What is MFAB?
ISB’s Management Programme for Family Business (MFAB) is a comprehensive general management programme. The programme is designed for young business leaders of family businesses who intend to manage their business and for individuals who aspire to work in family business.
The programme format allows participants to continue to contribute to the success of their business. The course content will be contextualized to the needs of family business. It helps participants understand their business better, prepares them to sustain it through phases of transition and to grow it in an environment of increased competition.
The programme draws from best management practices in family business from across the globe and aims to groom business scions in areas like planning, objective setting and astute management of their family’s business. While each family’s situation is unique, there are many best practices which can be applied to all family businesses
Who is it for?
A Programme for Young Leaders in Family Business.
The Management Programme for Family Business (MFAB) is a unique programme that focuses on the next generation of business scions.
It is designed to provide future leaders of family businesses world-class management education and international immersion, with special emphasis on learning to manage challenges relevant to family businesses.
Like other world-class management programmes at the ISB, this programme gives you diverse learning opportunities through interactions with global faculty, international exposure, industry interventions, experiential learning and more.
The programme format does not disrupt the professional commitments of the participants, who contribute to the success of their business.
MFAB aims to help family-run businesses realise their true potential by developing a leadership pipeline that is capable of running the business in a professional and efficient manner, comparable with the best-managed companies of the world.
This premium programme delivers absolute value to the participants by virtue of the ISB’s focus and quality in everything it does. The quality of faculty, programme design, curriculum, pedagogy, excellent peer group and convenience provides the right learning platform for business scions to use this knowledge and leverage for the growth of their business.
The aims of the programme are to equip these young business scions to:
- Appreciate the value of family business
- Help the family business to maintain the current success
- Help realise the growth aspirations of the business by proving modern management tools
- Aid in furthering the professionalisation
The expertise of the ISB in the area of family business management, its world-class faculty and its focus on delivering quality, forms the ideal foundation for the School to launch a programme to meet the needs of successful family businesses.
Since its inception in 2001, the ISB has been at the forefront of research and education in the area of family business. Luminaries like Professor John Ward have consistently visited the ISB to teach in this area. Professor Kavil Ramachandran from ISB has been actively involved in research, knowledge creation, consulting and education in this domain and is recognized as a renowned subject matter expert.
The ISB conducts various conferences, outreach programmes and workshops focusing on family business. The Asian Invitational Conference on Family Business is held annually and is a great platform for sharing experiences and exchange insights on topics related to family business.
The alumni network is an important channel for graduates of the ISB to retain and expand their social and business networks
The alumni association has seven chapters within the country, in Delhi, Kolkata, Hyderabad, Bangalore, Pune, Chennai and Mumbai and four outside the country. These associations organise meets at regular intervals. The alumni association proves to be a repository of industry knowledge, and contacts that can benefit you lifelong.
Excel in Family Business
The importance of the family managed business is reinforced and a deeper appreciation of the current success and progress made by family businesses is highlighted to the participants. Importantly, it provides support and opportunities for not only the participant students but also for the senior members of the family management to learn and understand each other to enable the continued success and to reduce conflicts in the family managed business.
Make better Business Decisions
Family business poses extraordinary opportunities and powerful pressures at the same time. Business leaders confront variety of challenges ranging from attracting talent to unlocking business value. The programme helps understand these issues, create opportunities and overcome risks while making key business decisions.
Build Business Leadership Skills
The focus on quality learning during the programme equips the participants with latest management methodologies, tools and techniques so that they can complement and enhance the management and decision making in the family business setting. It enhances the leadership skills of the participants so that they can play active roles in fueling the growth and in professionalising their business.
Exposure to Global Best-Practices in Family Business
Family-owned businesses face unique issues in areas of succession planning, relationship management as well as issues that emerge around shareholder control, compensation structures, and processes for strategic decision-making.