ISB launches management programme for next generation leaders of family businesses

NEW DELHI: The Indian School of Business ( ISB) has launched a new, 16 month programme for the next generation leaders of family businesses.The programme is called Management Programme for Family Business (MFAB).

The programme was launched by prominent leaders of Indian family business groups like Adi Godrej, and Sunil Kant Munjal in New Delhi today.

MFAB has been especially designed to groom the younger generation of family owned businesses for leadership, ISB said in a statement.

"We believe there exists a huge need for a top notch global programme for grooming the future leaders of family owned businesses," Ajit Rangnekar, dean, ISB said in a statement. "MFAB aims to fill this gap by providing a structured learning platform that will help young family business scions navigate and grow their businesses in a hyper competitive and globalised business environment," he added.

MFAB's curriculum will focus on enhancing analytical and functional skills, strengthen strategy and leadership as well as bring to the fore solutions unique to family business related challenges.

Admissions for the programme will commence from January 1 next year. Eligible candidates are required to have a bachelors degree or an equivalent qualification and a prior work experience of four years. Applicants will be required to appear for the Business Aptitude Test (BAT) and a personal interview.