GLOBAL FAMILY MANAGED BUSINESS PROGRAM
Program
STRUCTURE
Led by experts in family business management, the Global FMB program will enable you to acquire not just the knowledge, but also the requisite skills and aptitude needed to contribute effectively to your family business. The program is structured in a unique manner – you will attend classes at SP Jain for one week per month (contact), and the following three weeks at your own family business, with each contact providing applicable lessons that can be implemented successfully within the context of your business.
The program is structured in the following format:
- Contact Week 1*: Mumbai or Delhi
- Contact Week 2: Dubai
- Contact Week 3 - 5: Mumbai and Delhi
- Contact Week 6: Mumbai
- Contact Week 7 - 10: Mumbai and Delhi
- Contact Week 11: Singapore
- Contact Week 12: Mumbai and Delhi
*Please note that decisions pertaining to the location of admission to the Global FMB program will be undertaken by the Admissions Committee. The content, faculty and curriculum offered at both locations will remain the same.
The Delhi batch is only for the August intake.
PROGRAM
CURRICULUM
The program covers all aspects of management. Broadly, it focuses on helping students address challenges they face in the following areas:
- General Management: What is and what should be my business?
- Business Dependencies: In what conditions do I operate?
- Business Is Customer: Who is my customer and what drives his/her buying process?
- Business Is Operations: How do I deliver what I promise my customer?
- Business Is Money: What resources are utilised and what is the outcome?
- Business Is People: How do I manage people within my organisation?
STUDENTS OF THE PROGRAM LEARN FROM:
- High-tech Adaptive Learning tools
- Highly experienced faculty (through interactions both inside and outside the classroom)
- Father/mentor about business implications
- Manager/business staff about implementation
- Peers in the class about application in different contexts
- Industrial visits and business interactions
- Classroom and out-of-classroom activities
- Feedback sharing
- Global immersion
LEARNING OUTCOMES:
- Creation/development of a comprehensive and executable three-year business plan
- Understanding the role of a student within the context of the business plan
- Creation/development of a family plan outlining challenges/opportunities in view of the family life cycle
- Develop a global perspective
- Learn practical methods to transform your business through management and technology
Program Structure
ATTEND FACE-TO-FACE CLASSES IN MUMBAI, DUBAI AND SINGAPORE
At SP Jain, the GFMB students have the opportunity to study in three dynamic business hubs of Mumbai, Dubai and Singapore. This tri-city experience provides unique exposure to multinational business environments and cultures.
Every month, you will study for 1 week on campus at SP Jain (contact week) followed by 3 weeks at your own family business. Each contact week is carefully crafted to provide you with lessons that can be applied successfully within the context of your business.
The program is divided into two semesters. The first semester will cover Fundamentals of Management in Family Business and the second semester will cover Advanced Management in Family Business.
Those who complete the first semester successfully will have an option to opt for the Degree Program from London offered by S P Jain London School of Management. More details can be obtained from the website: Masters of Family Managed Business (MFMB) | SP Jain London School of Management
OPTION 1: TRI-CITY LEARNING FORMAT
(Face-to-face classes in Mumbai/Delhi, Dubai and Singapore)
Every month, you will study for 1 week on campus at SP Jain (contact week) followed by 3 weeks at your own family business. Each contact week is carefully crafted to provide you with applicable lessons that can be implemented successfully within the context of your business.
The tri-city learning model is structured in the following format:
- Contact Week 1: Mumbai/Delhi
- Contact Week 2: Dubai
- Contact Weeks 3-5: Mumbai/Delhi
- Contact Week 6: Mumbai
- Contact Weeks 7-10: Mumbai/Delhi
- Contact Week 11: Singapore
- Contact Week 12: Mumbai/Delhi
Note: Decisions on the Mumbai or Delhi location of admission will be undertaken by the Admissions Committee. The program content, faculty and curriculum offered at both locations will remain the same.
Option 2: Blended Learning Format
(Online classes + face-to-face classes)
The blended learning format is offered specially for students whose busy schedules do not allow them to leave their city or businesses frequently. With the same program duration, coursework, assessments, faculty, and curriculum, the blended format offers you all the benefits of the tri-city format with minimal interruption to your day-to-day schedule.
The blended learning model is structured in the following format:
- Every month, study online for 10 days (3 hours each day)
- Every 3 months, attend face-to-face classes at one of SP Jain’s global campuses (including 1 visit each to Dubai and Singapore)
The semesters are structured in the following manner:
First Semester
- Contact week 1 to 6: Mumbai
Second Semester
- Contact weeks 1 and 2: Mumbai
- Contact week 3: Dubai
- Contact week 4: Mumbai
- Contact week 5: Singapore, Korea and Japan*
- Contact week 6: Mumbai
* This contact week can be preponed or postponed as per the travel feasibility in these countries
Option in the second semester to opt for the Masters Degree Program from London offered by S P Jain London School of Management
PROGRAM CONTENT
The GFMB program is specially designed to help you gain the knowledge, skills and attitudes to take your family business to the next level and become a successful business leader. It will be done by the following design.
Semester 1 - Fundamentals of Management in Family Business
Knowledge of
- Business is Customer – covering Sales and Marketing.
- Business is Execution – covering Sourcing, Operation and Supply Chain Management.
- Business is People – covering People behaviour, HR flow and Organisational design.
- Business is Money – covering Finance, Cost and personal wealth management.
Semester 2 – Advanced Management in Family Business
Knowledge of
- Business is Strategy - covering General Management and Strategy.
- Business is Dependent - covering Economics, IT, International Business and PESTLE.
Skills of
- Ability to Express and Extract - covering communication.
- Ability to Convey the Value - covering sales.
- Ability to deal with stakeholders - covering negotiation.
- Ability to deal with challenging situations - covering leadership.
Attitudes of
- Understanding family dynamics and fostering strong bonds.
- Understanding oneself and nurturing personal strengths and aspirations.
- Developing the aptitude to handle challenges and learn from failures.
- Developing a global mindset to drive exponential growth.
- Fostering an innovative mindset to establish new ventures.
Regardless of which industry your business operates in, the customer is one of the most important parts of your business. Keeping this in mind, and to help you build a strong relationship with your customers, the GFMB program will cover vital areas including sales, marketing, social media marketing, international business, digital marketing, branding, and advertising.
One of the most important segments of the GFMB curriculum, Business is Operations, helps you gain a deep understanding of business processes, operations, supply chain management, and the Theory of Constraints (ToC).
Human relations form the backbone of all businesses and, at SP Jain, we believe in building brilliant people skills. In the Business is People segment of the GFMB program curriculum, you will delve into a wide array of topics including employee hiring, maintaining, and retaining, while also understanding numerous personalised methods of motivating your employees.
In the Business is Money segment, you will learn the fundamentals of economics for business application, finance, cost management, accounting, and reading, while also understanding financial data, forecasting, and taxation.
What goals do you have for your business and how can you achieve them? In the General Management segment of the GFMB program curriculum, you will find answers to this question while also learning more about the strategy, telescopic vision, microscopic execution, and the effects of external policy changes on a business.
Within this subject, you will be exposed to the economics (domestic and international), general business environments, legal, and other external factors on which a business is dependent.
How can you take your business to the next level? In this module, you will be able to build the leadership, negotiation, communication and interpersonal relationship skills needed to accelerate your business growth.
The program will also help you develop soft skills such as ensuring a smooth working environment with your family, developing strong familial ties, and building humility – one of the most important characteristics of a successful leader.
STUDENTS WILL LEARN FROM:
- Highly experienced faculty (through interactions both inside and outside the classroom)
- Parents/mentors about business implications
- Managers/business staff about implementation
- Peers in the class about the application in different contexts
- Industrial visits and business interactions
- Classroom and out-of-classroom activities
- Feedback sharing
- Global immersion
LEARNING OUTCOMES OF THE PROGRAM:
- Develop a global perspective
- Learn practical methods to transform your business through management and technology
- Be logically excited to contribute to your family business
- Creation/Development of a comprehensive executable three-year business plan
- Understanding your role within the context of your family business
Shravan Sethi (GFMB Program Batch 9)
CSKS Group, Amritsar
