Management Programme for Family Business Announced

Professor Kavil Ramachandran, Dean Ajit Rangnekar, ISB Executive Board Members Adi Godrej and Sunil Kant Munjal, and Deputy Dean Deepak Chandra at the announcement.

Specially designed to groom the younger generation of family-owned businesses for leadership, the Indian School of Business (ISB) recently announced the launch of its new Management Programme for Family Business (MFAB). The programme was launched by prominent leaders of Indian family business groups, Adi Godrej and Sunil Kant Munjal in the presence of key members from the ISB, Dean Ajit Rangnekar, Deputy Dean Deepak Chandra  and Professor Kavil Ramachandran.

Through MFAB’s structured learning platform, young family business scions will learn to navigate and grow their businesses. The curriculum of MFAB has been designed according to the unique needs of this segment. It will focus on enhancing analytical and functional skills, strengthening strategy and leadership and finding solutions to unique family business-related challenges. The programme will help the business scions grow by providing them with modern management tools and helping them professionalise their businesses.

Elaborating on the need for this programme, Professor Kavil Ramachandran of ISB stressed, “Family-owned companies around the globe are currently facing unique challenges as they navigate a highly competitive business environment - developing their next generation leadership and managing succession, governance, generational struggles around business strategy and professionalisation. We believe that MFAB will play a crucial role in addressing these complex challenges.”

Spread over a span of fifteen months, MFAB will have the content and rigour of top global Masters in Management programmes, contextualised to the needs of family businesses. It will be delivered in modules of seven days, every sixth week at the ISB campuses in Hyderabad and Mohali. Participants can travel from any location due to the modular structure of the programme. The programme will provide an opportunity for international immersions in USA, Africa and China.

For more information on the programme, please visit http://www.isb.edu/mfab/