SPJIMR Post Graduate Programme in Family Managed Business (PGPFMB) cohort 33 travelled to Bhubaneswar in January 2024 for regional immersion. The programme conducted the academic sessions of this immersion in collaboration with Kalinga Institute of Industrial Technology, (KIIT) Bhubaneswar.
The immersion started with the academic sessions followed by a fireside chat with Mr. Tapan Kumar Mohanty, MD Z Estates and Ms. Tanaya Patnaik, Editor, Sambad & Kanak News, Executive Director, Eastern Media Ltd. The session was moderated by Mr. Harsh Tekariwal, Director, Harshpriya Constructions and PGPFMB 29 alumnus.
An interaction with the trade association members was organised the next evening. Mr. Kalyan Mohanty, Executive Director IPICOL, Mr. Sashi Mohanty, Chairman, CII & CEO and MD, Essar Minmet Ltd, Mr. Umesh Patnaik Secretary -CREDAI Bhubaneswar and a special guest – Mr. Rajen Padhi, Director General, Utkal Chamber of Commerce and Industry were a part of the panel. Dr. Tulsi Jayakumar, Executive Director, SPJIMR CFBE, moderated the session. The immersion included industry visits:
Regional Immersions are meticulously planned to offer our participants a complete understanding of the business environment and emerging markets. This enables them as business owners to drive expansion and growth. A regular day in the regional immersion includes academic sessions; interactions with the family business owners, trade associations and alumni; industrial visits; and exploration of the city. Regional Immersion is conducted in Phase II, the advanced phase of the PGPFMB programme. It offers PGPFMB participant an opportunity to explore emerging markets in tier two /tier three city of India. These emerging markets are attracting more and more attention from investors because of their more affordable living and operating costs, expanding infrastructure, and encouraging government policies.
Regional Immersion contributes to being a vital component of the PGPFMB programme. The immersion brings unparalleled exposure for a participant to understand the underlying benefit these cities and regions bring to the table for a family-managed business. The prospect of higher return, understanding the business opportunities lying in that region, and networking with peers and alumni are some of the key takeaways which a participant brings back.
SPJIMR’s Post Graduate Programme in Family Managed Business (PGPFMB) is designed to groom new entrants to family businesses to enable organic growth for self and their family businesses. It helps preserve and nurture the legacy of the earlier generations and leaves one’s indelible mark on their family business for years to come. Conceived and launched in 1997, the programme is the pioneer in post-graduate family-managed business programmes in India. It has grown in strength, with 37 batches already having gone through the programme.