Exponentia - Program for Family Business, Entreprenuership and Innovations
Has been set up to nurture and scale the family-owned business, young entreprenuers, and innovators towards exponential growth. The legacy of the family businesses is to be preserved and nurtured, while the next-gen craves to leave their own indelible mark on the heritage.
AIM AND OBJECTIVE OF THE PROGRAM
HARD FACT
Not more than 54 percent of family-owned-managed-businesses survive beyond the first (founder) generation, and only 3 – 4 percent businesses last till the third generation.
Exponentia has been thoughtfully conceptualized to add wings to the dynamic next-gen. It is a holistic learning experience while imparting leadership instincts for the real world. It will facilitate the development of an appropriate acumen to identify these issues, create opportunities and overcome risks while making key business decisions.
The courses are a perfect blend of core management principles with strategic thinking and leadership. They build analytical thinking with an exclusive, in-depth view of the world of family businesses and entrepreneurship. Carefully crafted to enhance the leadership skills of the participants, the courses will play an active role in fuelling the growth of the family business, startups, and young innovators to emerge as an added asset to their existing business.
HIGHLIGHTS OF THE PROGRAM
HIGHLIGHTS OF THE PROGRAM
- One-week engagement per month at Prestige Exponentia in the physical mode for 12 months.
- Additional 3 months of concentrated hand-holding on a specific domain in family business management.
- Premium program thoughtfully developed with a curated blend of classroom learning and induction.
- Three weeks of engagement per month at the participant’s workplace for 12 months in the form of application exercises and practical exposure.
- Mentors meet to be organized every third month to analyze participant’s progress.
- Incubation facility provided through Prestige’s Atal Incubation Centre after Graduation.
- Helps the next generation to be inducted into the family business smoothly and successfully and develop their enterprise vision of the growth of the enterprise.
- Global exposure to take a Family business/ Venture/ Startup to new heights.
- Sessions by the top experts on FMB program in the industry and academia.
Semester I
Personality Growth Lab
Financial Accounting and statement analysis
Family Governance
Economics for Business
Family Dynamics - Values and Vision
Family Dynamics - Induction and Working Together
Identifying Risks and Opportunities in family businesses
Branding and Business Development for Family Business
Cost Management for Family Businesses
Managing People and Teams
Semester II
Innovation and Entrepreneurship
Financial Management for family businesses
Operations and Supply Chain Management
Family Dynamics - Succession Planning
Legal and Taxation Issues in Family Businesses
Business Plan Development for expansion or new ventures
Blending with the Digital Era
Project Management
iBizSim (Business Simulation)
Managing People and Teams
PROGRAM DETAILS
One-year-long program with classroom sessions one week a month.
The unique structure of the program gives participants the flexibility to continue to be involved in their existing Family Business and upgrade their learning. The participants will get an additional 3 months of concentrated hand-holding on a specific domain in family business management.
The curriculum is specifically designed to address the key needs and challenges of entrepreneurship and family business.
- Demonstrate knowledge, skills, and attitudes required for management within a family business, Startup.
- Develop professional management concepts for strengthening their business performance.
- Understand your role within the context of your family business and startups.
- Nurturing effective business and family relationships.
- Identify and solve the complexities and importance of growth along with regeneration in relation to family businesses and startups.
- Develop a global perspective.
- Understand the importance of succession planning in the context of family businesses or startups.
More information
GLIMPSES OF PROGRAM COVERAGE
Exponentia brings uniquely crafted, high value, short term modules for effective and deep impact on productivity and performance. These will be conducted by top authorities of the domain.
GLIMPSES OF PROGRAM COVERAGE
Exponentia brings uniquely crafted, high value, short term modules for effective and deep impact on productivity and performance. These will be conducted by top authorities of the domain.
The Strategic Landscape
Most family businesses are involved in operational issues, often overlook the long-term landscape of the business they are in. Being aware of competition, the changing landscapes and preferences of consumers, and macroeconomic factors that govern business are certain aspects that help create a long-term vision that ensures growth, stability
and sustainable profits.
Facilitator: Prof. S V Prasad
Dates:
Phase 1: March 10-11 2023 (Friday & Saturday)
Phase 3: April 7 – 8 2023 (Friday & Saturday)
Decentralization and Accountability
Most family businesses that are not completely corporatized face the dilemma of delegation of responsibility and thereby making employees accountable for deliverables. Proper training followed with entrusting responsibilities and eventually making managers accountable for outcomes is often a grey area that family businesses struggle with.
Facilitator: Prof. Vijay Sampath
Dates
Phase 1: April 21-22 2023 (Friday & Saturday)
Phase 3: May 19-20 2023 (Friday & Saturday)
Product Management
Streamlining the product life cycle, right from conceptualization to market positioning, pricing and Supply Chain Management, is an important part of building a strong base for goodwill and branding of business. An in-depth understanding and execution of product management can not only expedite systems and processes, but also create a sustainable roadmap to success.
Facilitator: Prof. Pranay Piplani
Dates
Phase 1: June 2-3 (Friday & Saturday)
Phase 3: June 30-Jul1 (Friday & Saturday)
Digitalization of Business
In the fast changing VUCA world, digitalization has become the key to business transformation. It is not just about converting all physical documents to a cloud platform. It is about integrating state-of-the-art technology to transform business operations that impacts all stakeholders. It requires an honest commitment for the entire organization towards a change in the mindset towards digitalization.
Facilitator: Prof. Kaustav Majumdar
Dates
Phase 1: Jul 21-22 2023 (Friday & Saturday)
Phase 3: Aug 18-19 2023 (Friday & Saturday)
Tax Planning for Family Business
A minor change in tax regime can affect businesses radically, thereby impacting share price movements. To implement tax-saving strategies requires a clear understanding of the changing taxation landscape and its impact on business. Also, not all businesses are impacted equally by changes in tax structures. This makes tax management even more interesting and crucial for all businesses. This course is about knowing how taxation policies can affect the bottomline of your business.
Facilitator: Prof. Pratima Jain
Dates
Phase 1: Sep 1-2 2023 (Friday & Saturday)
Phase 3: Sep 29-30 2023 (Friday & Saturday)
Phase I
Economics in Business
The module explains the key perspectives that economists have on the economic issues that affect people, businesses, markets, and governments.
Macroeconomics & Business Landscape
Understanding the economic context that businesses operate in is necessary for making wise business and economic decisions.
Managing Self (Seven Habits)
Covey’s concepts can actually help students to grow, change, and become more effective in really any other aspect of human responsibility that they might imagine.
Business Communication
The subject is intended to introduce the techniques and methods that will enable the participants to communicate to the company and/or its customers/stakeholders.
Managing People in Business
Maximise the potential of the employees for the organisation to prosper.
The participants will acquire the abilities needed to successfully manage and lead people through these modules.
Decision-Making under Uncertainty
The fundamental ideas, ideas, and methods of making decisions in the face of ambiguity are introduced in this course.
Managing operations-I
The function of operations in businesses in the industrial and service industries is examined from a broad management viewpoint in this course.
Managing existing customers
In addition to skills, knowledge, attitudes, and behaviours important to the participant's professional development, topics cover broad customer service principles.
Financial Accounting & Statement Analysis
The goal is to give a framework for evaluating a firm’s equity and for forecasting, assessing, and predicting its future performance.
Family Issue – Induction
This course aims to teach the participants how to approach complicated social problems from different angles. In order to organise complex material and ask insightful questions as the participants consider potential solutions to social problems, the participants will acquire an analytical framework.
Phase II
Getting New Customers
The participants will learn how to identify and categorise clients, as well as the various techniques used by marketing experts to understand how people decide what to buy.
Managing Operations – Il
It provides a thorough overview of the theories and methods used in planning and running operations.
Family Values & Vision
To make the participants understand the importance of family values and vision working together to ensure long-term happiness and prosperity, which are the fundamental goals of all people.
Business Strategy
The perspective adopted for this course is that of the top manager who has overall responsibility for the performance of the firm or of a business unit within the firm.
Business Negotiation
This course’s goal is to help the participants comprehend negotiation theory and procedures so that they can bargain effectively in a range of situations.
Taxation and Legal Issues
The course’s main goal is to give participants the knowledge and tools they need to comprehend and analyse the elements that affect businesses’ long-term economic performance.
Cost Management
The participants become familiar with the fundamental ideas and applications needed to calculate the costs involved in the manufacture of goods and the delivery of services.
Blending with New Technology
The extended meaning of technology followed by an overview of some of the major technological categories, their potential applications, and any associated problems.
Introduction to Family Governance
The course also covers the knowledge necessary to understand ownership patterns, various family governance issues
Family Issues - Working together
Varied family issues and their impact on business will be discussed.
Phase III
Being Grounded
Among many entrepreneurial traits essential for success an import role is played by our attitude towards success. This curriculum will try to make the participants understand the context.
Business Plan Generation
It is not possible to completely eliminate business risk. Consequently, establishing a plan for its administration is crucial. To understand the backbone of any startup we have Business Plan
Generation.
Change Management
The course explains different approaches to change process, as well as learning to appreciate the tools and techniques available, understanding the settings, and ultimately learning how to apply creative solutions to difficult circumstances.
IBizSim (Business Simulation)
The Business Simulation helps to apply problem-solving skills to complex business strategy scenarios that go further or cover more ground than those covered in the strategy course.
Field Visits (National & International)
In order to give the participants practical exposure field visit provide experiential learning.
Entrepreneurship & Innovation
The course will guide the participants towards recent focus of innovation towards entrepreneurship, environmental, health, cultural, communication, and technological challenges.
Taking Charge: Leadership & Succession
Leaders frequently transfer their authority in a line of succession, which has an immediate effect on everything they are in charge of. Explore the reasons why leaders change, the effects on organisations, and opposition process theory.
Business/Role Plan
Practical exposer is primarily an important aspect of learning. The content will be helping student understand the concept taught practically
Entrepreneurial mindset
An entrepreneurial mindset will assist the participant in acquiring a set of abilities that allow individuals to recognize and seize opportunities, overcome obstacles and learn from failures, and flourish in a range of contexts.
Family Issues - Next Gen. Issues
Along with understanding of succession planning, our budding entrepreneurs need to understand about next-generation traits that a business successor should be able to acquire.
