IIM Calcutta Post Graduate Certificate Programme in Family Business Management – Batch 05
This course is conceived to educate and enable the owners/top-management of the family businesses in India to understand the business environment and functional aspects, identify new opportunities of growth, and develop strategies to expand their business.
The business environment in India is far more dynamic today than ever before. Family-managed businesses must understand and adapt to the professional ways of managing their businesses to remain afloat in today’s dynamic environment. The Post Graduate Certificate in Family Business Management is developed to educate and enable the owners/top-management of the family businesses in India to understand the business environment and functional aspects, identify new opportunities of growth, and develop strategies to expand their business.
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.
Key Learning Outcomes
This programme will provide the participants with :
- Develop an understanding of the role of an entrepreneur/innovator
- Appreciate the functional aspects of their businesses
- Develop a strategy to take their business ahead amidst the competition
- Understand how to take their business global
Programme Highlights
Contextually designed 12-month programme for family business owners
Two campus immersion modules of 5 days each
Helps adapt professional ways of strategising, managing, and growing business
Focus on real business use cases
Peer-learning & networking opportunities
IIM Calcutta Executive Education Alumni status
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.
Campus Immersion
- There will be 5 days of campus immersion 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 visits for successful completion of the programme.
- The campus visit 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 family-managed businesses
Eligibility Criteria
- Bachelor’s degree (10+2+3 or 10+2+4) or equivalent; or 2-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 in full-time work experience.
Admission Criteria
The selection will be based on candidate’s overall profile evaluation – educational qualification, allied experience, Statement of Purpose – subject to meeting eligibility criteria.
How It Works
Step 1
Select the course of your interest and register
Step 2
Receive Counselling from our Programme Advisors
Step 3
Pay the Preliminary Course Fee
Step 4
Get your documents verified & appear for Interview if applicable
Step 5
Obtain the Offer Letter and Give your Acceptance
Step 6
Complete Onboarding and commence Course
Programme Fee
| Particulars | Amount (₹)* |
| Processing Fee** | ₹15,000 + GST |
| Programme Fee | ₹4,40,000 + GST |
Note:
- *18% GST will be additional as applicable.
- All fees will be collected by Times Edutech and Events Limited (TEEL).
- Processing Fee contains ₹10,200 towards Application Fee and ₹4,800 towards the total course fees. Processing Fee of ₹15,000 is refundable in case the participant’s profile is rejected by IIM Calcutta. In case the applicant’s profile is rejected then the initial amount paid at the time of registration shall be refunded, subject to a deduction of ₹2,500 by way of administrative charges.
- Any extra payment due to any change in any of the applicable taxes during the tenure of the programme will have to be borne by the students.
- This is with reference to the refund of the Processing Fee. Please note that the Processing Fee 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.
Installment Schedule
| Installment I | Date | Amount (₹)* |
| I | To be paid at the time of application | ₹4,800 + GST |
| Within one week of offer rollout | ₹1,15,200 + GST | |
| II | 10th April, 2024 | ₹1,20,000 + GST |
| III | 10th July, 2024 | ₹1,20,000 + GST |
| IV | 10th October, 2024 | ₹1,20,000 + GST |
*GST will be additional as applicable
Important Dates
| Application Closure Date | 24th September, 2023 |
| Programme Start Date | 7th January, 2024 |
| Programme End Date | December 2024 |
Assessment & Evaluation
- Continuous evaluation components consists of class participation, case discussions, assignments, quiz, project presentations, and final examination.
- Examination/evaluation shall be conducted by IIM Calcutta.
- 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 66% attendance is a prerequisite for the successful completion of the programme
- Participants with less than 66% attendance will not be permitted to appear for the exams.
Course 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.
Module 1 : Functional Areas of Business
1
1.1 : Managing Money
1.1.a Financial Reporting and Analysis Concepts
- 1.1.b Cost Management Concepts
2
1.2 : Managing People
1.2.a Understanding self
1.2.b Leadership
- 1.2.c Handling Conflicts
- 1.2.d Negotiation Skills
3
1.3 : Managing Customers
1.3.a Marketing Management Fundamentals
- 1.3.b Delivering Value to Customers
- 1.3.c Digital and Social Media Marketing
4
1.4 : Managing Business Operations
- 1.4.a Lean Management
- 1.4.b TQM, JIT
- 1.4.c Service Operations
- 1.4.d Supply Chain Management
Module 2 : Understanding Macroeconomic Business Environment for Family-managed Businesses
1
2.1 : Environmental Forces and their Impact on Business
2
2.2 : Understanding Macro and Microeconomics
Module 3 : Dynamics of Family-managed Businesses
1
3.1 : Evolution and Growth of Family Business
2
3.2 : Corporate Governance and Business Ethics for Family Businesses
3
3.3 : Crisis Management
4
3.4 : Value Drivers
5
3.5 : Succession Planning
Module 4 : Business Financing, Valuation, and Venture Capital FundingBusiness Financing, Valuation, and Venture Capital Funding
1
4.1 : Corporate Finance Concepts
3
4.3 : Private Equity, Venture Capital, and Corporate Valuation
4
4.4 : Financial Planning and Wealth Management
Module 5 : Understanding Entrepreneurship
1
5.1 : Entrepreneurial Success and Innovation
2
5.2 : New Businesses Ideas, Evaluation, and Implementation
3
5.3 : An Introduction to Intrapreneurship
4
5.4 : Establishing and Managing a Start-up
5
5.5 : Challenges Entrepreneurs Face and Addressing those Challenges
Module 6 : Design Thinking and Innovation
1
6.1 : Innovation and Corporate Strategy
2
6.2 : Design Thinking for Growth Strategies
Module 7 : Taking One’s Business Global
1
7.1 : Developing a Global Mindset
2
7.2 : Internationalisation of Business: Taking your Business Global
3
7.3 : Building Skills for Global Business
Family business management involves managing, sustaining, and growing family businesses that are owned or inherited by an individual or two or more members of the same family. A family business management course is developed to meet the needs of young entrepreneurs and inheritors in the rapidly evolving family business dynamics. It is essential for successors and top management of family-owned businesses to be adept in global business practices and entrepreneurial innovations.
n MBA or Post Graduate holder will be able to use their managerial skills to understand various areas of the family business and match their expertise to meet those functional goals. An MBA or Post Graduate degree will enable family business managers and entrepreneurs to oversee businesses in a more organised way. The degree enables learners to acquire delegation skills and manage their teams more efficiently. Aspiring entrepreneurs learn to mitigate risks with their knowledge of finance and corporate laws that they learn during their MBA or Post graduation studies.
Yes, There is an instalment scheme available for the post-graduate programme in family business management at IIM Calcutta. Candidates can pay fees in 4 instalments.
In India, there are several B-schools that offer BBA and MBA or PG courses in Family Business Management. IIM Calcutta’s PGCFBM programme is one of the best courses to enrol in. The family business programme can provide good opportunities to interested individuals for expanding and improving their knowledge base to strengthen their existing family business or even start a new business.
Class Timings:
Sunday: 03:30 p.m. – 06:30 p.m.
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