-Owned Business Houses, starting next year, which will have students spending about nine months abroad. “The Robert H Smith School of Business at the University of Maryland will be one of our partners and we are in talks with the Babson College, America besides other European institutes,” said Pritam Singh, director MDI.
“We are working on a global exchange programme for which we are in talks with some leading B-Schools abroad,” said Prof Advani, chairperson, centre for FMB, SP Jain. S Mahajan, chairperson, FMB, at NMIMS also said they had a tie-up with the Athens University in Greece as part of the FMB course’s global exchange programme. Welingkar too, has tie-ups with universities and corporations in Japan and Kenya.
In the global context, prominent foreign institutes like Kellogg’s, Wharton and Harvard have for long offered its students the opportunity to study these family-managed businesses.
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