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Indian Institute of Management Indore

Family Business Management

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Description

In a business environment characterized by intense competition and complex dynamics, family-owned companies face unique challenges. During this program, you’ll learn how to leverage the strengths of family business management and successfully implement practices that drive high performance, shareholder loyalty—and healthy family relationships.

Objectives

This programme would be useful to the executives who run their family business or work within the framework of family business. It would aim at

  • Bringing in the subtleties of Indian family business
  • Discussing building blocks & challenges of family business
  • Enabling participants to professionalize family businesses for sustenance and growth

Content

  • Dynamics of the Family Business System
  • Integrating the strengths of families and businesses and developing constructive family work relationships and shareholder relationships
  • Managing conflicts and effective communication in Family Business
  • Growing, Preserving, and Sharing the Wealth
  • Governance and board dynamics
  • Developing the next generation as effective managers, shareholders, and family members
  • Managing ownership and leadership transitions
  • Preparing the organization for future changes in management and ownership
  • Managing Finance
  • APPLY ONLINE

Who should attend

The program is designed to enable the owners of business and second-generation entrepreneurs who are interested to expand their business into new avenues.

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