The primary method of instruction will be interactive LIVE sessions that will be beamed online via the Internet to student desktops/laptops or classrooms. The dominant pedagogy will be participative discussion and lectures by
a group of XLRI Jamshedpur faculty of the Strategic Management Area
.
The faculty will frequently refer to corporate anecdotes to connect the theoretical understanding with reality. A textbook may be prescribed for the program, but each faculty teaching the modules may share their presentations and refer to additional readings.
The participants will learn about:
Family Business Dynamics:
Understanding the interaction between family, business, and ownership.
Governance and Succession Planning:
Learning how to establish governance structures and create effective succession plans for leadership transitions.
Conflict Resolution:
Managing family and business conflicts, ensuring effective communication, and maintaining harmony within the family business.
Strategic Planning and Growth:
Developing strategic plans to ensure the long-term sustainability and growth of the business.
Professionalization:
Exploring the role of non-family members, balancing professionalism with family values, and creating a competitive business environment.
Innovation and Adaptation:
Understanding how to navigate changes in industry, technology, and markets to sustain competitive advantage.
Leadership and Entrepreneurship:
Enhancing leadership skills and promoting entrepreneurial thinking within the family business context.
Strengthening the Foundation of Family Business Management
Business Environment Analysis for Family Managed Businesses
Business Planning & Strategy Formulation
Resource-Based Strategy for Family Managed Businesses
Masterclass 1: Introduction to Family Business Management
Growth Hacking and Expansion of Family Managed Businesses
Competitive Strategy to Corporate Strategy
Export- Import Management Strategies
Entrepreneurship in the Digital Age
Entrepreneurial Success and Innovation in the Digital Age
Design Thinking in Family Business and Management
Masterclass 2: Entrepreneurship and New Venture Creation (ENVC)
Incubation Experience: School of Startups (SoS) at PhysicsWallah HQ, Noida (Optional)
Governance of Family Managed Businesses and Succession Planning
Governance mechanisms in the Indian context
Succession Planning tools and techniques
Building a multi-generational Family Business
Mentoring the next generation
Family council and constitutions
Non-market Strategy for Family Firms
Masterclass 3: Managing Business Operations, People at Work, Customers and Money
Project: An individual project will involve the identification of leadership challenges and opportunities within the participants family business. The issues will be fine-tuned through a series of interactions with programme faculty/coaching/workshops during the campus component.
Entrepreneurs from Family Business Backgrounds
The owners / successors of Family Managed Businesses.
Non-family professional executives who work in family businesses and are handling key strategic roles in their organizations
Advisors to Family Businesses: Consultants, Financial Advisors, or Legal Professionals
Young professional executives who aspire to move into roles that will require them to engage in strategic thinking and decision making in a family business environment.
The primary method of instruction will be interactive LIVE sessions that will be beamed online via the Internet to student desktops/laptops or classrooms. The dominant pedagogy will be participative discussion and lectures by
a group of XLRI Jamshedpur faculty of the Strategic Management Area
.
The faculty will frequently refer to corporate anecdotes to connect the theoretical understanding with reality. A textbook may be prescribed for the program, but each faculty teaching the modules may share their presentations and refer to additional readings.
A minimum of 70% attendance to the LIVE lectures is a prerequisite for successfully completing this program. The evaluation components of the program include one comprehensive end-course assessment and a project-based assignment. Participants who successfully complete the same with a minimum of 40% of marks in the two components combined and satisfy the requisite attendance criteria, will be awarded a certificate of completion by XLRI. Participants who are unable to clear the evaluation criteria but have the requisite attendance will be awarded a participation certificate by XLRI.
