IIM Calcutta Post Graduate Certificate Programme in Family Business Management - Batch 06

In the current dynamic Indian business scene, family-run enterprises face unprecedented challenges. This programme is designed to equip owners and top management of these family businesses with the tools to embrace professional management practices, seize growth opportunities, and formulate strategic plans for business expansion.

Programme Start Date: 1th      December, 2024
Certificate from IIM Calcutta
Direct-to-device

Class Timings: Sunday: 03:30 p.m. – 06:30 p.m.

Overview

In today's Indian business landscape, the pace of change has accelerated, demanding newfound agility from family-managed enterprises. Adapting to professional management practices is no longer optional but essential for survival in this dynamic environment. Recognising this imperative, IIM Calcutta's Post Graduate Certificate in Family Business Management (Batch 06) aims to equip owners and top management of family businesses in India with the necessary knowledge and skills... Read More

Content

The IIM Calcutta Family Business Management programme curriculum comprises of the following modules:

Professionalising Management of finances and family wealthy

  • Financial reporting & analysis concepts
  • Cost Management concepts
  • Management Control systems

Professionalising People Management

  • Understanding Self
  • Leadership
  • Handling Conflicts
  • Negotiation Skills

Professionalising Management of Customers

  • Fundamentals of brand building
  • Active management of distribution channels: Modern practices
  • Digital and Social Media Marketing

Professionalising Management of Operations

  • Lean Management
  • TQM, JIT
  • Service Operations
  • Supply Chain Management
  • Understanding the geopolitics of the India Opportunity Expanding the worldview: Geopolitics and businesses
  • Understanding Managerial Economics and Macroeconomic environment
  • Sustainable Business Environment: Challenges and Prospects
  • Evolution, growth and inter-generational dynamics of family and business
  • Corporate Governance and Business Ethics
  • Family and other stakeholders in a business
  • Driving value, managing conflicts, and Succession planning
  • Capital budgeting, Cost of Capital, Optimal Capital Structure
  • Payout Policy, Fund-raising and business growth
  • PE/VC, valuation and sustainable business
  • Investment, Financial Planning & Wealth Management
  • Venture capital and the evolving startup ecosystem
  • Basics of strategic thinking
  • Deciphering competitive advantage
  • Forging and executing cooperative strategies
  • Strategies for small firms and early stage start-ups
  • BChallenges Entrepreneurs Face and Addressing those Challenges
  • Developing a global mindset
  • Internationalisation of Business: Taking your business global
  • Intrapreneurship and Corporate Strategy
  • Design thinking for charting new growth paths
  • Managing through technological, social and political transitions
  • Developing a Global Mindset
  • Internationalisation of Business: Taking your Business Global
  • Building Skills for Global Business

Highlights

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Contextually designed 12-month programme for family business owners

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Helps adapt professional ways of strategising, managing, and growing business

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Two campus immersion modules of 5 days each

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Focus on real business use cases

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IIM Calcutta Executive Education Alumni status

Details

Pedagogy

The teaching approach will be highly interactive and deploy diverse pedagogical tools and techniques including lectures, case studies, live corporate examples, and interactive discussions.

Learning Outcomes

  • After completing this programme, the participants will be able to:
  • Develop an understanding of the role of an entrepreneur/innovator
  • Appreciate the functional aspects of their business
  • Develop a strategy to take their business ahead of the competition
  • Understand how to take their business global

Programme Delivery

Sessions will be conducted via a state-of-the-art Interactive Learning (IL) platform and delivered in Direct-to-Device (D2D) mode that can be accessed by learners on their Desktop, Laptop, Tablet, or Smartphone. Participants will be provided reading materials, etc., for each course. They may also interact with the concerned faculty through e-mails/chat mode. Medium of instruction for the programme is English.

Campus Immersion

  • There will be two campus immersions of five days each at IIM Calcutta, which will be scheduled towards the middle or end of the programme. One visit will be scheduled about a month after programme start and one visit towards the end of the programme. It is mandatory for participants to attend the campus visit for successful completion of the programme.
  • The campus visits will be conducted subject to the evolving pandemic situation and will depend on government and institute regulations, advisories, and guidelines related to the pandemic. In case the campus module is not confirmed due to any reason, the same will be included in the total number of online sessions.

Who Should Attend?

  • The owners/scions of family-managed businesses
  • Senior Managers who report to the owners of the family-managed businesses

Eligibility Criteria

  • Bachelor’s degree (10+2+3 or 10+2+4) or equivalent; or two-year Master’s degree or its equivalent from institutions or universities recognised by UGC/AICTE/AIU/DEB
  • Must be an owner/scion of the family-managed business
  • Member of the top management who reports to the owner of the family-managed business. Also, he/she needs to have minimum 10 years of work experience*
  • Final selection will be done by IIM Calcutta

*Internships and trainee experiences will not be considered as full-time work experience.

Admission Criteria

The selection will be based on a candidate’s overall profile evaluation, educational qualification, allied experience, and Statement of Purpose, subject to meeting eligibility criteria.

Programme Director

Dr. Happy Paul

Prof. Saha teaches courses like Strategic Management, International Management, Managing Innovation, Corporate Social Irresponsibility, and Strategy as Practice: The Social and Political in Strategy Work, at IIM Calcutta. With a B.Tech in Mechanical Engineering from IIT Kharagpur and a Ph.D. from IIM Calcutta, he has been involved in academics since 2001 – at VGSoM, IIT Kharagpur, XLRI Jamshedpur, and then at IIM Calcutta.



He has numerous publications in Indian and international journals and has won several awards in international case competitions like the Best Case Award in 'Dark Side Case Competition', Critical Management Studies Division, Academy of Management Meeting, 2016, for his case study, 'Compromised Livelihoods in Vapi: What Needs to Be Cleaned Up in the Armpit of India?' and Second Best Case in CEEMAN Emerald Case Competition 2016, for 'Mio Amore: Surviving a Brand-name Change in a Transition Economy'. Further, his research interests lie in post-colonial management studies, critical management studies, strategy practice, digital economy, and complexity.
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Prof. Biswatosh Saha

Professor - Strategic Management IIM Calcutta

Certificate and Assessment

  • Continuous evaluation components consists of class participation, case discussions, assignments, quiz, project presentations and final examination.
  • Examination/evaluation shall be conducted by IIM Calcutta. Examinations shall be conducted with the support of TEEL. Evaluation will be held for individual modules, but not for modules that are held on campus.
  • Participants will be given any one of the following grades: “Excellent”; “Good”; “Fair”; or “Poor.” The cut-off marks for the grades will be revealed but not the actual marks obtained.
  • Giving feedback is an integral part of the completion requirements of the programme.

Attendance Criteria

  • A minimum of 75% attendance is a prerequisite for the successful completion of the programme.
  • Participants with less than 75% attendance will not be permitted to appear for the exams.

Certification

  • Candidates who meet the minimum attendance criteria and do not receive 'Poor' grades in more than two courses will receive a 'Certificate of Completion' and the course-wise grades obtained will be mentioned in the certificate.
  • Candidates who meet the minimum attendance criteria but receive 'Poor' grades in more than two courses will receive a 'Certificate of Participation'. In such cases, the grade will not be mentioned in the certificate.
  • Successful participants will also be accorded IIM Calcutta Executive Education Alumni status.

Sample Certificate

Disclaimer: *All certificate images are for illustrative purposes only and may be subject to change at the discretion of IIM Calcutta.

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How It Works

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Select the course of your interest and register
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Receive Counselling from our Programme Advisors
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Pay the Preliminary Course Fee
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Get your documents verified & appear for Interview if applicable
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Obtain the Offer Letter and Give your Acceptance
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Complete Onboarding and commence Course

Date & Fees

Programme Fees

Get the IIM Indore CEO course fee details here

Note:
  • *Fees mentioned above are exclusive of GST. Instalments are inclusive of convenience fee.
  • Any extra payment due to any change in any of the applicable taxes during the tenure of the program will have to be borne by the students
  • This is with reference to the refund of the Application Fees. Please note that the Application Fees shall not be refunded in the following circumstances:
  • In case the candidate rejects the offer issued by the Institute; and
  • In case the application is rejected due to submission of incomplete documents and/or providing incomplete information and/or eligibility criteria not fulfilled

Instalment Schedule

Important Dates

Pay in 5 Instalments Amount* Due (₹) Payment Date
Payment Date 24th November, 2024 1,31,000
10th February, 2025 1,20,000
10th May, 2025 90,000
10th August, 2025 68,900
10th October, 2025 68,900
Pay early to save
Pay in 3 Instalments Amount* Due (₹)
Payment Date 24th November, 2024 131,000
10th February, 2025 200,000
10th May, 2025 138,680
Pay early to save
Pay in 2 Instalments Amount* Due (₹)
Payment Date 24th November, 2024 1,31,000
10th December, 2024 3,25,000
Pay early to save
Pay in Full Amount* Due (₹)
Payment Date 24th November, 2024 4,56,000

*Taxes will be additional as applicable

Important Dates

FAQs

To qualify for this programme, candidates should hold a Bachelor’s degree or its equivalent from institutions recognized by UGC/AICTE/AIU/DEB, possess ownership or be a scion of a family-managed business, serve in a senior management role reporting to the business owner, and have a minimum of 10 years of work experience. Please note that internships and trainee experiences are not considered as part of the full-time work experience. The final selection process will be carried out by IIM Calcutta

Yes, this IIM Calcutta Family Business Management programme welcomes candidates from diverse academic backgrounds. However, applicants should be owners or scions of family-managed businesses to be eligible for enrolment.

The IIM Calcutta Post Graduate Certificate Programme in Family Business Management offers a comprehensive curriculum. It covers financial aspects, managing people, customers, and business operations. Topics include financial reporting, leadership, marketing, and operations management, providing a well-rounded education for effective family business management.

The sessions of the IIM Calcutta Post Graduate Certificate Programme in Family Business Management will be delivered in Direct-to-Device (D2D) mode. This is a live programme, and you may also interact with the concerned faculty through e-mails/chat mode.

Yes, you will receive a certificate upon successfully completing this IIM Calcutta Family Business Management course. It’s worth noting that there are two types of certificates awarded, each with specific criteria. Here’s a detailed breakdown of both:

  1. ‘Certificate of Completion’: Awarded to candidates who meet the minimum attendance criteria and receive no more than ‘Poor’ grades in two or fewer courses. This certificate includes course-wise grades.
  2. ‘Certificate of Participation’: Issued to candidates who meet the minimum attendance criteria but receive ‘Poor’ grades in more than two courses. This certificate does not include specific grades.

No, you do not need to pay the full program fee in advance to secure admission. We offer the flexibility to pay the fees in 5 convenient instalments, making it easier for you to manage your financial commitment throughout the program.

The IIM Calcutta Post Graduate Certificate Programme in Family Business Management holds significant scope for individuals involved in or aspiring to manage family businesses in India. This specialised program emphasises key aspects such as succession planning, governance structures, strategic growth, and wealth management unique to family-owned enterprises. Participants gain insights from renowned faculty and industry experts, learning practical frameworks to address challenges specific to family businesses, including leadership transitions and conflict resolution. The program fosters a deep understanding of both business and family dynamics, preparing participants to sustain and expand their enterprises across generations. Additionally, the networking opportunities and peer interactions within the program provide invaluable support and learning from fellow family business leaders. Graduates emerge equipped to navigate complexities and capitalise on opportunities, ensuring sustainable growth and competitiveness in India's diverse economic landscape.

Application Deadline: 27th Oct, 2024

Course Fee: ₹ 4,56,000 + Taxes

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