Mumbai: SVKM’s Narsee Monjee Institute of Management Studies, one of the top 10 B-schools of the country which was awarded ‘Deemed to be University’ status by MHRD in 2003, has announced the launch of its twelfth school ‘Pravin Dalal School for Entrepreneurship and Family Business Management’ at its Mumbai campus from the coming academic year.
While making the announcement of the new school, Dr. Rajan Saxena, Vice Chancellor – NMIMS said, “Family-owned businesses have played a crucial role in the economy of our country. Much of the retail t rade, the small-scale industry and the service sector are run by family businesses. Further, family-managed businesses employ half the world’s workforce and generate well over half of the world’s GDP. With time, the contribution of family businesses has gone beyond simply paying taxes and employing people. Most of the business families face unique management challenges because of the difference in the attitude and aspiration of family members. As new generations join the business, it is an enormous challenge to keep the family and business together. And the key to this is, Pravin Dalal School for Entrepreneurship and Family Business Management.”
He further said, “Being pioneers in the segment for more than 15 years, we will help family businesses and entrepreneurs to meet emerging needs in the growth and emergence of India as a strong nation.”
Pravin Dalal Centre for Entrepreneurship and Family Business Management was established to assist family-owned firms to be in line with professional organizations and has been ranked in top 10 in the Country in ‘Entrepreneur B- School Survey 2017 – The Best Business Schools’.
Pravin Dalal Centre is rated very high for having a separate, focussed centre for entrepreneurship, providing cross discipline opportunities, activities undertaken to promote and nurture entrepreneurship, startups and new initiatives by students and for its faculty with entrepreneurial experience. Pravin Dalal Centre for Entrepreneurship and Family Business with an alumni base of 1800 plus has been given the status of independent school and named as Pravin Dalal School of Entrepreneurship and Family Business Management.
Prof. Seema Mahajan, Director of the Pravin Dalal School says, “We believe that entrepreneurship can be a powerful force within organizations of all types and sizes, in established business as well as new ventures. In any industry, in any position, it takes Entrepreneurial thinking and relative action to solve problems and make an impact.”
“The focus of the courses offered, ranging from 32 weeks going to 2 years full time MBA and recently launched Integrated MBA (5 years) post 12th, remains on deeply understanding and appropriately delivering to Indian Family Businesses a strategic path to transform and grow their business while they play an important role in India’s growth,” adds Prof. Mahajan.