Promoters of family-owned companies join management classes
The off programme had around 50 businessmen, whose combined turnover is around Rs10,000 crore
Hyderabad: It is said that life is a continuous process of learning. But very few of those in the old age would be ready to change or admit that what they had pursued was far from perfect. Nevertheless, a group of businessmen from family-run companies in Hyderabad have proved it wrong, by enrolling themselves for an off-campus management course.
“Around 90 per cent of businesses in India are family-managed. Though we admire Ratan Tata for building Nano, we fail to notice the work of hundreds of suppliers most of them run by family-owned businesses which made produced spares at such an economical prices,” said Prof. Parimal Merchant, coordinator of Family Business Management programme, SP Jain Institute of Management and Research.
The business school has completed its first one-year long batch for this off-campus programme on Sunday. Organised in partnership with Mahesh Foundation, the programme had around 50 businessmen, whose combined turnover is around Rs10,000 crore.“I have been in business for the last 35 years or more. We had a slow and steady growth. But after enrolling for this course, I understood as to how many ways we can improve our business efficiency and increase profits,” said 72-year-old D.C. Galada, the managing director of Galada Power and Telecommunications Ltd, one of the major consultants for power transmission and distribution lines.
When asked about USP of FMP compared to a regular management course, Ramesh Partani of Ru Education, which runs a chain of pre-primary schools, says the management topics would be same in any programme. “But this off-course doesn’t make us stay away from our businesses for a long time as a regular course does. Also our faculty teaches us in the language that we understand.”
While most of the participants joined on their own, some were persuaded by their children to get them into the same wavelength. “Though sons might have had a management degree, they would still have to take father’s permission to make any changes in the way the businesses are operated. So they convinced their fathers to join the course to expose them to the modern management practices,” said Vinay Saboo, the MD of Saboo Motors, which runs car and truck dealerships.
Siddharth Bang of Bang Papers, one of the major suppliers of paper broads, had completed on-campus FMB in Mumbai. But he joined the course along with his father Narayan Das Bang, and his brother Sudharshan Bang.Claiming that he has learnt things that he didn’t never earlier, Mr Narayan Das feels this would surely help him in understanding new ideas and concepts.
( Source : dc correspondent )
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