Family Business Management
Education is one of the strong and accomplished areas of SPJIMR’s
management education for family business
Karachi, October 17, 2012: The Institute of Business Administration
(IBA), Karachi and Bharatiya Vidya Bhavan’s S. P. Jain Institute of
Management and Research (SPJIMR), Mumbai, announced today the
initiation of first joint Executive Education program for family
businesses in Pakistan. First workshop of the series of ten
workshops on Managing Family Business – “What is the job of Top
Management?” commences on Oct. 19th & 20th, 2012 at IBA, Karachi
hosted by Center for Executive Education (CEE) IBA, Karachi. This
program is result of MoU signed between IBA, Karachi and SPJIMR,
India on August 3, 2012 aimed at strengthening the quality and array
of executive education programs available to Pakistani students and
Members of family businesses in Pakistan.
The series of ten workshops under the title “Managing Family
Businesses” brings to Pakistan SPJIMR’s unique expertise in Family
Managed Business Education focusing on enabling the family
businesses to get on the fast track growth. This series of workshops
is designed for the owners who also are managing the business. It is
a modular workshop series that would run for 10 months covering one
weekend – Friday (Half Day) and Saturday (Full Day), once a month.
It is focused to address the concerns about adapting to the emerging
opportunities and managing the growth. The workshops aim at
providing a guided opportunity to the participants to reflect on
their current style of running business, to identify the new
elements required for gearing up for the change and to start working
on the same. It involves structured work in all the three areas of
Knowledge, Skill and Attitude.
Dr. Ishrat Husain, Dean & Director IBA, Karachi commented, “Family
Businesses in Pakistan have either been expanding or closing down or
facing operational difficulties. We haven’t yet been able to make a
systematic study of the factors that influence these different
outcomes. SPJ Institute of Management & Research is a regional
leader in training and developing case studies on this subject in
India. We wish to benefit from their expertise and experience to
train our family business managers and also develop our knowledge
base. I am grateful to the Institute for collaborating with us and
making this happen. We hope this would be a long term partnership
which would be mutually beneficial to both the institutions.”
Dr. M L Shrikant Hon. Dean SPJIMR said, “We are excited at the
possibilities emerging from the signing of MOU between SPJIMR and
IBA. Both the countries share similar culture as far as family
businesses are concerned. With our experience of running a special
management program for Family Managed Businesses for over 15 years
now, we believe this MOU opens up the possibilities of sharing these
learning with family businesses in Pakistan and in turn learn from
them about their practices. We believe this academic exchange and
family businesses will contribute in building better relation of
mutual trust and confidence between our two nations. IBA is a great
institution and we are confident of building strong programs jointly
with them.”
The first program has been very well received as the first session
was attended by the audience of over 250 business owners with their
family members & business partners. The participants were from SMEs,
manufacturing companies, consultants, services, high-street
businessmen as well as education providers. Participants include
Business Owners, Directors, CEO’s, Senior Leaders, Sons, Daughters &
Wives of family businesses and business partners.
SPJIMR has over the time built on its one of its key educational
areas i.e. Family Managed Business where it offers Post Graduate
Degree Programs and specialization in different aspects, Owner
Managed being one. After a successful session of Prof. Parimal
Merchant (Director- Center for Family Managed Business at SPJIMR) at
IBA on 11th July where he addressed the audience of local
businessmen, IBA and SPJIMR inked MoU to bring SPJIMR’s expertise to
Pakistani businessmen.
It is among one of the many IBA’s endeavors which is in line with
IBA’s aim to be ranked among top 10 Business schools in South Asia
and top 100 in the World. For the sake Center for Executive
Education at IBA is collaborating with world’s leading business
schools as it aims at bring researched based management learning to
executive education in Pakistan to make it relevant and applicable
in the local scenario.
About IBA, Karachi:
IBA is the oldest business school outside North America. It was
established in 1955 with initial technical support provided by the
world famous Wharton School of Finance, University of Pennsylvania;
later, the University of Southern California set up various
facilities at the Institute and several prominent American
professors were assigned to the IBA. Till 1994, the University of
Karachi awarded degrees to the graduates. In that year the Sindh
Assembly elevated the Institute's status to that of a
degree-awarding institution. A bill is pending in the Assembly for
conferring the status of a University to IBA. IBA recently entitled
“SAQS ACCREDITED” quality label.
Website:
www.iba.edu.pk
About SPJIMR, India:
BharatiyaVidyaBhavan’s S.P. Jain Institute of Management and
Research (SPJIMR) is one of the premier business schools in the
country. Since its inauguration in 1981 by the then British Prime
Minister the Rt. Hon’able Margaret Thatcher, it has been
consistently recognized as one of the top 10 business schools in
India.
SPJIMR grew rapidly in eminence from one of the three B-schools in
Mumbai in 1981 to one of the top ten B-schools in the country by
1994-1995. The bold move to disaffiliate SPJIMR from the then Bombay
University to have freedom in course curriculum, pedagogic
innovations and pioneering programmers in socially under managed
sectors was a beginning of its journey to achieve the mandate it has
given itself in terms of unique innovative and distinct path in
management education. The institute has an enviable track record of
recognizing the needs of society, especially the under managed
sectors, and responding with quick and appropriate responses.
Website:
www.spjimr.org
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