Center for Family Managed Business (C-FMB)
The Centre for Family Managed Business (FMB) is a pioneer program for young family business managers. The SPJIMR Family Managed Business Program was evolved to assist family-owned firms in meeting the unique managerial challenges associated with operating and sustaining a successful family enterprise. The Program helps the students to identify which family dynamics most often affect business decisions, and learn how to overcome these hurdles to continued growth and profitability.
The program has continuously created successful business stalwarts for the past 12 years. It has a custom designed architecture reflecting the central theme of preparing the participant for leadership of his/her family business. The journey has been fulfilling, livened up by innumerable successes but it is just a start.
ObjectivesEquip young family business managers with management concepts and techniques for meeting the distinct challenges in managing a successful, growing family business.
- Prepare the family member for developing a strategic and general management understanding of the business backed up with a global perspective.
- Inculcate in the family member the attributes of continuous learning and reflection which would enable him/her to keep abreast of the future.
- Develop a keen business interest in the external world beyond the family and the business.
- Understand and synergise the dual role played by a family member, as a member of the owner family, and as a business manager