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
Showing posts with label family managed business. Show all posts
Showing posts with label family managed business. Show all posts
Thursday, February 2, 2012
Many New Teaching Tools/ Methods for Teaching Entrepreneuership at REE
An Ateneo Graduate School of Business Advantage
Was I glad that I was sent to this REE conference (Roundtable: Entrepreneurship Education sponsored by Stanford University Venture Technology Program held in Shangrila Hotel. Bangkok. Thank you Dean Albert of AGSB. Teachers need to be taught new things, especially entrep teachers, since entrepreneurship is about having new things.
Yesterday, we talked about the role of Design in Entrepreneurship. Dr. Peter Kelly made us do a kitchen work, prepared dishes: salty and sweet based on materials he presented on each table centerd on strawberries. This was under time pressure. Time pressure and lack of resources are part of the entrepreneur's environment.
This was a follow up on the idea of Tina Sellig, Executive Director of SVTP, that entrepreneurship is an extreme sport: she made us do a prototype of new id, using colored paper, foil, rubber bands, scissors and scissors. I did not realize that new idea, ideation, prototyping could be stressful under a time pressure
Effectuation, Conversation Mapping and FMB
Today, February 2, 20l2, I learned:
l. Entrepreneurship Effectuation by Saras Sarasvathy of Virgiinia Darden Graduate School of Business;
2. Conversation Mapping a Problem Definition Tool by John Stayton, Director of Green MBA program and Venture Greenhouse ,Dominican University.
3. Imagination Projects: Megacities by Alistair Fee, Professor of Marketing and Innovation, Queesn's University Belfast, Ireland and Dr. Peter Russo, Director and Chairman of the Executive Board of Strascheg Institute for Innovation and Entreprerneurship, European Business School.
4. FMB - Family Managed Business of S.P. Jain Institute of Management and Research located in Mumbai India.
These are quite new ideas and change the way we think about teaching entrepreneurship. These will definitely improve the way we teach entrepreneurship. The lecturers/facilitators are high powered and knowledgeable experts in their field. I will discuss each one of them on separate posts each
Was I glad that I was sent to this REE conference (Roundtable: Entrepreneurship Education sponsored by Stanford University Venture Technology Program held in Shangrila Hotel. Bangkok. Thank you Dean Albert of AGSB. Teachers need to be taught new things, especially entrep teachers, since entrepreneurship is about having new things.
Teaching entrepreneurship with Strawberries and Kitchen
Yesterday, we talked about the role of Design in Entrepreneurship. Dr. Peter Kelly made us do a kitchen work, prepared dishes: salty and sweet based on materials he presented on each table centerd on strawberries. This was under time pressure. Time pressure and lack of resources are part of the entrepreneur's environment.
This was a follow up on the idea of Tina Sellig, Executive Director of SVTP, that entrepreneurship is an extreme sport: she made us do a prototype of new id, using colored paper, foil, rubber bands, scissors and scissors. I did not realize that new idea, ideation, prototyping could be stressful under a time pressure
Effectuation, Conversation Mapping and FMB
Today, February 2, 20l2, I learned:
l. Entrepreneurship Effectuation by Saras Sarasvathy of Virgiinia Darden Graduate School of Business;
2. Conversation Mapping a Problem Definition Tool by John Stayton, Director of Green MBA program and Venture Greenhouse ,Dominican University.
3. Imagination Projects: Megacities by Alistair Fee, Professor of Marketing and Innovation, Queesn's University Belfast, Ireland and Dr. Peter Russo, Director and Chairman of the Executive Board of Strascheg Institute for Innovation and Entreprerneurship, European Business School.
4. FMB - Family Managed Business of S.P. Jain Institute of Management and Research located in Mumbai India.
These are quite new ideas and change the way we think about teaching entrepreneurship. These will definitely improve the way we teach entrepreneurship. The lecturers/facilitators are high powered and knowledgeable experts in their field. I will discuss each one of them on separate posts each
Subscribe to:
Comments (Atom)