Post Graduate Certificate Programme in Family Business Management & Entrepreneurship (PGCP -FBM&E) Batch 03
Associate for Technical and Student Support: VC NOW
The Need for Family Business Management & Entrepreneurship Programme
Traditionally managed family businesses are undergoing intense churn and transformation due to competition and changing business models in the current disruptive VUCA environment. As family businesses transition to their next generation, there is a growing need to prepare their next-in-line leaders for the success, growth and continuity of their existing businesses as well as venture into new businesses.
- Addressing unique challenges of family dynamics in business.
- Fostering sustainable growth across generations.
- Empowering next-generation leaders with essential skills.
- Navigating succession planning and governance structures.
- Integrating innovation into traditional family enterprises.
- Providing tailored guidance for enduring success.
- Bridging academic rigor with practical wisdom.
Programme Overview
Are you an aspiring leader within a family business or an entrepreneurial-minded individual looking to create and develop new ventures? The Family Business Management Programme at IIM Indore is designed specifically for you. Our program equips the next generation of family scions with the essential skills and competencies needed to thrive in today’s volatile, uncertain, complex, ambiguous, and disruptive business environment.
Programme Contents
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 Systems (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
- On-Campus Module-03
Optional
- International Immersion
- Practical Information Sharing Sessions (on schemes)
Please Note: Modules/ topics are indicative only, and the suggested time and sequence may be dropped/ modified/adapted to fit the participant profile & amp; programme hours.
Duration & Number of Session Hours
Duration: 12 Months
Number of Hours: Approx. 200 hours
Number of Sessions (75 Minutes each): 160 sessions
Online: sessions: 164 sessions
On Campus: 12 Sessions
On-campus orientation module of three days duration:
9 residential days at the IIM Indore’s Indore Campus spread across 3 phases
(At the start or after the first Module): 03 days duration: around 12 sessions
(Mid of the Programme, usually after end of second Module): 03 days duration: around 12 sessions
(Towards the end, usually after end of third module): 3 days duration: around 12 sessions
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 Covid situation, the same will be included in the total number of sessions.
*The programme duration may be slightly extended due to unavoidable situations.
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 family business
Assessment
Industry Mentors to assess Performance of Application of Knowledge
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/ Postgraduate from Universities recognized by Association of Indian Universities with minimum 50% marks in either Diploma or graduation or post-graduation (or its equivalent) with at least two years of post- graduate work experience. Candidate should possess relevant entrepreneurial exposure. Family business and entrepreneurs, start-ups can also apply for the programme.
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 twice a week.
- 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 concerned faculty through e-mails/ chat mode.
The academic sessions will start from July 2025. Sessions will be held on Wednesdays and Saturdays. The timing of the sessions:
Wednesday, First session : 7:00 pm to 8:15 pm
Saturday, First session : 2:30 pm to 3:45 pm
Saturday, Second session : 4:00 pm to 5:15 pm
The time gap between two consecutive sessions is to give the participants a break. On some days, the classes may extend beyond the mentioned time. In addition to attending interactive sessions, participants must undertake online quizzes, assignments, and examinations.
Programme Activity Timelines
| Application Closure | July 2025 |
| Estimated date for Academic Orientation | July 2025 |
| Tentative Programme End Date | July 2026 |
Total Fees and Payment Schedule*
| Application Fees paid at time of applying (non-refundable) | 3,000 |
| Commitment Fee(within 7 days from the date of offer sent) | 10,000 |
| Programme Fee (1st instalment) payable at the time of admission (excluding GST) | 1,10,000 |
| Programme Fee (2nd Instalment) payable within three months of admission (excluding GST) | 1,10,000 |
| Programme Fee (3rd Instalment) payable within six months of admission (excluding GST) | 1,10,000 |
| Programme Fee (3rd 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/- |
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://vcrvcnow.in/PGCP-FBM&-3/STUDENT-REG/Registration_lms.php
Webpage/brochure link – https://iimindore.vcnow.in/fbme/
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.