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?75% of employment of Indians is in family businesses?

The recently launched management programme for family business by the Indian School of Business, Hyderabad, is designed to groom the younger generation of family-owned businesses for leadership.

The recently launched management programme for family business (MFAB) by the Indian School of Business (ISB), Hyderabad, is designed to groom the younger generation of family-owned businesses for leadership. Deepak Chandra, deputy dean, ISB, talks to FE?s Diana Ningthoujam about the relevance of this programme in a country like India where ?70% of market capitalisation on BSE is attributed to family businesses?. Excerpts:

What are the factors that were kept in mind while developing the MFAB programme?

Family businesses contribute significantly to Indian economy. 70% of market capitalisation on BSE is attributed to family businesses. 75% of the employment of Indian citizens is in family-managed enterprises. However, the survival rate further down the generation is not encouraging. ISB is committed to nurturing and preserving the family businesses. Professor Kavil Ramachandran and others at ISB have been doing research that is relevant to family businesses. To further our objective of contributing to the success of family businesses, we launched MFAB.

How popular is such a programme in India?

There are few business schools in India that offer management programmes specifically focused on family businesses. Globally, leading business schools offer family business programmes as part of the executive education offerings.

What will the MFAB programme focus on?

In addition to teaching core management principles, the curriculum will focus on effective ways of addressing unique challenges faced by family business such as perpetuating the business, succession planning, professionalisation of the business, capital raising and family entrepreneurship and understanding family business dynamics.

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First published on: 24-12-2012 at 02:32 IST
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