Family Business Management (FBM)

Keeping the unique requirements of family business management, JAIN (Deemed-to-be University) CMS Business School, one of the top MBA Colleges in Bangalore, proposes to offer a two-year MBA programme in Family Business Management for next-gen family business leaders to carry forward the legacies and vision set by their founding forefathers with renewed vigour in the new milieu. The programme is ideal for the next aspiring leaders of Indian family-run businesses from across industries, looking for higher growth, innovation, and professional approach. The programme aspires to change the business outlook and mindset of young family business scions in the most positive and constructive ways.

Programme Objectives:

• A thorough understanding of the Indian business world and its unique customs, combined with a willingness to adjust to changes in the industry and adopt emerging technologies.
• Developing a clear and determined purpose for oneself, the family, and the business, while emphasizing governance as a key factor in achieving long-term success and growth.
• Formulate extensive business strategies that incorporate financial well-being, strategic adjustments in line with future developments, and establishment of robust teams and efficient management procedures.
• Intentional succession planning, promoting ongoing innovation, and nurturing trust and a shared vision among stakeholders in family business to guarantee long-term success across generations.

Ecosystem Enablers for Experiential Learning

The nurturing ecosystem and learning environment at the B-School will enable family business participants to improve business operations, and wealth management along with healthier family relationships. The course structure and parallel inputs are designed to ensure the growth of the next generation as effective owners, business managers and family members. Unlike the conventional one-way learning inputs, there will be multiple interaction points and knowledge transfer conduits which will ensure a diversity of perspectives to expand the learning possibilities and truly transformative experiences. Networking, bonding and getting to know people from diverse backgrounds add to the rich ecosystem in which the participants are expected to operate.

The teaching-learning processes will be facilitated by various knowledge  hubs and conduits to ensure experiential learning:

• Family Business Commune
• Pool of Mentors
• Domain Experts
• Faculty Facilitation
• Industry Immersion
• International Connect
• Family Enterprises Research Hub
• Peer-to-Peer Exchanges

Participants will hone their business and leadership skills through industry immersions, expert mentorship, research centre inputs, interactions with peers from other business families, solving real-world cases and enriching experiences through a completely experiential teaching-learning process guided by experienced faculty.

Other interesting pedagogical approaches:

Hands-On Activities - role-playing activities, drawing family trees, ownership and family structures.

Application of theoretical frameworks to decode the family business structures and governance in simplified ways.

Peer Learning - Create family business profiles/cases of peers and exchange details about each other’s business practices, best practices problems etc to learn from each other

Students’ Logbooks/ journals - develop logs/journals on specific topics like lessons from discussed cases, best practices from peers, expert inputs, research reports, research project findings etc.  

Self-driven projects - Participants will be encouraged to plan and execute independent projects either on their own business, their peers’ businesses or any other from the industry which they would like to study. They will be guided to explore the study objectives, diagnose the problems, collect data and do analysis, recommend solutions, track the implementations/progress etc with the help of faculty and mentors.

Curriculum Structure