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nmims.edu ProfessionalizingFamily Businesses & Gearing Up the Start-ups PROGRAM BROCHURE Know us more familybusiness.nmims.edu WELCOME TO NMIMS In 1981, Shri Vile Parle Kelavani Mandal (SVKM) established Narsee Monjee Institute of Management Studies (NMIMS) to meet the growing demand for management education. In 2003, NMIMS was declared a deemed to be university under Section 3 of the UGC Act 1956. The vision of NMIMS is to be a globally admired university by 2030. The Mission of NMIMS is to emerge as a centre of excellence, best-in-class in India and Asia, and striving towards being the best in the world by 2030
With a legacy of 38 years, NMIMS has grown to become one of the top-10 B-schools in India and has emerged as a multi-disciplinary, multi-campus university, with campuses at Mumbai, Navi Mumbai, Indore, Shirpur, Dhule, Bengaluru, Hyderabad and Chandigarh and fourteen constituent schools that include Management, Family Business, Engineering, Pharmacy, Architecture, Commerce, Economics, Law, Science, Liberal Arts, Design, Performing Arts, Mathematical Science and Distance Learning. In addition, the university has nine Centres of Excellence. The consistent academic quality, research focus, faculty from top national and global institutes and strong industry linkages have placed NMIMS amongst the nation's prime centres of educational excellence and research. Today, more than 15,000 students and about 700 full-time faculty members are a part of the university
INDEX Accreditations 02 Welcome to PDSE & FB 03 Our Success Story 04 Why PDSE and FB? 05 Infrastructure 06 Teaching and Learning 07 Student Activities at PDSE & FB 09 Alumni: Your Global Network 11 Programs Oﬀered 13 Beyond Classrooms 141 ACCREDITATIONS AICTE Approved Programs AACSB - International Accreditation (Mumbai Campus) NAAC Accreditation NAAC with 3.59 CGPA (on 4-point scale) Category 1 University by MHRD / UGC – Graded and Grade A+ for the 3rd time (Mumbai Campus) Autonomy Regulations 2018 AMBA - International Accreditation SAQS - International Accreditation - (School of (Bengaluru and Hyderabad Campus) Business Management (SBM) Mumbai Campus)2 WELCOME TO PDSE & FB Welcome to Pravin Dalal School of Entrepreneurship & Family Business Management NMIMS PRAVIN DALAL SCHOOL OF ENTREPRENEURSHIP & FAMILY BUSINESS MANAGEMENT (PDSE & FB) is a pioneer in Family Business Management education in India. Established in the year 1999 as a special initiative of the School of Business Management (SBM) NMIMS-Mumbai, the school boasts of an alumni base of over 4,000, comprising of many leading family businesses
India has one of the highest number of family-owned businesses in the world that contribute signiﬁcantly to the growth cycle of this country. However, scalability and keeping pace with disruptive technologies and markets remain a constant challenge coupled with a smooth succession in leadership. This has underpinned the value of niche knowledge, skills and understanding of international practices required to operate, expand and transform business in today’s times
The school oﬀers education in Entrepreneurship and Family Business (E & FB) Management through its undergraduate program; Integrated-MBA (E & FB) since 2015, Post-graduate program; MBA (E & FB) and a weekend FMBA program since 1999
Our reputation lies in our ability to bring entrepreneur’s perspective to business management education. Furthermore, we develop critical skills and sensitivity required to take family businesses forward. The school nurtures future leadership through its pioneering ecosystem of well-respected faculty, futuristic curriculum, subject matter expert talks, peer group learning, personal development workshops, intensive international exposure and social connect programs - a comprehensive bouquet of in-class and beyond classroom pedagogy. The school, through its current students and strong alumni, oﬀers an opportunity for a large personal and professional network for future business possibilities
Our mission is to continue providing intellectual capital to family businesses to propel innovative and socially responsible leadership. We sincerely wish to play a bigger role in shaping leadership in family businesses of India
Seema Mahajan Director3 OUR SUCCESS STORY Top 3 21 years Ranked 3rd in Family Business Strong legacy in and Entrepreneurship pioneering family-run Education in India business programs Top 100 4000+ Ranked among top 100 Strong Network of alumni ‘Best Entrepreneurship’ Masters Program world wide - Eduniversal Rankings Top 10 The Power of Many Ranked among top 10 Only Program mentioned in the McKinsey Best Business Schools by Report -’Realizing the socio economic potential of ‘Entrepreneur B-School entrepreneurs in the 21st century’ released Survey 2017’ at the G-20 Young Entrepreneurs Summit in Paris YEARS OF EXCELLENCE MBA Weekend Integrated MBA (Entrepreneurship Family Managed (Entrepreneurship & Family Business Business Administration & Family Business Management) Program Management) Since 1999 Since 1999 Since 20154 WHY PDSE & FB? OUR DIFFERENTIATORS STRONG LEGACY DELIVERING VALUE IN EXPERIENCED ACADEMIA EDUCATION A legacy of 38 years in setting Experienced and dynamic high educational standards for 21 years of experience in faculty coming from diverse AACSB Accredited programs understanding and imparting backgrounds with wide niche knowledge of Indian industry-academia exposure family businesses and entrepreneurship and guiding start-up and scaling challenges MASSIVE NETWORKING EMBRACING BEST TURNING IDEAS INTO POSSIBILITES PRACTICES ACTION We oﬀer opportunity to We develop understanding of Our mixed pedagogy network with our strong world-class business practices stimulates critical thinking alumni base of 4000+ family through domestic and through lectures, case businesses international visits analysis, business plan development, design thinking and peer group learning projects INDUSTRY CONNECT PEOPLE SKILLS GLOBAL CHALLENGES Regular interactive sessions Outbound training sessions to Sensitizing future business with guest speakers in foster skill-building and leaders on global leadership positions in team dynamics in aspiring environmental and social industry and professional leaders challenges through annual practitioners from various social-connect projects ﬁelds UNDERSTANDING SHAPING LEADERSHIP: ENRICHED PEDAGOGY BUSINESS: THE GLOCAL FORMS & FORMAT WAY PDSE & FB oﬀers business We have management development knowledge with niche Student exchange programs & programs and certiﬁcate modules on International linkages with programs to address key contemporary advancements over 30 institutions to challenges of family business in business world in understand the global and and entrepreneurship collaboration with worlds’ local language of business best consultancies5 INFRASTRUCTURE • State-of-the-art Campus • Access to Corporate Databases like • Well-equipped Classrooms CMIE, Capital Markets, ISI Emerging • Bloomberg Terminal Markets • Dedicated Digital Library • Institutional Membership with BCL (British Council Library), BMA • E-resources of 125000+ eBooks, 31000+ (Bombay Management Association), E-Journals, Audio-Visuals, CDs, VCDs, MANLIBNET (Management Library Annual Reports, Newsletters, etc
Network), and Indian Institute of • 100+ National and International Technology (IIT) Bombay
Periodicals • Reading Hall • Cafeteria6 TEACHING AND LEARNING STUDY SOCIAL ABROAD CONNECT IN-CLASSROOM START-UP LECTURES MENTORING PRE-STUDY INDEPENDENT SESSION RESEARCH & MATERIALS DOMESTIC PEER GROUP & INTERNATIONAL LEARNING PROJECTS INDUSTRIAL & SUPERVISION VISITS EMINENT LEARN FROM CORPORATE YOUR PARENTS LEADERS-GUEST PARENT SERIES & LECTURES IN- BUSINESS PROJECTS PDSE & FB Academic Challenges PDSE & FB’s academic challenges lie in imparting in-depth business knowledge with niche understanding of family-run businesses. We create and disseminate knowledge around family businesses that are yet to scale and transform. The transition from traditional to contemporary way of doing business lies in 360-degree approach in resolving challenges and limitations faced by these businesses. The challenges revolve around interconnected issues and face ‘where to start from’ dilemma
7 Core challenges & our academic interventions Business Roadmap Understanding future of business through product & market mapping and impact of changes in techno-social environment Scaling Business Understanding why scaling is indispensable and how to go about it for business sustainability Succession Planning Addressing the need for formal succession planning and why contingency planning is important Attracting and Retaining Talent Investing in human resource and addressing ‘train to skill or to switch’ issues Cultural Understanding Drawing on interdisciplinary strengths to develop understanding of cultural issues in family businesses and resolving people’s problem Decision Making, Delegation and Family Conﬂict Evolving system driven businesses rather than the ‘family in business’ approach Financial Accountability Practicing treatment of accounts and taxes for aiming long-term growth Transformative Technology Translating insights into improved or new products and processes8 STUDENT ACTIVITIES AT PDSE & FB Publication – Anthologists Anthologists, a publication series by the students of Pravin Dalal School of Entrepreneurship and Family Business aims to promote learning through debates and discussions with industry experts, brainstorming and creating business case studies and research papers
Annual Event: Inspirus Inspirus is the ﬂagship annual business event of Pravin Dalal School of Entrepreneurship & Family Business Management, NMIMS
The theme based event is attended by dignitaries from across industries
9 Bombay Business Conclave (BBC) BBC, with an array of managerial and cultural activities, is a student driven event that provides a platform for students to fraternize and express their hobbies and passions
Pioneer Garage It's a unique student driven activity and inspires new Ideas, concept notes, business plans. Nearly 13% new business initiatives come out of ‘Pioneer Garage’. The sessions are facilitated by the Director and subject matter experts from related Industries
10 ALUMNI: YOUR GLOBAL NETWORK Jeet Thacker Class of 2015-17 “I can say that this course gave us the third eye to see how world is moving and where we can position ourselves. The exposure was not limited to the boundaries of our country but was global to help us realize how the world is running businesses”
Mayank Jain Class of 2012 “MBA E & FB is the most strategically designed course. Nowhere else will a 25 year old get the opportunity to sit, converse & interact with 100+ business leaders”
Juhi Nagpal Class of 2007-09 “As founder and director, I manage to put together grand ﬂea markets every season. Undaunted by challenges, I am truly an Alumni of NMIMS”
Surbhi Jain Class of 2017 “My journey at NMIMS helped me grow my conﬁdence, self-esteem and will power
I always had a creative side but NMIMS gave me the platform to showcase it”
Hyderabad and Chandigarh and fourteen constituent schools that include Management, Family Business, Engineering, Pharmacy, Architecture, Commerce, Economics, Law, Science, Liberal …
Sometimes professionalization does occur when a non-family manager has been chosen to lead the business. During these transitions, family members might stay in other management positions or sometimes all family employees depart. But changing to non-family management is only one possible element of professionalizing a family business.
Yet in many cases, that approach to professionalization destroys what made the family business special in the first place. Many founders also fear, justifiably, that they will lose control of a business that is an integral part of their identity.
This scenario typically occurs in companies whose founding family steps away from the business before its values have been embedded in the professionalized organization. For an example of how a family business can make choices that allow it to retain its distinctiveness, consider this company in the rental car business.
The family must decide how it will be governed and how it will manage its relationship with the business. Some families undertake a comprehensive family governance exercise, while others seek to address only the core issues—that is, the family’s role in the business and how it will make decisions related to the business.