Sep 28, 2018: Third batch of Diploma in Family Managed Business
The third batch of Diploma in Family Managed Business has commenced today with the aim to help family businesses
- Improve profitability and sustainability by streamlining processes and putting in place family business governance structures
- Expand beyond borders
- Get listed
The 4 month weekend Diploma covers family dynamics, family business governance, people management, marketing, accounting, and finance and operations management. The program architecture and curriculum has been developed after close consultation with leading family business members. The faculty comprises primarily of members of family businesses, having a strong grip on family issues and business issues. Through the program participants experience several learning and transformation interventions such as immersion exercises, cases, role plays, eminent guest speakers and industrial visits.
The capstone project for the program is a live "Business Improvement or diversification Plan" developed with the input of a family business mentor and faculty. After successful completion participants are also eligible for additional certification in "Business Fundamentals "offered by the Asian Institute of Family Managed Business (AIFMB) led by Prof. Dr. Parimal Merchant (Director Global Family Managed Business Program, SP Jain Global Management School).
Right from its inception, Pakistan's family businesses have made a significant contribution to the growth and sustainability of the economy. National income, investment, employment and philanthropy are a few keys areas family business impact is unparalleled.
There are over 50,000 family businesses operating in Pakistan (Center for International Private Enterprise) which excludes small roadside businesses in the country. And over 80% of companies listed on the Pakistan Stock Exchange are in some way related to a family business.
However family businesses are faced with a number of challenges that are family based rather than business based and requires a management approach different from the mainstream MBA. In order to address this need and contribute to the growth and sustainability of family business the IBA has introduced family business programs. This year marks the 6th year of IBA's foray into Family Managed Business Education.