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PG Diploma Family Managed Business (1 Year)
| Academics | School of Business | PG Diploma Family Managed Business (1 Year)
Post Graduate Diploma In Family Managed Business (PGDFMB)
Post Graduate Diploma in Family Managed Business is specifically designed to advance awareness about the prospects, characteristics and future challenges to family businesses, although family businesses in India have distinction of having deep rooted cultural values, along with the Joint-family structure and strong inclination towards kinship and brotherhood, in present dynamics of business environment it very difficult to retain deep rooted cultural values along with the growth trajectories of business. This programme will enable family business owners to build on and leverage on the strengths of the family businesses and ponder through and develop suitable solutions to respond to the complexities and uncertainties in their existing businesses for sustainable and holistic growth, creation of wealth across generations and attracting and retaining right professional talent.
Programme is designed based on innovative pedagogy and latest researches on global family owned businesses. This course would enhance the knowledge for those who are involved in family business on broad areas of general management including succession and family dynamics to continuity planning and strategic performance.
Program Highlights
Program Highlights
- Program exclusively designed for 2nd, 3rd and 4th generations of family business owners and those who wish to pursue entrepreneurial career.
- Prepare the participant for a leadership role in his/her family business and be a positive influence.
- Sharpen the ability and skills to understand the intricacies desired to scale up the family businesses.
- Provide networking opportunities and mentoring services.
- Integral & transformational approach to managing family owned businesses.
Program Benefits
Program Benefits
- Provide knowledge, tools and skills required for managing a business.
- Provide strong technical, economic and financial understanding, especially in the field of international operations, information technology, business analytics, customer engagement, succession planning, tax and corporate governance.
- Develop skills in successfully initiating, expanding, diversifying and managing a business enterprise with focus on understanding real life business situations and business practices.
- Inculcate among students, entrepreneurial competencies including self-confidence, goal setting, planning, information seeking, problem solving and planned risk taking.
- Develop an ethical perspective among students regarding problems and challenges faced by family owned businesses
Eligibility
Eligibility
- Bachelor’s degree (10+2+3 or 10+2+4) from a recognized University / Institute in India or abroad, with a minimum of 50% marks.
- In case the Bachelor’s degree received from abroad, an equivalence certificate issued from Association of Indian University (AIU) must be attached with the application form.
- Student expecting their results by July 2019 may also apply for provisional admission subject to the fact that their aggregate score in Bachelor Degree Examination shall be a minimum of 50% marks.
Pedagogy
Pedagogy: Workshops, Seminars & Interactive Sessions
- Parent series- helping in sharing existing leadership styles which are not covered in any books and management strategies. Sharing family run businesses and issues of concerns also family culture and business culture existing.
- Guest – Speakers who are practicing and managing Family Business challenges.
- Government officials – who closely deal with the business ( excise , IT office etc).
- Facilitators: – Banking sector professional, CA’s, IT experts. This will provide the participants with greater visibility as a practicing professional and also provide for networking opportunities.
- In order to break the monotony of repeated teachers – sessions can be widely distributed amongst various in house and visiting faculties.
- Faculties from the University, successful family business houses and outside institutions will conduct various sessions of the programme.
Downloads
Get Introduced To The PGDFMB Class
Aviral intends to diversity his current business of Textile Manufacturing and Textile machine trading into the Pharmaceutical Industry. He is currently working as an
Intern in one such Pharmaceutical Industry and simultaneously also working on the project of his our unit which he intends to begin by 2018.
Family members Involved: Father & Son
Establishment since: 2004
Way Forward: Diversify
Mr. Aviral Chopra
Bachelors in Commerce
Age: 21
Business Industry: Textile
aviral.chopra.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Textile
aviral.chopra.pgdfmb17@aurouniversity.edu.in
Himalay is from science background. His family is involved in the real estate business since last 20 years by the name of JKB Developers and are involved in projects both
commercial and residential. Himalay is the 2nd Generation in the business.
Family members Involved: Father & Son
Establishment since: 1997
Way Forward: Expanding the existing business
Mr. Himalay Rana
Science Background
Age: 21
Business Industry: Real Estate
himalay.rana.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Real Estate
himalay.rana.pgdfmb17@aurouniversity.edu.in
Devisha’s family is in manufacturing of grey (raw fabric) material for the textile sector. She is the 2nd generation in the business. Currently, her father and brothers are involved
in the business.
Family members Involved: Father & Brothers
Establishment since: 1992
Way Forward: She would like to start a venture of her own
Ms. Devisha Patel
Bachelors in Management
Age: 21
Business Industry: Textile
devisha.patel.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Textile
devisha.patel.pgdfmb17@aurouniversity.edu.in
Priyal is from the family business background of Diamond Manufacturer's , Traders , Exporters and Importers. Priyal is the 2nd generation in the business.
Family members Involved: Father & Brothers
Establishment since: 1994
Way Forward: Diversify in Jewelry line of the business
Ms. Priyal Donda
Bachelors in Management
Age: 21
Business Industry: Diamond Industry
priyal.donda.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Diamond Industry
priyal.donda.pgdfmb17@aurouniversity.edu.in
Chaitanya has currently joined as the third generation of his Family Business which is in the Retail Industry. They deal in Home /Kitchen Appliances .
Family members Involved: Father & Uncles
Establishment since: 1983
Way Forward: Expanding the existing business
Mr. Chaitanya Shah
Bachelors in Management
Age: 21
Business Industry: Retail
chaitanya.shah.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Retail
chaitanya.shah.pgdfmb17@aurouniversity.edu.in
Pratik has a real estate family business. He is the 2nd generation in the family business. They are having projects both residential and commercial in nature.
Family members Involved: Father & Son
Establishment since: 2004
Way Forward: Expand the existing business
Mr. Pratik Nakrani
Bachelors in Management
Age: 21
Business Industry: Real Estate
pratik.nakrani.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Real Estate
pratik.nakrani.pgdfmb17@aurouniversity.edu.in
Rhydhey is the 2nd generation in his family business of Plastic Manufacturing. They primarily produce films from polyester chips. He is currently involved with the
understanding of the business.
Family members Involved: Father & Son
Establishment since: 2002
Way Forward: Work on the scalability
Mr. Rhydey Jariwala
Bachelors in Management
Age: 21
Business Industry: Packaging Industry
rhydey.jariwala.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Packaging Industry
rhydey.jariwala.pgdfmb17@aurouniversity.edu.in
Shyam is the 2nd generation of his family business of textiles. They have a processing house and trading firm of sarees and dress materials. Shyam has been involved in the
online selling for his trading house.
Family members Involved: Father & Son
Establishment since: 1993
Way Forward: Diversify the existing business
Mr. Shyam Rungta
Bachelors in Commerce
Age: 21
Business Industry: Textile Industry
shyam.rungta.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Textile Industry
shyam.rungta.pgdfmb17@aurouniversity.edu.in
Swapnil is the 2nd generation in the business. He is in the grey material ( raw fabric) manufacturing related to Knitted fabric. They also have a trading of dyed fabric and fancy
fabrics.
Family members Involved: Father & Son
Establishment since: 1996
Way Forward: Growth and Scalability of the existing business
Mr. Swapnil Goel
Bachelors in Management
Age: 21
Business Industry: Textile Industry
swapnil.goel.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Textile Industry
swapnil.goel.pgdfmb17@aurouniversity.edu.in
Tej Parekh has a 5 generation old Jewelry showroom and now he happens to be the 6th generation in the same business. It is a close family operated business. He also handles the social
media promotion of his brand.
Family members Involved: Father & Son & Mother
Establishment since: currently 6th generation
Way Forward: Growth and Scalability of the existing business
Mr. Tej Parekh
Bachelors in Engineering
Age: 20-21
Business Industry: Jewelry Business
tej.parekh.pgdfmb17@aurouniversity.edu.in
Age: 20-21
Business Industry: Jewelry Business
tej.parekh.pgdfmb17@aurouniversity.edu.in
Zalak is the 2nd generation in the family business and his is a real estate business dealing with the constructions of
Residential and commercial projects.
Family members Involved: Father & Son
Establishment since: 2003
Way Forward: Growth and Scalability of the existing business
Mr. Zalak Ponkia
Bachelors in Engineering
Age: 21
Business Industry: Real Estate
zalak.ponkia.pgdfmb17@aurouniversity.edu.in
Age: 21
Business Industry: Real Estate
zalak.ponkia.pgdfmb17@aurouniversity.edu.in