Entrepreneurship in the business context is the process of creating or spotting a business opportunity, making substantial investment, often more than the financial resources available with the entrepreneur, formulating strategy to expand the business and continuously repeating the opportunity-investment-expansion cycle. Entrepreneurs at different points of their entrepreneurial journey directly involve in managing business and hence a broader understanding of business management is useful. Family business is an existing business build by some family members who were entrepreneurs at some point of time in the past. The opportunity- investment-expansion cycle is also relevant for the family businesses. Since family members directly participate in the management of business, a broader knowledge of business management is useful in running successful family business. Management Programme for Entrepreneurship and Family Businesses (MPEFB) aims to provide inputs that are relevant for entrepreneurs and members of family businesses in creating and managing new business as well as existing businesses.
India with changing economic environment, demography, life style and economic development provides great business opportunities for entrepreneurs. Despite not so healthy global economic conditions, India is still attractive for many overseas companies to source services and components which are globally competitive both on cost and quality. Entrepreneurial activities increased in India dramatically and family businesses are equally growing in the last few years. Since most entrepreneurs and new entrants of family businesses have no experience in managing business, MPEFB gives them an opportunity to learn fundamental principles of managing businesses that are relevant to this group from one of the India’s top business schools. The programme is offered by the Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL) of IIM Bangalore. All successful candidates would be awarded a certificate issued by IIM Bangalore.