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Mumbai/Gurgaon, 19 February 2024 – The Great Lakes Institute of Management, Gurgaon, has launched the first-ever one-year full-time management program for entrepreneurs and those involved in businesses for generations. The Post Graduate Program in Family Business & Entrepreneurship (PGP-FBE) focuses on nurturing the next generation of business leaders and is built around Great Lakes’ Flagship PGPM program. While helping develop core management skills and competencies with guidance from world-class faculty, the program also addresses the challenges faced by generations of business owners and entrepreneurs in scaling up their businesses, with mentorship from entrepreneurs, business leaders, and venture capitalists. The PGP-FBE also minimizes participants’ time away from their generational businesses or entrepreneurial ventures with its 1-year format.
Announcing the launch of the program, Dr. Debashis Sanyal, Director of Great Lakes Gurgaon, said, “Great Lakes is known for its innovative programs, and the Family Business & Entrepreneurship Program uniquely offers rigorous and comprehensive management learning with a practical approach to dealing with real-world problems for young business owners and entrepreneurs. With close guidance and mentorship by faculty and industry leaders, participants can apply their learning in their businesses and have a positive impact.”
Dr. Jones Mathew, Program Director, PGP-FBE, said, “Generational businesses are drivers of our economy, and while they are quite innovative, they often are held back in scaling up due to lack of professionalization of management. The PGPM-FBE is designed to help next-generation family business owners and entrepreneurs manage business growth, inculcating the best business practices within their businesses while building strong leadership capabilities.”
The program’s curriculum covers essential business principles. It includes modern technologies like AI, Machine Learning, and Analytics, apart from the important core areas of management like Finance, Marketing, Operations, HR, and Strategy. This will ensure that participants are equipped with all the skills needed to thrive in today’s changing business world and prepare their businesses for new opportunities and challenges brought on by the technology shifts.
The program also includes an international immersion program in Europe to provide a global perspective. This program aims to give participants a broader understanding of international business practices and how they can leverage global perspectives to elevate their businesses.
The program emphasizes practical learning through fully mentored live projects that address real business challenges. These projects are mentored by a CXO, founder, or functional heads of different companies. This hands-on approach helps participants gain theoretical knowledge and practical insights, improving their problem-solving abilities.
Mr. Gautam Lakhamraju, Director – Admissions & COO, Great Lakes, said, “The introduction of the PGP-FBE is another milestone in the institution’s commitment to providing practical and innovative education for emerging leaders involved in generational businesses and entrepreneurship. As a fast-growing economy, India has seen a tremendous growth of entrepreneurship ventures over the past few years. The program is a response to the changing demands of the business world and a dedication to preparing individuals for success in these areas.”
Applicants need a recognized undergraduate degree with a minimum score of 50% to be eligible for the program. They should also be associated with a registered Family Business or show an entrepreneurial interest. Additionally, candidates need to have a valid CAT, XAT, GMAT, or NMAT score or can take the Great Lakes Aptitude Test (GREAT) to apply for the PGP-FBE. For more information, refer to the Great Lakes Institute of Management, Gurgaon, website at www.greatlakes.edu.in/gurgaon/pgp-fbe.