Family Managed Business at Mumbai India

An Ateneo Graduate School of Business Advantage

This is from S.P. Jain Institute of Management and Research from Mumbai India, the Family Managed Business, which according to the speakers is where real entrepreneurship take place.   The FMB shortcuts the ordinary entrepreneurship, by the book process:

Family Managed Business

l.  FMB is the result of attitude and lineage  (the family inherits the business, keep it within the family)
2.  Bypasses the primary stage (no start ups)
3.  Inhouse incubation (funding comes from the father, including mentoring and other support, the house)
4.  In house angel investor,
5.  Quantum leap
6.  Accelerated result.

If ME prides itself in enrolling the student and the busness.  this Institute prides itself for having grown from its inception in l997, from a size of l6, to 300;  involving 2,000 business and employing more than  l00,000.


New Meaning of CEO

There are various MBA programs:.

OMP    -  Owner Management Program
BEP    -   Business Excellence Program
WMP  -   Women Management Program (the wife is the CEO Chief Emotional Organizer when the father and son quarrel)

This makes a lot of sense in PHL where majority of business are FM (Family Managed)   Remember that whenever Prof. Ricky Mercado does a seminar on Managing Conflicts on Family Managed Business, it was oversubscribed; and he usually did short courses only?

We should recognize the reality of FMB too in the PHL?

No wonder India is part of BRIC!!

I just read that FMBs control about 30% of business through out Asia.  However, they are being bothered by family feud.  The story about the mother being the CEO is true.

There has to be better way of managing FMB.  Their operation is neither by law or management science