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Indian School of Business Launches MFAB

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ISB Launches MFABIndian School of Business (ISB), known for pioneering innovative management programs in India, has declared launched its new program aimed at nurturing India’s family-run businesses, Management Program for Family Business (MFAB) on Monday.

The program was inaugurated at the hands of prominent leaders of Indian family business groups, Adi Godrej and Sunil Kant Munjal in the presence of key members from the ISB, Dean Ajit Rangnekar, Deputy Dean Deepak Chandra  and Professor Kavil Ramachandran. MFAB has been specially designed to groom the younger generation of family-owned businesses for leadership.

MFAB will focus on enhancing analytical and functional skills, strengthen strategy and leadership as well as bring to the fore solutions to unique family business related challenges. “We believe that there exists a huge need for a top-notch global programme for grooming the future leaders of family-owned businesses. MFAB aims to fill this gap by providing a structured learning platform that will help young family business scions navigate and grow their businesses in a hyper-competitive and globalised business environment. Nurturing India’s family-run businesses will eventually contribute to the entire nation building process,” said Dean Ajit Rangnekar in his address.

“Family-owned companies around the globe are currently facing unique challenges as they navigate a highly competitive business environment – developing their next generation leadership and managing succession, governance, generational struggles around business strategy and professionalisation. We believe that MFAB will play a crucial role in addressing these complex challenges,” said Professor Kavil Ramachandran.

Spread over a span of fifteen months, MFAB will have the content and rigor of top global Masters in Management programs, contextualised to the needs of family businesses. It will be delivered in modules of seven days, every sixth week at the ISB campuses in Hyderabad and Mohali. Participants can travel from any location due to the modular structure of the program. The program will provide an opportunity for international immersions in USA, Africa and China.

The admissions for the program will begin on January 01, 2013 and the first batch will commence in August 2013.  The selection and admission criteria are as follows –

  • Participants are required have a Bachelors Degree or an equivalent qualification (like CA, etc.).
  • Prior work experience of 4 years is recommended, though is not the prerequisite
  • Applicants will be required to appear for the Business Aptitude Test (BAT), and appear for a personal interview.

Interested candidates can visit the official site of MFAB for further information and submitting online application to participate in the program.

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