PG Certificate in Family Business & Entrepreneurship
The Post Graduate Certificate Programme in Family Business Management & Entrepreneurship is designed to equip individuals with the knowledge and skills necessary to effectively manage and grow family-owned businesses. The programme focuses on critical areas such as succession planning, business strategy, financial management, and leadership, while also addressing the unique challenges faced by family enterprises. It fosters entrepreneurial thinking, enabling participants to identify new business opportunities and drive innovation within their firms. The curriculum blends theoretical concepts with practical insights to help participants strengthen their family business's long-term sustainability and growth.
Instructors:
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Course Start Date:
Starting soon
Application Deadline:
To be announced
Duration:
12 Months
₹ 4,50,000
Overview
IIM Indore's Post Graduate Certificate Programme in Family Business Management & Entrepreneurship (PGFBME) is specifically designed for aspiring leaders within family businesses and entrepreneurial individuals looking to develop new ventures. The program equips the next generation of family business leaders with essential skills needed to thrive in today's volatile, uncertain, complex, and disruptive business environment. With a focus on strategic management, financial analysis, and leadership development, participants gain comprehensive knowledge to accelerate business growth, develop entrepreneurial acumen, and lead effectively. The curriculum combines theoretical concepts with practical applications through case studies, discussions, and simulations, culminating in a capstone project. This blended learning approach, featuring both online sessions and on-campus modules, ensures participants can apply their knowledge immediately while continuing their professional responsibilities.
Why Leadership & Management?
The IIM Indore Post Graduate Certificate Programme in Family Business Management & Entrepreneurship offers a unique advantage through its specialized curriculum that addresses the specific challenges faced by family businesses. The program delivers a perfect balance between academic rigor and practical application, taught by experienced faculty from one of India's top 5 IIMs with triple crown accreditation (AMBA, AACSB, EQUIS). Its blended format allows professionals to continue working while upgrading their skills, and the three on-campus modules provide valuable networking opportunities with peers and industry experts. The capstone project enables participants to apply concepts directly to their business challenges, ensuring immediate return on investment. With IIM Indore's strong reputation and executive education alumni status upon completion, graduates gain credibility and access to a prestigious network that can propel their business growth strategies.
What does this course have to offer?
Key Highlights
Specialized curriculum for family business challenges
Triple-crown accredited institution (among top 5 IIMs)
Blended learning format with three on-campus modules
Comprehensive coverage of business fundamentals and specialized topics
Networking opportunities with like-minded professionals
Real-world application through capstone project
Executive Education Alumni status from IIM Indore
Access to IIM Indore resources and network
Who is this programme for?
Next-generation family business leaders seeking to navigate succession
Aspiring entrepreneurs looking to create or develop new ventures
Professionals with 2+ years of experience in family businesses
Business owners wanting to scale operations and drive innovation
Individuals responsible for strategic decisions in family enterprises
Executives seeking to formalize business operations and governance
Minimum Eligibility
Graduate with minimum 2 years of work experience
Preference to family business owners and aspiring entrepreneurs
Selection based on overall profile
Minimum 75% attendance required
Who is the programme for?
The admission process for the Post Graduate Certificate Programme in Family Business Management & Entrepreneurship at IIM Indore is merit-based, evaluating applicants on their overall profile and relevant experience. Candidates must have a minimum of 2 years of work experience, with preference given to those from family business backgrounds. The selection process begins with online application submission and payment of a ₹3,000 application fee. Selected candidates receive an offer letter and must pay a commitment fee of ₹10,000 to secure their place. The academic structure follows a modular approach with three distinct modules covering various aspects of business management and entrepreneurship. Each module builds upon the previous one, starting with business fundamentals and progressing to specialized topics in family business management and entrepreneurial success. The programme maintains a 75% minimum attendance requirement for certification, with continuous assessment through quizzes, assignments, tests, and examinations.
Important Information
Selection process
How to apply?
Curriculum
The curriculum of the Post Graduate Certificate Programme in Family Business Management & Entrepreneurship is structured into three comprehensive modules, each building upon the previous to provide a holistic understanding of family business management and entrepreneurship. The program begins with Module 1, which establishes a strong foundation in business fundamentals including strategic management, economics, corporate governance, financial management, marketing, and organizational behavior. It also introduces specialized topics like legal aspects of family businesses and succession planning. Module 2 advances to more nuanced areas such as corporate strategy, brand management, leadership in family businesses, operations management, innovation, and financial analysis. The final Module 3 focuses on entrepreneurial success, covering intellectual property management, growth strategies, negotiation, digital transformation, risk management, and culminates in a capstone project. Each module includes an on-campus component for intensive learning and networking opportunities, ensuring a balanced blend of theoretical knowledge and practical application.
There are 3 semesters in this course
The programme is structured into three comprehensive modules, each building on the previous to provide a holistic understanding of family business management and entrepreneurship. Module 1 establishes a strong foundation in business fundamentals including strategic management, economics, corporate governance, financial management, marketing, and organizational behavior. It also introduces specialized topics like legal aspects of family businesses and succession planning. Module 2 advances to more nuanced areas such as corporate strategy, brand management, leadership in family businesses, operations management, innovation, and financial analysis. The final Module 3 focuses on entrepreneurial success, covering intellectual property management, growth strategies, negotiation, digital transformation, risk management, and culminates in a capstone project. Each module includes an on-campus component for intensive learning and networking opportunities.
Module 1
Module 2
Module 3
Programme Length
The Post Graduate Certificate Programme in Family Business Management & Entrepreneurship is a 6-month programme designed with a flexible learning format to accommodate working professionals. The curriculum is delivered through a blend of online sessions and three on-campus modules, allowing participants to continue their professional responsibilities while upgrading their skills. The programme follows a structured timeline with defined start and end dates, ensuring a cohesive learning experience across all three modules.
Whom you will learn from?
Learn from top industry experts who bring real-world experience and deep knowledge to every lesson. The instructors are dedicated to help you achieve your goals with practical insights and hands-on guidance.
Instructor
Programme Director
Punyashlok Dwibedy has completed his Ph.D. from the Indian Institute of Management, Ahmedabad in Strategy. His thesis explores the factors impacting firms’ technological choices and how these choices affect firm performance. Prior to joining IIM Indore, he worked as an Assistant Professor at Ahmedabad University from August 2021 to May 2022. He has also worked as Manager-Corporate Business in HDFC ERGO General Insurance from 2014-2016 in Hyderabad. Punyashlok holds a bachelor’s degree in Electrical and Electronics Engineering from the Biju Patnaik University of Technology, Rourkela, and a Post Graduate Diploma in Management from IMT, Nagpur. He is a native of Odisha and has his parental home in Cuttack. His research interests include innovation and technological choices of firms, combination of innovation practices affecting firm performance, and entrepreneurship. His publications include “Informal competition and product innovation decisions of new ventures and incumbents across developing and transitioning countries”. His teaching interests include Technology and Firm Strategy, Strategic Management, Strategy and Innovation, and Entrepreneurship in Emerging Markets. He has co-authored a case on the acquisition of a foreign firm by an Indian family business, named, “Tega Industries: The South Africa Acquisition” published by the IIM Ahmedabad Case Centre and available on Harvard Business Cases Store. The case has been awarded the “Madan Mohanka Research on Internationalization of Business Award” for the year 2021 at IIM Ahmedabad.
Tuition Fee
The total fee for the Post Graduate Certificate Programme in Family Business Management & Entrepreneurship is ₹4,50,000 plus GST (currently at 18%). This fee structure is divided into four installments to make it more manageable for participants. The initial payment includes an application fee of ₹3,000 plus GST and a commitment fee of ₹10,000 plus GST upon receiving the offer letter. The program fee installments are structured as follows: Installment 1 (payable at the time of admission): ₹1,10,000 plus GST, Installment 2: ₹1,10,000 plus GST, Installment 3: ₹1,10,000 plus GST, and Installment 4: ₹1,07,000 plus GST. Loan assistance is available for participants who need financial support, with program advisors providing guidance on availing loans from financial institutions. All fees are non-refundable, and any additional costs due to changes in government taxes during the programme must be borne by the participants.
Fee Structure
Payment options
Financing options
Financial Aid
Learning Experience
The Post Graduate Certificate Programme in Family Business Management & Entrepreneurship offers a dynamic learning experience that combines theoretical knowledge with practical application. The programme employs a variety of teaching methodologies including case studies, discussions, assignments, and projects that encourage active participation and application-based learning. Simulations play a crucial role in refining analytical skills, enabling participants to analyze problems from multiple functional perspectives. The programme culminates in a capstone project where participants apply all acquired knowledge to a real-life business scenario, integrating various aspects of their learning. Progress is continuously assessed through quizzes, assignments, tests, and examinations, with participants required to achieve a minimum score determined by the institute to successfully complete the course. This comprehensive approach ensures that learning is not just theoretical but is immediately applicable to real business challenges, particularly those unique to family enterprises.
University Experience
IIM Indore provides a rich university experience through its prestigious academic environment and comprehensive resources. As one of the top 5 IIMs in India and among the top 100 MBA schools globally, the institute offers access to world-class faculty and cutting-edge business education. Participants in the Post Graduate Certificate Programme in Family Business Management & Entrepreneurship benefit from IIM Indore's triple crown accreditation (AMBA, AACSB, and EQUIS), a distinction held by only 1% of MBA schools worldwide. Upon successful completion of the programme, participants become eligible for Executive Education Alumni status, which provides valuable benefits including access to the IIM Indore campus library, an official email ID, an ID card, and regular communications from the institute. This alumni status facilitates networking opportunities with a diverse community of business leaders and professionals. The on-campus modules provide immersive learning experiences where participants can engage directly with faculty and peers, creating a collaborative environment that enhances the overall educational experience.
Testimonials
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About the University
Established in 1996, IIM Indore is the sixth Indian Institute of Management and is located in Indore, Madhya Pradesh. Recognized as an Institute of National Importance under the IIM Act 2017, it offers a range of management programs including the Post Graduate Programme in Management (PGP), Executive Post Graduate Programme in Management (EPGP), and the Integrated Programme in Management (IPM). The institute is known for its rigorous academic standards, innovative pedagogy, and strong industry connections.
8
NIRF Management Rank
1316
Total Students
193 acres
Campus Size
Affiliation & Recognition
Institute of National Importance
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Association of MBAs (AMBA)
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Association to Advance Collegiate Schools of Business (AACSB)
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European Quality Improvement System (EQUIS)
Faculties
These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.
Instructor
Programme Director
Punyashlok Dwibedy has completed his Ph.D. from the Indian Institute of Management, Ahmedabad in Strategy. His thesis explores the factors impacting firms’ technological choices and how these choices affect firm performance. Prior to joining IIM Indore, he worked as an Assistant Professor at Ahmedabad University from August 2021 to May 2022. He has also worked as Manager-Corporate Business in HDFC ERGO General Insurance from 2014-2016 in Hyderabad. Punyashlok holds a bachelor’s degree in Electrical and Electronics Engineering from the Biju Patnaik University of Technology, Rourkela, and a Post Graduate Diploma in Management from IMT, Nagpur. He is a native of Odisha and has his parental home in Cuttack. His research interests include innovation and technological choices of firms, combination of innovation practices affecting firm performance, and entrepreneurship. His publications include “Informal competition and product innovation decisions of new ventures and incumbents across developing and transitioning countries”. His teaching interests include Technology and Firm Strategy, Strategic Management, Strategy and Innovation, and Entrepreneurship in Emerging Markets. He has co-authored a case on the acquisition of a foreign firm by an Indian family business, named, “Tega Industries: The South Africa Acquisition” published by the IIM Ahmedabad Case Centre and available on Harvard Business Cases Store. The case has been awarded the “Madan Mohanka Research on Internationalization of Business Award” for the year 2021 at IIM Ahmedabad.
Career services
The Career Development Services at IIM Indore provide comprehensive support for placements through a structured process. The institute organizes pre-placement talks, recruitment drives, and extensive industry interactions. In 2024, IIM Indore achieved a placement rate of 100%, with participation from over 150 recruiters across various sectors including consulting, finance, and technology.
100%
Placement Rate
25.68 LPA
Average Package
100 LPA
Highest Package
Course Start Date:
Starting soon
Application Deadline:
To be announced
Duration:
12 Months
₹ 4,50,000
Frequently asked questions
Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.