Family Managed Business Administration(FMBA)
by SVKM's NMiMS - School of Business ManagementMumbai |
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Category: Diploma in Family Managed Business Administration (FMBA) | Marketing & Sales Management | Operations Management | Logistics & Supply Chain Management (SCM) | Business Management | Insurance Management | Entrepreneurship Management | Finance Management
| Eligibility: (Pre-requisites) | ELIGIBILITY FOR ADMISSION Applicant should have: The FMBA PROGRAMME, CALLS FOR A LOT OF HARD WORK. THE MORE HAD WORK ONE PUTS IN, THE MORE ONE LEARNS FROM THIS UNIQUE PROGRAMME |
| Medium of instruction: | English |
A PIONEERING INITIATIVE OF SVKM’S NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES (NMIMS) – SCHOOL OF BUSINESS MANAGEMENT, TO FACILITATE TRANSITION FROM TRADITIONAL TO CONTEMPORARY MANAGEMENT IN FAMILY- MANAGED SMALL & MEDIUM ENTERPRISES
A unique tailor-made week-end, one year Management Program for owner-entrepreneurs and their family members who would like to equip themselves with the knowledge of modern management concepts and practices. This knowledge will enable them to meet the new age challenges and seize the emerging business opportunities. The week-end structure of the program ideally suits those who are already involved in the running of their family businesses. The FMBA Program trains the students to act as CHANGE AGENTS for their family businesses, where two or more generations work together.
FACULTY
Highly qualified faculty with rich experience of working in business and industry. They tailor-make their presentations and also interact with the students on one-to-one basis.
PROGRAMME DESIGN
The program, in FOUR MODULES, spread over two semesters, introduces entrepreneurs to modern concepts and practices in various functional areas of management. At the same time, soft skills, such as communication and networking skills, together with customer and supplier relationship are taught to enhance the participant’s ‘effectiveness’ as entrepreneur-managers to initiate and lead the growth process.
Regularity of attendance, timely submission of assignments, active participation in class discussions, interaction with faculty members as well as with other participants, ensure great benefits of this unique program.
Program Incharge’s Message
“Weekend FMBA is a learning opportunity. The more hard work one puts in, the more one gets out of it”
-Dr. B. M. Kacholia, Ph.D.; MBA (USA)- Program Chairman
Dr. B.M. Kacholia, Senior Professor and Chairman of the FMBA Programme, is a Ph.D (Economics), Gold Medalist, MBA (Marketing), (USA), Fulbright Scholar, with 30 years’ experience in the Birla Group in senior positions. He has been associated with this programme since its inception in 1999-2000.
He is a Past-President of the Bombay Management Association (BMA) and Vice-President of the All-India Management Association (AIMA). He was a visiting faculty at Jamnalal Bajaj Institute of Management Studies (JBIMS) for a number of years. He was a member of the General Body of Birla Institute of Technology and Science (BITS), Pilani for 12 years, was member of the Board of Directors of a Public Limited Company for several years.
Program Objectives
A pioneering initiative of SVKM’s Narsee Monjee Institute of Management Studies (NMIMS)—School of Business Management—to facilitate transition from traditional to contemporary management in Family- Managed Small and Medium Enterprises.
Pedagogy
• Lectures and presentations by learned and experienced faculty form the core of the programme, supplemented by handouts and assignments.
• Students are given assignments in 4- 5 core management areas.
• A detailed project on one’s own business with a SWOT analysis. This is a COMPULSORY REQUIREMENT.
• Book discussions help everyone to better understand the modern management ideas (Faculty guidance is provided).
• Presentations by past students entrepreneurs
• Presentation of projects: by students in the class offers a great learning opportunity to all participants.
Applicant should have:
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A Graduate Degree from a recognized University or a Post-HSC three- year Diploma in any discipline from a recognized Institute/University
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Actual involvement in one’s family business. Preference to those with longer post education business experience.
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Good communication skill
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An intense desire to educate oneself and readiness to work hard
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Total commitment by way of regular attendance, active classroom participation and completion of assignments and projects on time
The FMBA PROGRAMME, CALLS FOR A LOT OF HARD WORK. THE MORE HAD WORK ONE PUTS IN, THE MORE ONE LEARNS FROM THIS UNIQUE PROGRAMME
Admission Criteria Process
SELECTION PROCESS
Selection is through interviews by a panel of expert faculty and one past student. At the interview, an applicant is required to submit a letter from the head of his/her family business, sponsoring the applicant and certifying his/her actual involvement in the family business. All selected applicants have to submit a LETTER OF COMMITMENT (Draft will be supplied) on their firm’s letterheads, jointly signed by the applicants and the heads of their Family Businesses. Original education and other certificates are to be produced at the interview and at the time of admission, if selected.
SPECIAL NOTES
Selected applicant will be required to bring along a senior member of his/her family, to attend the inaugural meeting of the program. The purpose is to get the senior member’s commitment and involvement in THIS LEARNING PROGRAMME FOR PROFESSIONALISING ONE’S FAMILY BUSINESS.
Classes are held normally as per schedule. However, due to unavoidable circumstances, scheduled classes may sometimes have to be changed.
Evaluation Criteria
To earn their Diploma, students must attend classes regularly and punctually, complete & submit all assignments on time, including the Compulsory Project on their own Family Business. FAILURE ON THESE COUNTS WILL MAKE A PARTICIPANT INELIGIBLE FOR THE DIPLOMA.
Student Speak
With a few years experience, I was better able to relate to the topics & subjects that were being taught and it is proving to be very useful in the day-to-day activities that I am doing… the professors are also very learned and have an extensive industrial background, which is helpful.
Sukrit Bharati; M.sc (Tech); Vice-President
Sterlite Components Ltd; Nasik ; (2011-12 batch)
FMBA has helped me to realize the importance of professionalizing my business, encouraged me to think BIG, think better and aim higher.
Monil A. Thakkar; (B.Pharm); Production-in-Charge – Kremoint Pharma P.Ltd.; Thane
(2011-12 batch)
I have learnt to do a better analysis of my company’s processes. For the first time made a five year plan. Now I know my direction.
Nisha Pappen., B.E.
Executive Project Manager ;Nithi Airconditioning Engineers Pvt. Ltd., Vidyavihar, Mumbai
(2011-12 batch)
FMBA is the only course where we get to learn many things in a short period of time. After doing this course, my confidence in managing projects has increased.
Bhavesh N.Panchal., B.E.
C.E.O.; Samiri Equipments & Engineers Pvt.Ltd., Thane
(2011-12 batch)
The FMBA course has been an eye-opener and given me an insight for a new vision. Transformation from an ‘Owner’ to ‘Owner-manager’ has become possible with the knowledge and skills acquired from the course.Our strength and weaknesses have been examined and identified. Accordingly, new business policies have been formed.
Vikas Agarwal ; CEO / Co-owner SMX Group
(2010-11 Batch)
The FMBA course has helped me develop my communication and marketing skills, helped me develop in my business as well as personal life. The whole family business culture in my organization has evolved a lot with improved profitability.
Mihir P. Sheth ; Director Solvis Agencies Pvt. Ltd.
(2010-11 Batch)
FMBA course has helped me to broaden my horizons and view the businesses differently. It has also helped me understand the change in the working of the organization and to grow with the growing market. It has helped bridge the gap between various levels of organization hierarchy. It has taught me to overcome the traditional methods and adapt to the change.
Abhijit P. Desai ; Marketing Engineer – COBIT Engineering Pvt. Ltd.
(2010-11 Batch)
I have learnt and implemented modern management techniques and the old traditional approach has almost come to an end. A centralized system has been developed and implemented in the organization by which all the staff members are very happy. Team building, and leadership development as well as brain-storming session have been implemented.
Priyam Mehta ;Head HR-Admin – Utility Printpack Pvt. Ltd.
(2010-11 Batch)
The FMBA course has taught me to think out-of-the-box and delegate work. We are improving our policies and procedures and my confidence level has increased.
Sanket Butala ; Owner-Project Head – Revmax Infotech/Revmax Telecom Infrastructures Pvt. Ltd.
Revmax Security Systems,Revmax Engineering
(2009-10 Batch)
The learnings from this course were shared and discussed in the organization for the best results, and implemented in my organization. The benefits were felt both by top and middle management. Now we look forward to implementation at all levels of the organization.
Prakash Sekhani ; Managing Partner (CEO) – Suraj Air Flow Engineers-
(2008-2009 Batch)
Personally this course has helped me in looking at problems and opportunities in a different prospective. It has given a different dimension in my thinking process. I can conduct my business in a more efficient manner and understand my employees and customers problems and grievances. I have already started implementing couple of things I have learnt here. I have also improved certain systems which has given me good results.
Jitendra Shah ; Managing Director – Rockford Structures Pvt. Ltd.
(2008-2009 Batch)
Have become very focused and pragmatic in my outlook and finally realize that my business organization is an ENTITY in itself and I should facilitate its growth in a manner that it should benefit the stakeholders, employees and society in general. Thank you very much for providing the right levels of motivation and guidance.
Mohit Shetty ; Quality Cine Labs Pvt. Ltd.
(2007 -2008 Batch)
Curriculum
PROGRAMME DURATION & TIMINGS
It is a Two Semester Program:
• Semester I – Mid-August to Mid- December
• Semester II – January to April
Classes are held on Week-ends as under:
• Saturdays: 9.30 a.m. to 4.30 p.m.
• Sundays: 9.30 a.m. to 1.45 p.m.
THE PROGRAMME STRUCTURE
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Semester – I (Mid-Aug. – Mid-Dec.) |
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Module 1 |
CHALLENGES OF THE NEW BUSINESS ENVIRONMENT AND WHAT OWNER – ENTREPRENEURS NEED TO DO |
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a) Understanding the changing economic and business environment – domestic & global |
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b) The Management Function 1) Conceptual understanding of major challenges and tasks facing owner-managers and developing an integrated perspective of one’s family business. 2) Family business – its unique nature and the interface between family and business 3) Need for developing a professional approach for managing one’s family business |
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Assignment |
Students to submit a Position paper on the history and growth of their family businesses as per guidelines provided by faculty. |
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Module 2 |
DEVELOPING COMPETENCIES THROUGH A COMPREHENSIVE UNDERSTANDING OF FOLLOWING FUNCTIONAL AREAS |
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professional management style and likely obstacles |
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Assignment |
Three assignments on General Management, Marketing Management and HR to be submitted. |
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Semester – II (Jan. – April) |
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Module 3 |
MANAGING FOR GROWTH IN THE NEW BUSINESS ENVIRONMENT |
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Assignment |
Assignment on Operations and Supply chain to be submitted. |
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Module 4 |
ENHANCING MANAGERIAL EFFECTIVENESS |
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Assignment |
(Guidelines will be provided)
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Note |
The above modules are for academic convenience. They are not watertight divisions or exclusive of each other. |
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Special Presentations on |
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F-MBA Week End (Family Business) Programme (Batch 2013)
1. ELIGIBILITY CRITERIA :
• A Graduate Degree from a recognized University or a Post - HSC Diploma in any discipline from a recognized Institute/University with a longer post- education Business Experience
• Diploma has to be a 3 year diploma.
• Actual involvement in one’s family business
• Good communication skill
• An intense desire to educate oneself and readiness to work hard
• Total commitment by way of regular attendance, active classroom participation and completion of assignments and projects on time
Those candidates who have cleared their graduation or post H.S.C. diploma by doing a part - time course or through distance learning/ correspondence/ externally/ open school are not eligible to apply.
2. REGISTRATION PROCESS :
Step I : Please visit the NMIMS website & fill up the online registration form for F-MBA Weekend (Family Business) with complete details.
Step II : After successful submission of online registration form candidates have to pay the registration fees of Rs.950/- (non refundable) through Demand Draft. The same details are also available in the confirmation mail sent to you on your primary email id mentioned in the online registration form.
3. SUBMISSION OF PAYMENT & DOCUMENTS
Registered candidate has to submit Demand draft of Rs.950/- (non refundable) drawnin favour of “SVKM’S NMIMS” payable at Mumbai & submit the following documents latest by 15th July 2013 on below mentioned address:
To,
Dy. Registrar (Admission Department )
SVKM's , Narsee Monjee Institute of Management Studies,
V.L.Mehta Road,
Vile Parle (W),
Mumbai - 400 056, India
LIST OF DOCUMENTS:
i. SSC Marksheet
ii. HSC Marksheet
iii. Diploma Marksheet iv.
Degree Marksheet (If appeared please send marksheet of the previous cleared examination)
v. Separate sheet of note on current Economic Environment –India & Global to be
carried out at the time of Personal Interview.
vi. Hard copy of the duly filled in online application form.
4. Duration of Programme :
1 Year
5. Selection Procedure :
Personal Interview
6. Please check the important dates put up on the NMIMS website and preserve it as a guide. All announcements from the NMIMS will be through its web site NMIMS.
7. Please check eligibility criteria before applying for the course.
8. All disputes under Mumbai jurisdiction only.
9. NMIMS will not be responsible for non - delivery or non-receipt of Demand draft sent through postal authorities or
courier.
FMBA Week End - Family Business Management (Batch 2013)
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Online Registration on NMIMS website (Demand draft of Rs. 950/-(non refundable) drawn in favor of SVKM’s NMIMS payable at Mumbai) Start of Online Registration |
Monday, 29th April, 2013 |
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Last Date for Online Registration |
Saturday, 13th July, 2013 |
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3 |
Telephonic invitation and email for Personal Interview |
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Conduct of Personal Interview |
16th to 20th July 2013 |
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List of selected candidates for admission(I Merit) On NMIMS website after 5 pm |
Tuesday, 23rd July, 2013
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Counselling & payment of fees (I Merit) |
24th July to 2nd August, 2013 |
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List of selected candidates for admission (II Merit) On NMIMS website after 5 pm |
Tuesday, 6th August 2013 |
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8 |
Counselling & payment of fees (II Merit) |
Monday 12th August 2013 |
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9 |
Inauguration & commencement of Program at NMIMS |
Saturday, 17th August 2013 |
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10 |
Closure of Admission |
Wednesday, 21st August 2013 |
Sundays & Holidays excluded.
Refund Rules on cancellation of admission :
The schedule of refund of fees will be as follows:
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1. Till the date of commencement of the Program. |
Rs. 1000/- will be deducted as administrative charges |
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2. After the commencement of Program but before the close of the admission. |
Rs. 1000 + Proportionate fees i.e. one tenth of the fees for every completed month or part there of, if the seat vacated by the candidate is filled. If the seat remains vacant /unfilled no fees will be refunded. |
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3. Cancellation after the official closure of admission. |
Cancellation made after the official closing of admission no fees will be refunded. |
| Classroom - Weekend | ||||
| When | Duration | Where | Remarks | Price |
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(9:30 AM - 4:30 PM) Sat |
1 Years |
All Venues | Not Specified | Price On Request |
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(9:30 AM - 1:45 PM) Sun |
1 Years |
All Venues | Not Specified | Price On Request |
SVKM's NMiMS - School of Business Management
The School of Business Management (SBM) of SVKM’s NMIMS (Deemed-to-be-University), one of India’s premier business schools is situated in Mumbai- the financial hub and nerve centre of the country.
Apart from offering diverse cutting-edge programs for students, it also offers executive education programs for professionals who want to make the key transition in their careers. The SBM educational experience aims to equip students with a bedrock of management skills to help them navigate through the complex business environment of today. A dynamic curriculum designed in conjunction with academics and industry practitioners, provides them the opportunities to master new skills and explore varied perspectives.
The School uses the case method as its chief pedagogical tool to bring to the classroom real world business scenarios that provide compelling opportunities amidst challenging settings; the emphasis here is on practical knowledge and personalized learning. SBM has an abundance of intellectual capital in the form of faculty members who are renowned in their respective fields and are committed to creating a dynamic learning environment.
Social sensitivity is the credo at SBM, where students are sensitized to respond to the changing social realities through the development and application of knowledge for creating a sustainable society.
