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The SPJIMR/S.P. Jain Institute of Management and Research has initiated a significant initiative to empower women in family business. The institute is preparing to introduce its groundbreaking "Ladies in Family Enterprise (LiFE)" program. The launch is scheduled to start on September 3, 2024. This program represents a significant step in taking into consideration the unique challenges and opportunities faced by women in family-owned companies. After completing this program, participants will receive a certificate of participation from SPJIMR.
The LiFE program is designed to provide women from business families with the exact knowledge and tools that they need to excel in their family business. They are also free to start their ventures. This program spans four months. The program provides a hybrid learning format, holding sessions twice a week and integrating both online and offline components. This flexible structure makes sure that participants can engage in learning in their daily lives.
This program's curriculum covers a broad range of topics that are critical for managing family businesses. It includes business dynamics, family relationships, and entrepreneurial strategies. Experienced academicians, industry experts, exporters, and successful alumni lead this program. This LiFE program aims to offer practical insights and strategies that participants can directly apply to their businesses. The structured approach of the LiFE program not only equips participants with good business skills but also builds their confidence and empowers them to take on significant roles within their family businesses.
Professor Tulsi Jayakumar, Executive Director of the Centre for Family Business and Entrepreneurship (CFBE) and Chairperson of the Post Graduate Program in Family Managed Business (PGPFMB), emphasizes the program’s transformative ability. Professor Jay Kumar states, “Ninety percent of businesses in India are family-owned. Women in these families often play a silent yet crucial role. Life aims to uncover these hidden gems by providing structured learning about the business landscape. The goal is to equip participants with the knowledge and skills necessary to operate a business while building their confidence and empowering them within family enterprises.”
This focuses on nurturing the potential of women in family businesses. By providing a detailed education that addresses both business management and family dynamics, the program will prepare women well to make meaningful contributions to their family businesses.
The LiFE program’s curriculum is crafted to address various rules for women in family businesses. Participants will get to explore foundational business concepts, management, financial oversight, and leadership development. This program also emphasizes the importance of understanding family dynamics and how they intersect with business.
The hybrid learning format also allows participants to attend from both in-person, interaction, and online resources. This combination of learning methods ensures that participants can engage with the material that is best suited to their professional and personal schedules. These sessions are designed to be interactive and practical. This will incorporate real-world cases, studies, and situations that reflect the unique challenges faced by family businesses.
One of the standout features of the LiFE program is its flexible structure. This is designed to accommodate the busy lives of participants. The sessions will be held twice a week and they will be a mix of offline and online formats. This program offers a balanced approach that can accommodate participants' existing commitments. This flexibility is very important for women who are balancing their responsibilities with their professional aspirations.
Moreover, the program also offers a supportive learning environment where participants can connect with peers, mentors, and industry. Experts. A network of support will be valuable for women who are navigating the complexities of family business and seeking guidance on various aspects of business management.
The SPJIMR LiFE program is open to women from business families, who meet the following criteria:
Interested participants can apply through the online admission portal. The SPJIMR application form 2024 process is straightforward and interesting. Participants are encouraged to submit their applications as soon as possible to secure a place in the program.
This program is more than just a business education course, it represents a strategic initiative to build a legacy of leadership within family companies. By providing women, and students with the skills and confidence to lead, SPJIMR will contribute to the growth and sustainability of businesses in India.
Participants who complete the program will not only gain valuable business knowledge but also receive a certificate of participation. This certification is a testament to their commitment to professional development and their willingness to take on leadership roles within their family entities.
As the LiFE program prepares for its launch, SPJIMR is looking forward to its impact on participants and their family businesses. This institute holds the program's vision as a model for future initiatives aimed at supporting women and family businesses. Future expansion can include specialized modules, additional support services, and collaboration with international organizations. This will enhance the program's reach and effectiveness.
By giving life to empowerment and innovation, SPJIMR’s LiFE program aims to make a lasting impact on the landscape of family businesses in India. The program’s approach to business education and leadership development will ensure that women are well-equipped to drive success in their family enterprises. Consequently, they make a significant contribution to the wider business community.
With the inaugural batch starting on September 3, the LiFE program represents a new chapter in women's journey, which will be a definition of empowerment and strengthening family businesses. These participants will play an important role in shaping the future of their family companies and contributing to the broad success of India’s businesses.
