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I transform my family
business into a powerhouse
Bring your entrepreneurial vision
to reality with our
PG in Entrepreneurship &
Family Managed
Business
Duration
Every Month, Study for 1 Week on the Mumbai Campus followed by 3 Weeks at your Own Family Business.
Eligibility
Graduate from any recognized university. Should own a business or should be an active member of family business. Final year graduating students can also apply.
Program fee
The fee is ₹7 lakhs* plus applicable GST.
Overview of the Program
Founded in 1977, Prin. L. N. Welingkar Institute of Management Development & Research, now known as WeSchool, has launched a cutting-edge PG in entrepreneurship & family-business management program designed for the next generation of leaders eager to elevate their family businesses to new heights. This program is your gateway to mastering the art of creating groundbreaking ventures while seamlessly managing the intricate dynamics of family-run businesses. The PGP in Entrepreneurship aspect of the program focuses on innovative business creation, while the family business management course covers critical areas such as innovation, business strategy, finance, and marketing, while also addressing the unique aspects of family business management, including succession planning and governance.
Why Choose This Program?
Selecting the right program to advance your family business is crucial for sustainable growth and success. Our PGP in Entrepreneurship goes beyond traditional business education, offering practical strategies, personalised mentorship, and valuable industry exposure. Let’s dive into why this PGP in family business management program is a game-changer.
- Scale Your Business: Learn strategies to grow your profits 2X and expand your family business sustainably. Postgraduate diploma in entrepreneurship management
- Automation & Control: Develop a robust management system to automate and take control of every aspect of your business operations.
- Industry Exposure: Gain real-world insights through visits to SMEs, start-ups, and businesses in the service, retail, and manufacturing sectors.
- Personalized Mentorship: Benefit from individual faculty-student mentoring and guidance tailored to your business needs.
- Elite Learning Resources: Access MOOC courses from top institutions like Harvard and Babson, customized for your business requirements.
- Success Insights: Learn the success mantra of unicorn business start-ups and apply these principles to your family business.
- Networking Opportunities: Connect with alumni, fellow business owners, and experienced mentors to build a strong professional network.
- Family Business Focus: Engage in mentor-mentee sessions with WeSchool faculty, specifically designed to address the challenges of family businesses.
The PGP in entrepreneurship and family-managed Business is a comprehensive 11-month program combining theory and hands-on learning. It covers key modules, core subjects, electives, and practical projects, enabling participants to apply insights to their businesses in real time.
Program Curriculum
Our PGP in Family Business curriculum is meticulously crafted to equip you with essential skills and knowledge for managing and growing your family enterprise. The program encompasses various modules designed to address every facet of family business management, ensuring a comprehensive learning experience.
- Innovation Management in Family Managed and Start-up Businesses: Managing innovation and strategy in family-owned and start-up ventures.
- Business Management System: Core principles and systems for effective family business management and operations.
- Construction of Pillars for Successful Business: Building foundational elements for a successful family business management including procurement and vendor management.
- Streamlining Procurement & Distribution Activities in Business: Optimizing procurement processes and distribution activities for efficiency.
- Build Operations Skills (Service / Retail / Manufacturing / Real Estate, etc.): Develop operational skills across various industries for effective management.
- Digital Marketing: Utilizing digital tools and strategies to enhance marketing efforts and online presence.
- Financial Management and Fund Raising: Managing finances, controlling costs, and raising funds effectively for business growth.
- Emerging Technology: Leveraging new technologies and digital skills to advance business capabilities.
Ready to transform your family business? Apply now to the PGP in Family Managed Business and equip yourself with the skills and knowledge to lead your business to new heights. Start your journey today!
Admission Requirements
This program is ideal for first and second-generation entrepreneurs, offering valuable insights and strategies for family-managed business owners from a wide range of industry sectors. Whether you are an established business owner or someone looking to start your own venture, this program provides practical tools and guidance tailored to your needs. It is particularly beneficial for those operating across various verticals, helping entrepreneurs navigate the challenges of building and growing successful family businesses in today’s competitive environment.
Eligibility
The PGP- in Entrepreneurship and Family Managed Business is designed for individuals actively engaged in their family-managed businesses or aspiring to carry forward the legacy. Below are the key eligibility criteria and selection process:
Eligibility Criteria:
- The applicant must be a graduate of a recognized university or institution.
- Business owners or active members of a family-managed business (at least second generation) are eligible.
- Final-year graduates who are awaiting results can also apply.
- Applicants should demonstrate a genuine interest in continuing the legacy of their family business.
Selection Process:
- In-depth personal interviews to assess the applicant’s suitability for the program.
Insights on Entrepreneurship PG Program
Global Exposure
AAA Learning approach
Learning from International Management Gurus
Live industry projects
Ideal For
Next-Gen Family Business Scions
Budding Entrepreneurs – Aspiring Entrepreneurs
Business Family Millennials
About the Program
Welingkar’s Post Graduate Program in Entrepreneurship in Family Managed Business explores and analyzes best management, governance practices and family continuity challenges, including issues relating to first generation entrepreneurs. It’s designed for those of you, who are looking at making an existing successful business even more competitive. And also for those who are keen on creating business turnarounds or starting new ventures besides their existing ones. The Program structure is based on AAA Model (Acquisition, Application & Assimilation of Knowledge).
The PGP in Entrepreneurship and Family Managed Business consists of two semesters spread over a period of 11 months. In every month, one week is devoted to Acquisition of Knowledge, three weeks to Application of Knowledge in one’s own business and one day for Assimilation of Knowledge.
The AAA Model of Learning
The AAA model is a comprehensive learning framework that prioritizes active engagement and critical thinking, making it an integral part of the PGP in Entrepreneurship or postgraduate diploma in entrepreneurship management. It revolves around three core elements: Acquisition, Application, and Assimilation. Acquisition involves gaining a deep understanding of new knowledge and concepts. Application focuses on applying this knowledge to real-world scenarios and problem-solving tasks. Assimilation entails integrating the learned material into your existing knowledge base and understanding its broader implications. This cyclical approach fosters a holistic learning experience, enabling you to not only acquire information but also apply it effectively and develop a deeper understanding of the subject matter. This approach allows you to delve deep into the complexities of family businesses, apply what you have learned to real-world scenarios, and critically evaluate the effectiveness of your strategies. By adopting this approach, you can delve into the complexities of family businesses, apply your learnings to real-world scenarios, and critically evaluate strategies that help sustain your business over time.
Knowledge Acquisition
(1 week/ month)
Application-based learning taught by business experts (Bite-size batch)
Knowledge Application
(3 week/ month)
Practical implementation in your Business
Knowledge Assimilation
(1 day/ month)
Mentoring, discussion & feedback by Faculty Members
Japan Tour
The Japan tour is the crown jewel of our program, offering students an extraordinary opportunity to immerse themselves in Japan’s innovative business landscape. This exclusive experience not only provides a deep dive into cutting-edge business models and practices but also enhances your global perspective by exposing you to international market trends. Network with top-tier professionals and industry leaders, and gain firsthand insights into global business strategies. This optional tour, which involves additional costs, is a gateway to enriching your career, expanding your professional network, and experiencing a new cultural and business environment that can set you apart in the global marketplace.
How to Apply for PG in Entrepreneurship Management?
Here’s a step-by-step guide for applying to the course:
- Visit Our Website: Scroll up on our website.
- Fill Out the Form: Locate and complete the application form available on the site.
- Submit the Form: Submit your filled-out form.
- Interview with Experts: Participate in an interview with our experts and faculty members.
Get Guidance: Our team will review your submission and guide you through the next steps.
Your Learning Experience
- Improve productivity of existing operations without financial investment
- Business Improvement Program, Individual Expert Business Mentors will be assigned to work with you in your business to improve its functionality before the main program starts.
- Help in analyzing own company's financial statements & opportunities for improvements
- 7 days a month to ensure business can go as usual
Faculty and industry expert
Testimonials
Frequently Asked Questions
Questions Asked by Students
Have Any Questions?
Students frequently ask questions to clarify doubts, seek guidance, or deepen their understanding. These inquiries contribute to a dynamic learning environment where knowledge is actively exchanged and enhanced.
Entrepreneurship management is the process of planning, organizing, directing, and controlling the activities of an entrepreneurial venture. It involves identifying business opportunities, developing a business plan, acquiring necessary resources, and leading the execution of the venture.
The Post Graduate program in Entrepreneurship & Family Business Management with a post-graduate diploma in entrepreneurship management is designed to be completed in 11 months. This intensive duration includes a comprehensive curriculum that combines classroom learning with practical experiences, ensuring that you gain the essential skills and knowledge needed to excel in entrepreneurship and manage family businesses effectively.
This program offers a comprehensive curriculum designed to equip students with practical skills and knowledge relevant to the industry. Key benefits include exposure to real-world challenges, opportunities for hands-on learning through internships and projects, access to experienced faculty and industry professionals, and a strong network of alumni and industry connections. Additionally, the program emphasizes leadership development, critical thinking, and adaptability, preparing graduates for success in a dynamic and competitive global market.
To apply for the PG in Entrepreneurship & Family Managed Business Management, applicants must have a graduate degree from a recognized university and be actively involved in their family business, preferably as a second-generation member or beyond
While there are no formal academic or professional requirements, having a bachelor’s degree and work experience can make your application stronger and help you grasp the course material better.
This program is designed to be completed on a full-time, in-person basis. Currently, there are no part-time or online options available.
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