Programme Learning Objectives
Why PGP-FMB Programme?
Entrepreneurship & Innovation in Family Managed Business play a crucial role in the economy of a country. According to Ernst &Young, India, it is estimated that globally, family businesses contribute around 70%–90% of the global GDP, as also in India.
Family Managed Businesses (FMBs) account for more than 85% of businesses in India. Additionally, 67% of total listed companies with market capitalization exceeding more than US$50 million each account for family businesses in India. Apart from conglomerates like Reliance and Godrej, a lot of retail trade, small scale industry, and service sector are run by family businesses.
Post Graduate Programme in Entrepreneurship & Innovation in Family Managed Business (PGP-FMB) is offered by MKES Institute of Management Studies and Research (MKES-IMSR) to give a boost to entrepreneurship ventures and to expand and modernize the family businesses to make them much more successful and professional growth-oriented businesses.
‘Make in India’; ‘Start-Up India’ ; ‘Atmanirbhar Bharat’ could be a great success, if more and more graduates after completing their PGP-FMB embrace Entrepreneurship projects and endeavour to boost the FMBs instead of continuing to run their businesses the same ways as earlier.
In the rapidly altering business environments and economies, the next generation of FMBs want to tackle the uncertainty and volatility of business world effectively. To cater to the needs of this group, (MKES-IMSR) has specifically designed this course (PGP-FMB) to help meet the needs of next generation of Family Managed Businesses.
Scope And Who Should Apply:
PGP-FMB is a specific Programme designed for:
- Next generation family business owners/successors
- Startup founders
- Aspiring entrepreneurs
- Experienced intrapreneurs and other practitioners in FMBs who aspire to assist the FMB owner with a more professional orientation.