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The Thomas Schmidheiny Centre for Family Enterprise (ThS_CFE) at ISB, generously funded with support from Thomas Schmidheiny, Founder and Chairman of Spectrum Value Management, Ltd, Switzerland, was launched on February 7, 2015. The Centre combines knowledge, practice and innovation in the field of family business to foster the prosperity and perpetuation of family businesses across generations. The Centre engages closely with leading family businesses in India and Asia, through collaborations, conferences, workshops and forums. These engagements have helped the Centre contribute significantly to the growing body of research on various aspects of family business and emerge as the face of family business scholarship in India.
Research - Generating Knowledge that Creates Impact
The Thomas Schmidheiny Centre for Family Enterprise at the ISB conducts and promotes cutting-edge research in the growing field of family business. Despite their significant contribution to the Indian economy, family businesses remain a largely unexplored area of research.
Founded by Professor Kavil Ramachandran in 2015 and presently led by Professor Sougata Ray, the Thomas Schmidheiny Centre for Family Enterprise is supported by a dedicated and experienced team of research and managerial staff who contribute to the research projects, teaching, mentoring and various outreach initiatives. The Centre is also affiliated with faculty and research fellows that contribute to the teaching and research activities at the Centre respectively.
The Centre undertakes several outreach initiatives that aim at enabling family businesses in India/Asia and other parts of the world to provide thought leadership and develop best practices for sharing among all stakeholders.
Education - A Platform for Learning and Enrichment
Transformation of family businesses require focused training inputs. To prepare and train family members associated with their businesses, operationally or otherwise to take up higher levels of responsibilities, the Centre offers an array of training programmes on different aspects of family business. The Centre is also supporting ISB in the initiative to run a unique masters level programme MFAB for young family members who wish to enter the family business in the future. In addition, students enrolled in the Post Graduate Programme in Management of the ISB gain extensive theoretical and practical knowledge about family firms from the course, “Strategy, Leadership and Resource Management in Family Business.”
The Centre disseminates knowledge in the field of family business management through articles in business and popular media vehicles across the world. Several of the articles authored by members of our team have been published in leading publications. The Centre also regularly provides expert comments in media stories and articles on family business. Annually, the Centre also contributes to knowledge dissemination through practice-oriented family business research article summaries in FFI Practitioner – an online newsletter published by the Family Firm Institute, Boston, USA.
The Centre has expanded its impact through establishing a network of academic, industry and institutional linkages in India and abroad through several personal and institutional networks. In academics and research the Centre has built a strong network with faculty members from the Kellogg School of Management, University of Victoria, Ipag Business School, and University of Vermont. The Centre is an institutional member of the Successful Transgenerational Entrepreneurship Practices (STEP) – a global applied research initiative of top B-Schools across the world. The Centre also has strong institutional connect with industry bodies such as CII and FICCI.
The entrepreneur's playbook
Professor Sougata Ray shared his thoughts at the BT Mindrush 2023 event. He said that the alignment of essential factors, such as timing, team and execution, idea, business model and funding, help a new venture succeed.
May 29, 2023
How Nita Ambani is changing public perception of Ambani empire
Professor Sougata Ray shared his thoughts in a story that talked about how Nita Ambani is changing public perception of the Ambani empire.
May 14, 2023
ESG and stakeholder capitalism: Seeking value for all
Moksh Garg , Nupur Pavan Bang and Professor Sougata Ray in an article highlighted that the Environmental, Social and Governance (ESG) rating can help measure value creation for shareholders and stakeholders; however, it faces significant roadblocks that impair its overall uptake and effectiveness.