Learning Model

Post Graduate Programme in Management for Family Business

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Program Overview

The PGP MFAB programme has a modular format that allows the participants to continue working in their business while pursuing the course. The programme is designed and taught from an owner's perspective.

Participants gain immediate results as they get the opportunity to apply concepts they have learned, in their business. Participants can also build their personal and professional connections through the vast ISB network

Learning Goals

Leadership Skills

To be aware of what it takes to exercise effective leadership at senior levels position, through key initiatives, effective execution, influencing, inspiring, empowering people and managing change.

Critical and Integrative Thinking

Demonstrate an ability to identify the central problem/issue, despite limited or overwhelming information, draw and assess recommendations using a perspective that integrates both functional (i.e. business functions) and relevant external information, and deploy them effectively to solve business problems.

Global Awareness

To understand the nature of global issues impacting business, including competition, policies, politics, culture, customers, and have the ability to manage them effectively.

Ethical Responsibility

Have the ability to make responsible decisions through enhanced sensitivity to various stakeholders, communities, and the environment that are affected by management decisions.

Pedagogy

Online Preparatory Courses

Participants will undergo five online analytical foundation courses. The courses are sourced from Harvard School Publishing and participants will have to spend approximately 120-150 hours to prepare before the classes commence.

Pre-Course Readings

Pre-course reading material will be uploaded to the “Learning Management System (LMS)”. Participants will have to read this and come prepared for the classroom sessions.

Speaker Series

Speaker series or visits may be organised during the course. These interactions complement classroom learning and bring in practical perspectives to management theories. The School also hosts a number of annual conferences and seminars with distinguished business leaders and entrepreneurs as guest speakers.

Simulations

Simulations are usually software programmes which mimic real-life business situations. The participants, working in teams or alone, are asked to take decisions under conditions specified by the simulation software. These simulations help participants apply theoretical concepts to aid decision making.

Assessments

Several modes of assessment will be used for the programme to assess the performance and learning by students. At the end of each course, an examination may be conducted to assess the learning of the participant. In order to successfully complete the programme, the participant must obtain an overall passing grade.

Curriculum

Courses List

Management, Family and the Board - Managing Paradoxes

Professionalization of Family Business

Corporate Governance and Business Law

Government, Society and Business

Management of Organizations

Communication and Negotiation

Accounting Information and Analysis

Corporate financial statements are arguably the most important source of information about a firm’s financial performance and position to investors and other external stakeholders. These financial statements must comply with the generally accepted accounting principles (GAAP) formulated by regulatory bodies. Developing an understanding and appreciation of the financial accounting rules and techniques that form the basis of the financial statements is crucial for successfully managing a business enterprise. Accounting is often called the “language” of business. As such, a sound understanding of financial accounting is the starting point for gaining business and financial literacy.

In this introductory course, we will cover the basic vocabulary and mechanics of financial accounting. This course will focus on understanding the identification, measurement, recording, and summarization of business transactions for financial statement purposes. The course will also demonstrate how managers can use financial statement information to understand and improve business performance. Emphasis will be placed on how managers and external users can deploy accounting data to evaluate a firm’s financial performance and financial position.

Economics for Small and Medium Enterprises

The course introduces you to the economist's way of thinking about problems and making decisions for small and medium enterprises. The objective is to teach you the process of critical and integrative thinking. A central component of economics methodology involves running controlled thought experiments called models. These are toy versions of real situations in which the less critical aspects of the problem are stripped away to focus on understanding the primary issue under consideration. Beyond appreciating this technique, learning economics necessarily entails engagement and arguments with the logic.

Financial Capital Management

Financial Capital Management is a core course in the ISB PGP MFAB Program that addresses financial decisions relevant to managers of family-owned businesses. The first half of the course develops the basic tools of financial management while the second half applies them to real-world applications. Focus will be on the analytic tools and methods of modern finance rather than institutional issues.

Marketing Management

Data-Driven Marketing Insights

Business Strategy

Operations Management

Human Capital Management

Logistics and Supply Chain Management

Entrepreneurship nd Growth Strategies for the Digital Economy

Sales Management

Financing Entrepreneurial Ventures

Excellence in Governance and Leading of Family Business

Building a Lasting Family Business - Global Best Practices

Leading the Next Generation of Family Businesses

Organizational Growth Strategies

Managing Growth - I

Managing Growth - II

Programme Calendar

The Programme duration is around 15 months. Classes are held for one week every 6th week

The location of the participant is not a constraint as the unique modular schedule of the programme allows participants based anywhere in the world to travel to Hyderabad or Mohali to attend the programme.

Both the ISB campuses serve as an ideal location for this unique programme since they are well connected to various cities in India and other parts of the world.

To download the PGP MFAB Programme Calendar

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International Immersion

PGP MFAB has 2 terms of international Immersion.

First international immersion is at the world-renowned Kellogg School of Management in the Evanston (Chicago) campus where students will study the following courses:

Excellence in Governing & Leading the Family Business
Global Best Practice: Family Business Application

The second international immersion will be a top-ranked European business school

These immersions would involve one or more of various interventions like:

Cultural Visits
On-campus Classroom Teaching
Industry Visits
Top Management Interaction

_{The cost of international immersion (travel, visa, incidentals, tourism etc.) will be additional and is not included in the tuition fee.}

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