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Executive Education Program

IIM INDORE’s
Post Graduate Certificate Programme In Family Business Management & Entrepreneurship

New-age education for future leaders

Duration

12 Months

Eligibility

Minimum 2 Yrs+ Work Ex.

50% in UG/PG.

Fee

INR 4,50,000 + GST

payable in easy installments with the option of a loan available

Live Online Lectures

Every Wednesday, 7:00 to 8:15 PM & Saturday 2:30 to 5:15 PM IST

Mode of Instruction: English

The course starts soon. Enquire Now.

 

  • Ranked in FT 100 (Executive Education Rankings)
  • Get 9 Days at IIM Indore Campus
  • Become IIM-I Executive Education Alumni T&C Applicable
  • Learn from seasoned IIM faculty
  • Get Certificate of Completion from IIM Indore T&C Applicable

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    Programme Overview

    Are you an aspiring leader within a family business or an entrepreneurial-minded individual looking to create and develop new ventures? The Family Business Management Programme at IIM Indore is designed specifically for you. Our programme equips the next generation of family scions with the essential skills and competencies needed to thrive in today’s volatile, uncertain, complex, ambiguous, and disruptive business environment.

    Understanding Family Businesses

    Welcome to our Family Business Management Programme, where tradition meets innovation, and expertise blends with the entrepreneurial spirit. The programme empowers next-generation leaders and seasoned entrepreneurs alike with essential skills and strategies for thriving in the dynamic landscape of family-owned businesses. From governance to succession planning, our expert faculty offers tailored guidance for enduring success. Join us in redefining the future of family business management.

    Family businesses have a long-term vision and tend to perform better than corporate enterprises. However, only 13% of family businesses survive to the 3rd generation and one-third of families disintegrate due to generational conflict. Indian family businesses form the backbone of the Indian economy and there is a need to extend the lifespan of these businesses to ensure the economy continues to benefit from their contribution.

    Accelerates your business growth
    Helps develop entrepreneurial acumen
    Strategize better & lead effectively

    Programme Objective

    • To equip family business leaders with specific skills to capitalize on opportunities and overcome challenges.
    • To provide a comprehensive understanding of business operations and the latest management methodologies.
    • To enhance leadership skills to drive innovation within the family business.
    • To foster the creation of a business model that can endure for generations.

    What Does This Programme Cover?

    Module 01: Management practices for Entrepreneurs
    • Strategic Management Fundamentals
    • Microeconomics
    • Statistics
    • Corporate Governance
    • Global Strategy and Internationalisation
    • Financial Management
    • Fundamentals of Marketing Management
    • Fundamentals of Organizational Behaviour
    • Business Ethics
    • Macro Economics
    • Management Information Systems (MIS)
    • Legal Aspects of Family Businesses
    • Change Management and Succession Planning
    • Communication for Business Leaders
    Module 02: Business Landscape for Entrepreneurs
    • Corporate Strategy
    • Brand Management
    • Investment and Venture Financing
    • Leadership in Family Businesses
    • Human Resource Management (HRM) in Family Businesses
    • Operations Management (OM) in Family Businesses
    • Simulation
    • Innovation and Technology Management
    • Demand Forecasting and Sales Management
    • Digital and Social Media Marketing
    • Data Management and Analytics
    • Financial Analysis and Valuation
    Module 03: Entrepreneurial Success
    • Intellectual Property (IP) Management
    • Growth Strategy
    • Business Models
    • Negotiation
    • Consumer Insights Mining
    • Sales and Distribution Management
    • Digital Transformation
    • Risk Management and Financial Planning
    • Taxation
    • Government Schemes for Businesses
    • Supply Chain Management
    • Digital Platform and Data Monetization
    • Capstone
    Optional
    • International Immersion
    • Practical Information Sharing Sessions (on schemes)

    Programme Benefits

    • Elevate your expertise with a cutting-edge Family Business & Entrepreneurship programme from a top-tier IIM, renowned for its proven pedagogy.
    • Successful completion of the Programme bestows participants with the prestigious IIM Indore Executive Education Alumni status.
      *T&C Applicable
    • Tailored for entrepreneurs, the programme emphasizes real business use cases and is facilitated by domain experts for maximum impact.
    • Immerse yourself in 9 days of intensive learning at the scenic IIM Indore Campus, spread across 3 phases, each spanning 3 days, strategically designed for maximum retention and impact.
    • Experience hands-on learning with insightful use-cases and discussion – led sessions, culminating in a practical Capstone Project.
    • Gain actionable strategies in marketing, finance, and innovation through the latest theories and best practices.

    Faculty Coordinator

    Punyashlok Dwibedy

    Punyashlok Dwibedy has completed his Ph.D. from the Indian Institute of Management, Ahmedabad in Strategy. His thesis explores the factors impacting firms’ technological choices and how these choices affect firm performance. Prior to joining IIM Indore, he worked as an Assistant Professor at Ahmedabad University from August 2021 to May 2022. He has also worked as Manager-Corporate Business in HDFC ERGO General Insurance from 2014-2016 in Hyderabad.

    Punyashlok holds a bachelor’s degree in Electrical and Electronics Engineering from the Biju Patnaik University of Technology, Rourkela, and a Post Graduate Diploma in Management from IMT, Nagpur. He is a native of Odisha and has his parental home in Cuttack.

    His research interests include innovation and technological choices of firms, combination of innovation practices affecting firm performance, and entrepreneurship. His publications include “Informal competition and product innovation decisions of new ventures and incumbents across developing and transitioning countries”.

    His teaching interests include Technology and Firm Strategy, Strategic Management, Strategy and Innovation, and Entrepreneurship in Emerging Markets. He has co-authored a case on the acquisition of a foreign firm by an Indian family business, named, “Tega Industries: The South Africa Acquisition” published by the IIM Ahmedabad Case Centre and available on Harvard Business Cases Store. The case has been awarded the “Madan Mohanka Research on Internationalization of Business Award” for the year 2021 at IIM Ahmedabad.

    Learn at your own pace

    01

    You Invest

    INR 4,50,000 + GST

    02

    Pay in

    4 Easy Installments

    03

    Duration

    12 Months

    04

    Admission Closes on

    30th Sept 2025

    05

    Commencement

    4th October 2025

    06

    Convenient Timings

    Wednesday, 7:00 to 8:15 PM IST, Saturday 2:30 to 5:15 PM IST

    IIM Indore Advantage

    • The progress of participants will be continuously assessed through quizzes, assignments, tests, and examinations. Participants must achieve a minimum score/grade, determined by the Institute, to successfully complete the course.The participants who will complete the programme successfully will be eligible for the Certificate of Completion & Executive Education Alumni status of IIM Indore. They will be required to apply separately along with the necessary fee to register their name. Current alumni membership plans are as follows:
      • 2-year membership – INR 1000/- + applicable taxes,
      • Lifetime membership – INR 10,000/- + applicable taxesBenefits available to Executive Education Alumni:
      1) Communication of brochures and newsletters from IIM Indore
      2) Access to the IIM Indore Campus Library (onsite access only)
      3) Official email ID of the institute
      4) ID Card
      Mere successful completion of the programme, application submission, and fee does not entitle a participant to be eligible for executive education alumni status. IIM Indore reserves the right to confer or withhold executive education alumni status.IIM Indore reserves the right to modify the above conditions at its discretion at any time without notice.Only the courts at Indore, India will have the territorial jurisdiction to try any disputes arising in respect of the Executive Alumni membership being granted.

    FAQs

    Explain the pedagogy of this course?

    The programme emphasizes application and learning through case and discussion methods, encouraging participants to learn by actively engaging in assignments and projects. Simulations will play a crucial role in refining analytical skills, enabling participants to develop the ability to analyze problems from multifunctional perspectives. The culmination of the programme will be a Capstone Project, in which all the acquired knowledge will be applied to a real-life case scenario, integrating the various aspects of learning.

    Who will benefit from the programme?

    Professionals with more than 2 years of experience
    Aspiring entrepreneurs and business owners seeking to refine their skills and strategies in business management and innovation.
    Next-generation family business leaders aiming to navigate the unique challenges of family dynamics, succession planning, and sustainable growth.

    What is the attendance criteria?

    Participants are required to attend all sessions of a given course. In case of emergencies, participation in management festivals, co-curricular activities, and other valid reasons, participants may seek leave, which is subject to approval by the Programme Director. However, it’s important to note that a minimum attendance of 75% is mandatory for the final grading.

    Is there any fee that needs to be paid to register with IIM Indore executive education alumni?

    Participants who have successfully completed the programme need to apply separately to register their names with the IIM Indore Executive Education Alumni. This registration requires a fee of INR 1000 + applicable taxes for a 2-year membership and INR 10,000 + applicable taxes for a Lifetime membership.

    Please note that the one-time fee for the Executive Alumni Status, which is an add-on to the programme fee, is subject to revision based on the discretion of the IIM Indore management.

    Could you tell me more about the Executive Alumni Status at IIM Indore?

    Benefits available to Executive Education Alumni:

    Communication of brochures and newsletters from IIM Indore
    Access to the IIM Indore Campus Library (onsite access only)
    Official email ID of the institute
    ID Card
    Mere successful completion of the programme, application submission, and fee do not entitle a participant to be eligible for executive education alumni status. IIM Indore reserves the right to confer or withhold executive education alumni status.

    IIM Indore reserves the right to modify the above conditions at its discretion at any time without notice.

    Can I know the complete fee structure?

    Programme Fee and Campus Module Charges
    Committment

    At the time of acceptance of the offer Letter of admission
    INR 10,000 + GST

    Instalment 1
    Payable at the time of admission
    INR 1,10,000 + GST

    Instalment 2
    Payable within 3 months of admission
    INR 1,10,000 + GST

    Instalment 3
    Payable within 6 months of admission
    INR 1,10,000 + GST

    Instalment 4
    Payable within 9 months of admission
    INR 1,07,000 + GST

    Total Fees
    INR 4,50,000 + GST

    Still have questions?

    Consult our Academic Adviser

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