Globsyn launches institute for family-business

As the Indian economy grows at a fast pace,based largely on a conglomeration of family business ranging in size from micro to large multinational corporations,there is a profound lack of serious and in-depth research into family businesses,and the host of issues faced by them,for instance,reasons as to why a large majority of family firms don’t survive up to the 3rd generation; why are there generational issues in technology investments and change management; reasons for successful cousin consortiums; or why some businesses survive multiple generations and still hold majority stake in their organizations?

The AIFB is being projected as an institute focused on enabling the entrepreneurial growth of family firms and fostering the understanding of unique challenges and opportunities being faced by family run businesses,more so in the SME sector.

Its is being claimed that the curriculum for AIFB programs apart from being developed to promote ‘hands-on’ learning,where individuals are expected to be exposed to the nuances of running their own businesses or interpreting data from their own businesses.

Bikram Dasgupta,Chairman and CEO,Globsyn Group,opined “In many of my discussions with Family Business Owners,a huge latent gap on higher structured education for Entrepreneurship in general,and Family Business in particular,came about. I also felt,that in a world,where 80% businesses are driven by family and entrepreneurial instincts,there is a strong need for research based,business cases driven,education edifice. We will make AIFB as the ‘singular’ platform,for all Entrepreneurial and Family Business Research and Education,in Asia”.

AIFB claims to have forged alliances with some the Family Business Institute,North Carolina,USA; The Lyles Centre for Entrepreneurship and Innovation,California,USA; Institute of Applied Entrepreneurship,Coventry University,Coventry,UK and the Family Firm Institute,Boston,USA.