Post Graduate Certificate Programme in Family Business Management & Entrepreneurship (PGCP -FBM&E) Batch 04
Associate for Technical and Student Support: VC NOW
Webpage/brochure link | Apply Now
India is entering a decisive phase of intergenerational business transition, where a significant number of family enterprises will move from founders to the next generation of leaders. While family businesses drive a large share of the economy, sustaining them across generations requires structured succession, strong governance, and strategic leadership.
The Post Graduate Certificate Programme in Family Business Management & Entrepreneurship by Indian Institute of Management Indore is designed to prepare next-generation leaders and entrepreneurial family members to successfully navigate this transition.
The programme equips participants to:
- Lead generational transition with clarity and structure
- Align family values with long-term business strategy
- Strengthen governance and professional management systems
- Scale, diversify, and future-proof family enterprises
- Explore new entrepreneurial opportunities
Blending rigorous management frameworks, peer learning, and real-world business application, the programme empowers participants to transform legacy businesses into enduring institutions.
PROGRAMME USP
- Purpose-Built for Family Business Leaders
- Structured Succession & Governance Frameworks
- Flexible Executive Learning Format
- Prestigious Certification & Peer Network
Programme Contents
The curriculum is delivered across three integrated modules:
Module 1: Management Practices for Entrepreneurs
- Strategic Management Fundamentals
- Microeconomics
- Statistics
- Corporate Governance
- Global Strategy and Internationalisation
- Financial Management
- Fundamentals of Marketing Management
- Fundamentals of Organizational Behaviour
- Business Ethics
- Macro Economics
- Management Information System (MIS)
- Legal Aspects of Family Businesses
- Change Management and Succession Planning
- Communication for Business Leaders
On Campus Module-01
Module 2: Business Landscape for Entrepreneurs
- Corporate Strategy
- Brand Management
- Investment and Venture Financing
- Leadership in Family Businesses
- Human Resource Management (HRM) in Family Businesses
- Operations Management OM in Family Businesses
- Simulation
- Innovation and Technology Management
- Demand Forecasting and Sales Management
- Digital and Social Media Marketing
- Data Management and Analytics
- Financial Analysis and Valuation
On Campus Module-02
Module 3: Entrepreneurial Success
- Intellectual Property (IP) Management
- Growth Strategy
- Business Models
- Negotiation
- Consumer Insights Mining
- Sales and Distribution Management
- Digital Transformation
- Risk Management and Financial Planning
- Taxation
- Government Schemes for Businesses
- Supply Chain Management
- Digital Platform and Data Monetization
- Capstone Project
On Campus Module-03
* This is only an indicative list of topics – the final curriculum for each module is curated by the faculty member based on an assessment of the learning needs of the cohort and contemporary trends in the domain.
Duration & Number of Session Hours
Duration: 12 Months
Number of Hours: 200 hours
Number of Sessions (75 Minutes each): 160 sessions
Online: sessions: 124 sessions
9-days On-campus module:
1). 03 days duration: around 12 sessions (At the start)
2). 03 days duration: around 12 sessions (Mid of the Programme)
3). 03 days duration: around 12 sessions (Towards the end)
One or two sessions from some of the courses will become part of the on-campus orientation module. In case the on-campus module is not conducted due to any situation, the same will be included in the total number of sessions.
*The programme duration may be slightly extended due to issues like faculty unavailability and gazetted holidays on the session days.
Pedagogy
- The pedagogy will be a judicious mix of Conceptual Teaching and Case Studies and Discussions.
- Hands on application of Knowledge and Concepts to Family Business will be tested for each Module in the form of Projects / Assignments will have substantial weightage in Assessments along with online exams / assessments for conceptual testing and
- Objective of learning Sessions is to bring to life management of various aspects of family business functions, through conceptual understanding, experience sharing and dialogue of students, application of concepts, frameworks, tool kits, through interactive sessions,
- Application of knowledge through hands on assignments in terms of application of learnings in the Family Business will prepare participants to gain first-hand knowledge of managing and improving the family business
Assessment
Performance of participants will be monitored on a continuous evaluation basis through quizzes, assignments, tests and examinations. The participant is required to score minimum marks/grades as decided by the Institute from time to time to complete the course.
Certification
Successful Completion Certificate by IIM Indore in a valedictory ceremony to be held on the campus.
Eligibility Criteria
Diploma (10+2+3)/ Graduate / Post Graduate from Universities recognized by Association of Indian Universities with minimum 50% marks in either Diploma or graduation or post-graduation (or its equivalent).
Working Professionals with 2 years of work experience after graduation.
How the Courses will be Delivered:
- Courses will be delivered through on-line mode using an appropriate technology& synchronized platform. Lectures will be delivered through broadband based technology involving two-way audio and video communication.
- Sessions will be held once a week, generally at weekends.
- Participants can attend sessions directly from their desktop/laptop (Direct-2-device).
- Participants will be provided with reading materials etc. for each course. They may also interact with the faculty concerned through e-mails/ chat mode.
The academic sessions will start from Aug 2026. Sessions will be held on Saturdays.
The normal timing of the sessions will be as follows:
Saturday, First session : 02:30 PM to 03:45 PM
Saturday, Second session: 04.00 PM to 05:15 PM
**Saturday, Third session: 05:30PM to 06:45 PM
*Third session may be scheduled as needed to ensure the timely completion of the programme.
In addition to attending interactive sessions, participants have to undertake online quizzes, assignments, and examinations
Programme Activity Timelines
| Application Closure | August 2026 |
| Estimated date for Academic Orientation | August 2026 |
| Tentative Programme End Date | July 2027 |
Total Fees and Payment Schedule*
| Application Fees paid at time of applying | 3,000 |
| Commitment Fee at the time of acceptance of offer of admission | 10,000 |
| 1st Instalment payable at the time of admission (excluding GST) | 1,10,000 |
| 2nd Instalment payable within three months of admission (excluding GST) | 1,10,000 |
| 3rd Instalment payable within six months of admission (excluding GST) | 1,10,000 |
| 4th Instalment payable within nine months of admission (excluding GST) | 1,07,000 |
| Total (exclusive of GST) | 4,50,000/- |
| Overall Fees (including GST @ 18%) | 5,31,000/- |
*This fee will be collected by our programme partner- VC NOW
Student Privileges
The participants who will complete the programme successfully will be eligible for the Executive Education Alumni status of IIM Indore. They will be required to apply separately along with the necessary fee to register their name. Current alumni membership plans are as follows:
- 2-year membership – INR 1000/- + applicable taxes,
- Lifetime membership – INR 10,000/- + applicable taxes,
Benefits available to Executive Education Alumni:
1) Communication of brochures and newsletters from IIM Indore
2) Access to the IIM Indore Campus Library (onsite access only)
3) Official email ID of the institute
4) ID Card
Mere successful completion of the programme, application submission, and fee does not entitle a participant to be eligible for executive education alumni status. IIM Indore reserves the right to confer executive education alumni status.
IIM Indore reserves the right to modify the above conditions at its discretion at any time without notice. Only the courts at Indore will have the territorial jurisdiction to try any disputes arising in respect of the Executive Alumni membership being granted.
Apply now link – https://iimindore.vcnow.in/fbme04/
Speak to Academic Advisors: +91-8929922638
Please note that IIM Indore reserves the right to change the programme design, format, number of sessions, certificate format, terms in the programme or can incorporate any such change deemed necessary by the institute without prior intimation.