CEE hosted Seminar on Growth & Opportunities for Family Businesses for Dawoodi Bohra Community
The Center for Executive Education hosted a short seminar on Growth & Opportunities for family businesses for the members and families of Dawoodi Bohra community at Fakhri Trade Center, Karachi.
The session addressed the challenges faced by family businesses in Pakistan and the growth opportunities.
Prof. Parimal Merchant, Director with S P Jain School of Global Management in-charge of the Global FMB, commented after the occasion: "Family Managed Business – each dimension is at crossroads. Business – declining margins and increasing costs making survival difficult. On the other hand, explosion of opportunity and prospect for exponential growth. Management – traditional businessman having phenomenal business sense. On the other hand, changing rules of the business require new management insights. Family – rich family traditions and each generation caring for the other. On the other hand, virus of 'individualism' making damaging inroads. As we discuss in Global FMB, it is extremely important to give serious thoughts to each of these dimensions. It was an honor to deliberate these issues with Dawoodi Bohra community – one of the most industrious and ethical business community at Karachi."
At the end, Mr. Saifuddin Bandukwala, CEO at Bush Boake Allen Pakistan and community representative thanked Prof. Merchant and CEEIBA. He commented on the occasion that the Global Head of Dawoodi Bohra community Syedna Dr. Mufaddal Saifuddin Sb under his guidance engaged the community to follow his recent initiatives to work for High Growth, Innovative and scalable enterprises and this talk is relevant and applicable to address the same.
The faculty of the program was Prof. Parimal Merchant. He is the Director of S P Jain School of Global Management in-charge of the Global FMB – a distinctive 12-month management program for sons and daughters of business families. He has over 25 years of association with Management education from which 20 years specializing in the area of creating specialized programs adapting management education to the context of Family Managed Business. He is an advisor to the Asian Institute of Family Managed Business, which is a non-profit initiative to get sons and daughters of family businesses excited to join family business at a young age. He has been involved in profit improvement consultancy projects for nearly 30 years and has been involved with nearly 100 companies - both SME as well as corporates.
Further details on family business management programs can be found on this link: cee.iba.edu.pk