Managing Family Business for Sustained Success 
Last date for registration: 15 Feb, 2019
End Date : 28 Feb, 2019
Early Bird Discount Date : 04 Feb, 2019
Residential Early Bird Fee(excluding GST) : Rs. 79,200
Non-Residential Fee(excluding GST) : Rs. 80,000
Non-residential Early Bird Fee(excluding GST) : Rs. 72,000
Family businesses are ubiquitous and contribute significantly to the economy of most countries. Family businesses have unique strengths which if nurtured carefully, can be a source of wealth and satisfaction not only for the family but also for the society at large. Family businesses also face some unique challenges which require to be effectively addressed to ensure the longevity and success of the business across multiple generations. This program seeks to equip family business owners and managers to leverage the distinct strengths of their family business and develop appropriate solutions to the complex challenges facing their business, and set their business in the path of sustained success and creation of wealth across multiple generations.
The programme will cover the following topics:
- How do the dynamics of family and business domains interface with each other?
- How to align the goals and needs of the business and family and resolve conflicts?
- How to engineer the growth of the business while preserving the family influence?
- How to create appropriate mechanisms for family and corporate governance?
- How to plan and manage the succession process in the family business?
- Appreciation of the complexities of the interactions between business and family domains
- Ability to build effective strategies to sustain business growth and family wealth
- Skills to manage communications and conflicts within the family and business domains
- Best practices to manage key processes like governance and succession
- Members of the family who work together in the family business
- Members of the family with ownership interests or the extended family with executive role in the family business
Programme Fee and Payment
INR 88,000/- Residential and INR 80,000/- Non -Residential (+ Applicable GST) per person for participants from India and its equivalent in US Dollars for participants from other countries.
Early Bird Discount
Nominations received with payments on or before 04-Feb-19 will be entitled to an early bird Discount of 10%.
- Early Bird Fee (Residential) INR 79,200/-(+ Applicable GST)
- Early Bird Fee (Non-Residential) INR 72,000/-(+ Applicable GST)
Please Note
All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme. Kindly do not make your travel plans unless you receive the letter from IIMB.
A certificate of participation will be awarded to the participants by IIMB.
- The programme fee should be received by the Executive Education Office before the programme commencement date.
- In case of cancellations, the fee will be refunded only if a request is received at least 15 days prior to the start of the programme.
- If a nomination is not accepted, the fee will be refunded to the person/ organisation concerned.
Professor K Kumar is the Apeejay Surrendra Chair Professor of Family Business and Entrepreneurship at the N.S. Raghavan Center for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management Bangalore (IIMB). He joined IIMB after sixteen years of experience in the industry, having held positions as CEO, President and Management Consultant in reputed organizations. He served as the Chairperson of NSRCEL during 2008-2012 directing its research, teaching and training activities, besides running a business incubation center. Kumar was ICCR Chair Visiting Professor of Innovation and Entrepreneurship at the Athens University of Economics and Business and a Visiting Scholar at the University of Sydney. His research interests are in the areas of high growth entrepreneurship in emerging economies and family business management. He has taught family business management in many executive education programs, such as the Management Program for Entrepreneurs and Family Businesses (MPEFB) and Business Leadership Program for CREDAI at IIMB. Apart from publishing his research in academic journals including South Asian Journal of Management and Entrepreneurship Theory & Practice, he has also contributed columns to reputed business publications like The Wall Street Journal and The Entrepreneur. He continues to be actively involved with corporate organizations as an advisor, mentor and member of the Board.
Professor Ravi Sarathy Strategy & International Business, teaches at the D”Amore- McKim of Business at Northeastern University. He is a graduate of IIM Ahmedabad, with a M.S.,from Northeastern University, and a Ph.D. from the Univ. of Michigan. His recent publications on family business have appeared in Small Business Economics and in the Journal of Management Studies. He has taught executive education programs for companies such as EMC, Mathworks, BAE Systems, LG Electronics (S. Korea), and Masa Shipyards (Finland), and for the CREDAI program at IIM Bangalore. He is the co author of International Marketing (9th edition, North Coast Publishers, 2006), and has published in journals such as California Management Review, Journal of International Business Studies, Journal of Management Studies, Journal of Business Ethics, Long Range Planning, Business Horizons, International Trade Journal, International Executive, Transportation Journal, and the International Marketing Review. He was a Fulbright scholar, as the FULBRIGHT-Flad Chair in Strategic Management at the Technical University of Lisbon. He has been a Visiting Professor at the University of Michigan, at HEC, Jouy-en-Josas, Paris, France, at Bocconi University in Milan, Italy, at the Australian Graduate School of Management- AGSM, in Sydney, and at IIM Bangalore. His current research focuses on family business and entrepreneurship in India, and the rise of women entrepreneurs.