Family businesses aren't regularly in the news but they still are the major chunk of contributors to the GDP, in India and globally. A CII research shows that family businesses contributes 60-70 percent of GDP of most developed & developing countries. India is no exception and neither is the trend waning. "Since ISB was setup, we've been coming up with relevant courses that cater to the needs of the nation. Over the last few years, we've been observing this need for training leaders in family businesses," informs Deepak Chandra, deputy dean of Indian School of Business (ISB).
The ISB was established in 2001 with an aspiration to put India on the global map of management education. In 2008, the ISB became the youngest institution to be ranked among the Top 20, in the Global B-school Rankings by the Financial Times, London. In less than a decade since its inception, ISB has successfully pioneered several new trends in management education in India, and firmly established itself as a world-class management institution. And during our conversation with Deepak Chandra, he announced the launch of this new program- MFAB- Management Programme for Family Business.
MFAB has been designed to groom the younger generation of family-owned businesses for leadership. "A part time program stretched over 15 months, this program will give some very valuable insights to make these family businesses function better and last longer," informs Deepak. "It is a general trend that the family businesses start falling apart after the 3rd generation takes over. Via this course, we will try to curb this to an extent," he adds.
Classes will be conducted in modules of 7 days every 6th week and will have immersion in USA, China, Africa. The admissions for the programme will begin on January 01, 2013. For further information, click here