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IIM Indore – Post Graduate Certificate Programme In Family Business Management & Entrepreneurship

(PGFBME) - Batch 02

The Post Graduate Certificate Programme in Family Business Management & Entrepreneurship is designed to equip individuals with the knowledge and skills necessary to effectively manage and grow family-owned businesses. The programme focuses on critical areas such as succession planning, business strategy, financial management, and leadership, while also addressing the unique challenges faced by family enterprises. It fosters entrepreneurial thinking, enabling participants to identify new business opportunities and drive innovation within their firms. The curriculum blends theoretical concepts with practical insights to help participants strengthen their family business's long-term sustainability and growth.

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Programme Highlights

Duration

12 months

Eligibility

Minimum 2 Yrs+ Work Ex.
& 50% marks in UG/PG

Live Online

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

Campus Immersion

9 Days at IIM Indore Campus

Certificate

Get Certificate of Completion from IIM Indore

Fees

INR 4,50,000 + GST
payable in easy installments

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.

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

Course Curriculum

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.

Eligibility Criteria

Participants will be selected on the basis of their overall profile and eligibility criteria stated as a pre-requisite for the programme.

Select applicants may be interviewed by Programme Directors, if required

The Institute has laid down an attendance criterion to be followed by participants attending the programme.

A minimum of 75 % overall attendance is required by the participant in order to complete the programme.

Participants will not be awarded any certificate if they do not maintain the requisite attendance (75%). In this case the status of the participant will be “incomplete”.

Important Dates

15-Apr-25 Application Closure Date (last phase)
01-Jun-25 Programme Commencement

Who Should Apply

  • 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.

Pedagogy

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.

How to Apply

Step 1Register for the Programme

Step 2Pay the Application Fee

Step 3Login to the Portal and complete your documentation

Step 4Institute will respond to the Application

Step 5Post the Offer Letter – Complete your 1st instalment and commence your batch

Payment of Fees

Fees

Application Fee INR 3000 + GST
Commitment Fee* INR 10,000 + GST
Programme Fee INR 4,50,000 + GST

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

Please note:

Additional GST (currently at 18%) will be applicable on all above amounts. Any additional payment due to change in any of the applicable govt. taxes during the tenure of the programme will have to be borne by the participants.

All fees (including application fee) are non-refundable.

Payment of all fees should be made in favour of Unified Collaboration Services LLP. VCNow is a brand owned by Unified Collaboration Services LLP

Loan Assistance

Loans from financial institutions are available for pursuing this programme. If you need assistance with availing a loan, connect with Programme Advisors on (+91) 8929010853 (9 am to 9 pm).

Methodology, Evaluation and Certification

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 taxes

Benefits 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.

About Institute

  • IIM Indore is among the top 5 IIMs in the country and among the top 100 MBA schools globally
  • Among 1% of MBA schools globally to be bestowed with the prestigious ‘triple crown’ from AMBA (UK), AACSB (USA), and EQUIS (European Union).
  • Ranked 3rd among IIMs for both Open and Customised Executive Education Programmes in the FT Executive Education Rankings 2024.

Programme Director

Prof. Punyashlok Dwibedy Programme Director
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.

About the Program

VCNow, a flagship initiative by Unified Collaboration Services LLP, is dedicated to delivering high-quality executive education through strategic partnerships with top business schools such as IIMA, IIMC, IIML, IIMI, IIMN, SPJIMR, XLRI, and more. Our mission is to equip executives with the advanced knowledge and skills needed to excel in today’s dynamic business environment.
Our programmes encompass a wide range of technical and management domains, tailored to meet professional development goals. Delivered by esteemed faculty, our courses blend academic rigor with practical insights.

Key Highlights:
20000+ Executives Empowered
30 centres across India
Partners To Top B-Schools Nationwide
15 Years of Excellence

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?

  1. Professionals with more than 2 years of experience
  2. Aspiring entrepreneurs and business owners seeking to refine their skills and strategies in business management and innovation.
  3. 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:

  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 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.