25 Apr How DSGS Ensures A Smooth Transformation In Family Businesses
A family-managed business is essentially owned and operated by two or more members of a single-family. Here, members may be related by blood, marriage or adoption. Decisions of strategic importance in a FMB are taken by family members/family patriarch, and typically, multiple generations of the same family are involved in the business senior management as well as executive roles may be occupied by family members and may be passed on from one generation to the next. Family-managed businesses comprise 70% of the total Indian industries and contribute to 79% of the national GDP.
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.