10 May DO ORGANIZATIONS PLAN THEIR FUTURE?
Have you ever thought what your resume or LINKEDIN profile looks like 20 years down the line? If your answer is YES to this question, congratulations to you… you seem to have a VISION for yourself.
Do organizations think and plan what they would look like 20, 30, 40, 50 years down the line? Yes. Organizations also plan for their future in order to sustain their business operations.
All of us have heard the word “strategy” and have been using this word freely in our day to day conversations. In a broad sense, when we use the word Strategy, we convey that we plan to do something in a particular way. Students plan for their career and future.
Similarly, Organizations also have a strategy in place. Strategy is broadly defined as a plan of action to achieve long term as well as short term goals. While doing so, organizations optimally deploy the resources available with them in order to implement this plan of action. Organizations consider the internal and external environments in which they operate while developing the strategic plan.
It is now clear that strategy is all about long term goals of the company. The first step in developing a strategy is to formulate the VISION, MISSION and VALUES of the organization. In simple words, VISION is what your organization would look like say 20 years from now. MISSION is the road map how you would reach where you intend to reach. VALUES are the beliefs of the organization and how people in the organization are expected to behave while accomplishing their MISSION.
Interested to know more? You can learn how organizations make their strategies and implement them in the course titled, “Corporate Strategy” in your MBA program in Durgadevi Saraf Global Business School.
Durgadevi Saraf Global Business School (DSGS) offers a Family Managed Business (FMB) program, which is an innovative 11-month Post Graduate course in Family Business Management. This course is designed to equip family business owners and leaders with the knowledge and skills they can use to address the challenges specific to their family businesses.
This program is specifically designed to advance awareness about the prospects, characteristics and future challenges to family businesses. Although family businesses in India have the distinction of having deep-rooted cultural values, along with the Joint-family structure and strong inclination towards kinship and brotherhood, in the present dynamics of the business environment it is 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.
DSGS Family Managed Business course imparts a balanced mix of conceptual frameworks to meet family and society’s needs to help you develop new approaches to decision-making and gain valuable insights. This helps maintain resources, define new business initiatives, manage internal conflicts, nurture effective business and family relationships and develop long-term customers and maintain ownership control.
The objective of the program is to assist family-owned businesses in understanding the changing dynamics of competition as well as organization, brought about by liberalization, privatization and globalization. Aimed at entrepreneurs, young equip family business owners, members of family-owned businesses and managers of entrepreneurial and family-owned businesses, the programme aims to benefit those who want to grow their business.
The course delivers competency-based training targeted at graduates who intend to manage business units of family businesses. The central theme of the program is to prepare the participant for a leadership role in his/her family business and to be a positive influence in the family’s business organisation.
The pedagogy followed would be participative and interactive lectures, case studies, group exercises, guest lectures etc. This course will schedule separate batches online and offline as well. Industrial visits may be organized at additional cost subject to a minimum number of students opting for the same but at the sole discretion of DSGS.
The FMB program at DSGS will help increase the productivity of existing business operations without additional financial investment. This will help achieve inclusive growth by unleashing the hidden potential of your business by understanding finance, policy frameworks, retaining the right talent and more. In addition to all this, DSGS offers an inaugural discount of 45% on admissions for this course.
Durgadevi Saraf Global Business School (DSGS) comes under the Rajasthani Sammelan Education Trust (RSET) which has done remarkable service in the field of education in Mumbai. DSGS has been formed with the ambitious objectives of growing professional expertise and skilled manpower in all the major functional areas of management. With this legacy of imparting profound knowledge and top-class education, DSGS continues to grow.
Make a strong network for lifelong knowledge by having access to a flourishing network and highly regarded faculty. Join DSGS, pursue our FMB course and ensure a smooth transformation of your family business.