Great Lakes Institute of Management

Chennai City Office : Prince infocity II, Ist floor, 283/3, Rajiv Gandhi Salai (OMR), Kandanchavadi, Chennai - 600 096, Tel: +91 44 6699 9300 | Fax: +91 44 6699 9301

Chennai Campus : Dr. Bala V Balachandar Campus, ECR Road, Manamai, Tamil Nadu - 603 102Tel. : +91 44 3080 9000 | Fax : +91 44 3080 9001

www.greatlakes.edu.in

For all admission related queries, please write toadmissions@greatlakes.edu.in

ContaCt Us

Tel: +91 44 3080 9083

Mob: +91 78240 11222

admissions sUpport

/greatlakes.chennai

/GreatLakesIM

@GreatLakes_MBA

http://www.greatlakes.edu.in/blog

ConneCt with Us

Dr. Easwar Krishna IyerDirector-Admissionseaswar@greatlakes.edu.in

admissions direCtor

GLOBAL POST GRADUATE PROGRAM FOR FAMILY ENTERPRISES MANAGEMENT

powerfUl allianCes

The Family Enterprises Management Program brings cutting-edge research and strategic insights in leadership and entrepreneurship from both Great Lakes Institute of Management, Chennai, a consistently top ranked B-school in India and Babson College, USA.

world-Class CUrriCUlUm

The world-class curriculum prepares family enterprises leaders for the 21st century challenges. It is not best practices, but next practices that will sustain family enterprises on a strong growth trajectory.

pioneers in innovation

• Among pioneers in introducing One year MBA in India

• First Business School in India to offer full-time specialization in Analytics

• Ranked No. 1 by Analytics India Magazine for 4th consecutive year

• First to introduce AI & Machine Learning specialization

• First B-school in South Asia to have a LEED Platinum rated Green Campus

oUtstanding faCUlty

Learn from Great Lakes and Babson’s faculty who hold advanced degrees from the world’s most prestigious universities.

global alUmni network

Access to a global alumni network.

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the babson & great lakes edge

BABSON COLLEGERanked #1 in Entrepreneurship consistently for 22nd time.

Great Lakes was founded in 2004 by Dr. Bala V.

Balachandran with a vision of becoming the leading

Management Institution in India providing Quality Education

at an affordable cost and Human Capital for Emerging

Economies. Led by exceptional academic faculty, steered

by an outstanding advisory council and buoyed by the

international collaborations, Great Lakes has, within a

short span of 14 years, emerged as a top-ranked Business

school. In 2014, Great Lakes was accredited by Association

of MBAs (AMBA, UK) for its PGPM and PGXPM programs

in Chennai and became the youngest B-school in India to

receive this prestigious international accreditation. Great

Lakes offers an One year full time MBA for experienced

professionals, a Two year MBA with focus on Emerging

Markets, a Part time Executive MBA Program, a Weekend

Executive MBA Program, and specialised sectoral

management programs in Artificial Intelligence, Machine

Learning and Analytics.

Flagship One year MBA program ranked among the

top 10 in India by Outlook, Business Today and

Business World

Youngest Business School in India to get top

International Accreditation by Association of MBAs,

UK - AMBA (PGPM, PGDM, PGXPM and PGPM Flex);

South Asian Quality Assurance System – SAQS, and

National Board of Accreditation – NBA

World Class full time and visiting faculty from institutes

like Harvard, Kellogg, Stanford and Yale

Illustrious Advisory Council consisting of the who’s who

of Business and Academia

Academic alliances with world class institutes like IIT

Chicago, Babson, HKUST, University of Houston

30 Acre LEED Platinum Rated Green Campus

located just 8 kms away from UNESCO Heritage site

Mahabalipuram

aboUt great lakes

Today’s family enterprises require Innovation, Leadership, Resilience and Sustainability. To precisely address this Great Lakes Institute of Management, Chennai has collaborated with Babson College, MA, USA to offer an extraordinary 11-months Global Post Graduate Program for Family Enterprises Management. For the first time ever, world-class faculty from both Great Lakes Institute of Management, Chennai and Babson College, MA, USA will share their cutting-edge research and strategic insights to create a rigorous, relevant, and experiential curriculum. We aim to transform some of the sharpest and most enterprising minds of our country engaged in family enterprises to become future business leaders.

Your family has a successful business that you are now a part of. After your collegiate education, you’ve worked in the business for 2+ years. You have arrived at your next inflexion point and may have some of the following questions:

1. I have no other experience of working outside of the family business. Will this alone be sufficient to sustain and grow the business? Do I know everything that I need to in order to professionally administer and strategically advance the company?

2. How do I foster a work relationship with my cousins/other family members? We have to make tough decisions and may not always see eye to eye, but we need to keep the personal relationship intact at the same time.

3. How do I tell my parents that I don’t want to work in the legacy business or that I would like to explore a new business proposition?

4. I have an idea. What skillsets do I need to strike it out on my own with a new start-up?

5. Will I earn the respect and the support of the stakeholders of the family members? Will they support any changes I introduce into the system? Will they accept the new leadership or will they expect me to maintain the status quo and chug along? How do I handle these sensitivities?

A family enterprise, as you have by now appreciated, combines a unique set of personal and business circumstances. The family enterprise deals with far more issues than the average corporation and hence there is a need for specific, customized learning modules that will enhance skillsets as well as expertise.

In today’s competitive environment of rapid technological changes and quickly evolving industries, disruptive start-ups interrupt the best laid plans and forecasts of family businesses. They can scale up businesses that previously took incumbent family enterprise decades to build. Indian family enterprises need to proactively prepare for it.

With professors from both the institutions, case studies, and a professional network of thought leaders, the Family Enterprises Management Program will give you the tools, skills, and mindset to tackle volatility, uncertainty, complexity and ambiguity [VUCA] business environment and drive change in a sustainable manner.

As the leader of the family enterprises that is headed into the VUCA world of turbulent competition, it is important that you cultivate diverse skillsets. You will need to assimilate a wider spectrum of knowledge, expertise and relationships to augment your family business experience.

Academic elegance blended with Business Relevance is at the heart of our Family Enterprises Management Program. Moreover, a unique atmosphere of Gurukulam type of learning, set in rejuvenating and pristine surroundings in our state-of-the art LEED platinum rated campus at Chennai will give you all the answers you seek and place you on a trajectory of unprecedented growth and achievement. Sounds exciting? Well, come and join us and be the change that you want to see in your family enterprises!

dean’s messageProf. Bala V. Balachandran

J L Kellogg Professor of Accounting & Information Management, Northwestern University, Founder, Dean & Chairman, Great Lakes Institute of Management, IndiaFounder & Chancellor, Great Lakes International University

Note: The Family Enterprises Management Program does not have AICTE certification.

Established in 1919, Babson College with its central focus

on entrepreneurship education, has grown to be one of the

most prestigious colleges for entrepreneurship and has over

2100 undergraduate and 900 graduate students from across

the world enrolling every year. Located in the Wellesley

neighbourhood of Greater Boston, Massachusetts, the

school both strengthens and leverages the entrepreneurial

ecosystem flourishing in the city of Boston and offers

bachelor’s, master’s, and non-degree, as well as graduate

certificate programs. Babson is accredited by the

Association to Advance Collegiate Schools of Business

(AACSB) International, the New England Association of

Schools and Colleges (NEASC), and the EFMD Quality

Improvement System (EQUIS).

Ranked the best school for Entrepreneurship (MBA

Worldwide) by US News & World Report every year from

1994 to 2018

Ranked the best US College for International Students

by Forbes for its undergraduate programs in 2017

Ranked 1st worldwide among MBA programs in

Entrepreneurship by Financial Times multiple times

Ranked 3rd in Best Business Schools for

Entrepreneurship by Bloomberg Businessweek in 2018

Ranked 12th in the US and 36th Worldwide for Custom

Executive Programs by Financial Times in 2017

Ranked 9th for Best Career Placement in 2017 and

among top 50 schools that launch careers by Going

Beyond the Classroom by The Princeton Review of

Best Schools

Online MBA ranked 1st in Salary, 5th in US and 8th

worldwide by Financial Times in 2017

aboUt babson

Babson College’s mission is to educate leaders who create great economic and social value, around the world. Our teaching, pivoted on Entrepreneurial Thought and Action®, focuses on developing entrepreneurial leaders by giving them usable insight that will help them to foster growth and create value in their organization. Babson’s undergraduate and MBA programs have been ranked #1 in entrepreneurship for over 20 years by U.S. News & World Report. Babson is committed to family entrepreneurship; nearly 50% of Babson students come from a family business background. Babson’s Institute for Family Entrepreneurship is a hub for research, resources, and innovative programming dedicated to entrepreneurial students and their families.

We are pleased to collaborate with the Great Lakes Institute of Management Chennai. Our focus of spreading quality entrepreneurship education globally resonates with the aspirations of Great Lakes Institute of Management’s Family Enterprises Management Program targeted to next generation family business inheritors.

Every generation of family business inheritors reimagines the company – of course based on what the previous generation left – but it also renews the family enterprise to bring it up to place with time. I am sure that the Family Enterprises Management Program will be a life-changing, transformative educational experience.

We look forward to welcoming you to Babson for a fortnight of exhilarating immersion in Entrepreneurial Thought and Action®.

Tom Simon

Managing Director, Babson Collaborative Babson College

md’s message

aboUt the programInnovation. Leadership. Resilience. Sustainability. Today’s successful family enterprises require all four.

The 11 months Global Post Graduate Program for Family Enterprises Management offered by Great Lakes Institute of Management in collaboration with Babson College, Massachusetts will help family business inheritors and professionals understand how integrative thinking and leadership skills can bring about innovative solutions to the specific challenges facing family enterprises in India.

With professors from both the institutions, case studies, and a professional network of thought leaders, the Family Enterprises Management Program will equip the participants with tools, skills, and mindset to tackle volatility, uncertainty, complexity and ambiguity [VUCA] business environment and drive sustainable change in today’s competitive environment of quickly evolving industries.

Program sessions begin in August 2019.

program strUCtUre: 11 Modules of 4 days each every month at

Great Lakes, Chennai Campus

2 weeks module at Babson College, MA, USA

CoUrse Coverage : Finance and Accounting

Sales and Marketing

Technology, Innovation, Entrepreneurship, and Strategy

Self and Leadership Development

Family Enterprise Management

Regulation and Legal Aspects

Capstone and Learning Outcome Projects

flexible learning: Encourages participants to continue engaged with the family enterprises. Participants spend 4 days every month for 11 months in the classroom environment with the faculty. Encourages learners to immediately apply new concepts and methods to real-life business challenges.

international immersion:International immersion module at Babson, USA to broaden horizons and gain knowledge of disruptive technology-led growth in USA.

project-based learning: Inquiry-based method of learning encourages participants dive-deep into priority enterprise challenges and create innovative solutions. Emphasizes developing strategic thinking and problem solving skills rather than learning by rote and regurgitation in the examinations.

partnership – sibling and spouse: Invites sibling and spouse for Leadership Development Workshop that helps to clarify and find their voice and purpose and sets the stage for many other decisions they need to make.

academic elegance blends with business relevance: Envisions participants to co-opt senior family members and siblings to solve family enterprise challenges. Family business leaders in the 21st century most likely change their business models several times. It is not the best practices, but next practices that will sustain strong growth trajectory.

Coaching and mentorship: participants get 4 months intensive coaching to develop:

Innovative solutions to priority family enterprise challenges

New Venture Incubation Plan Personal Improvement and Progressive Roles

Enhancement Plan

program highlights

admissions proCessThe Global Post Graduate Program for Family Enterprises Management is for candidates

with minimum 2 + years of full-time work experience in family businesses.

how to apply

learn more Speak or Meet with the admissions team or

attend an information session.

applySubmit your application online at:

www.greatlakes.edu.in

sUbmit- Application Form

- Sponsorship letter from Family Business Head

- Verified copies of degree & academic transcripts

- Passport details and Photo

- Essays

interviewShortlisted candidates will be invited for an

interview with members of the Admissions

Committee.

notifiCationSuccessful candidates will be intimated through

email.

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www.greatlakes.edu.in/chennai

reQUirements1. Family Business Inheritors or Professionals in

family businesses.

2. 2+ years of full-time work experience.

3. Graduate degree from a recognized university in any discipline with at least 50% marks.

The Family Enterprises Management Program is specially designed for next-generation family business heirs. It is different from the normal MBA that produces functional managers. Family business inheritors who manage to get selected for the program will be transformed into future family business leaders.

The focus is on developing a holistic perspective about the issues and challenges in a family business. In the contemporary world no business can insulate and remain unaffected by global and technological trends in their industries.

Participants learn an entrepreneurial mindset that can be applied anywhere, in any context. They undergo experiential learning that emphasizes inquiry-based project learning. They learn to take the family business into the next generation, lead innovations within the family enterprises to sustain newer trajectory of growth.

The program encourages the participants to continue engaged with the family business. It facilitates them to immediately apply new concepts and methods regularly through special projects designed in consultation with their sponsors. Participants spend 4 days every month, for 11 months, in the classroom environment with the faculty in LEED Platinum rated green campus in Chennai.

The Global Post Graduate Program for Family Enterprises Management has an International Immersion experience anchored at the Babson College, MA. Besides broadening participants’ intellectual horizons, the program aims to increase knowledge of local customs, cultures, and historical perspectives of rapid transformation and disruptive technology-led growth of the USA.

Participants undergo about 4 months intensive coaching and mentorship with a select group of family business leaders and their respective sponsors. The learning outcomes of the program are:

1. Sustainable Family Enterprises Growth by finding innovative solution to prioritized family enterprise challenge.

2. Transform a business idea into a new venture incubation plan. Opportunities will be created to incubate the venture at Atal Innovation Centre-Great Lakes Balachandran Incubator.

3. Craft a Personal Improvement and Progressive Role Enhancement Plan.

I look forward to welcoming you to the Global Post Graduate Program for Family Enterprises Management and facilitate your journey to transform yourself to a family business leader.

Dr. K C John

Program Director and Distinguished Chair Professor of Strategy and EntrepreneurshipGreat Lakes Institute of Management, Chennai

program direCtor’s message

program fee

inr 13,00,000+ GST as applicable

Includes:

Tuition for both Great Lakes, Chennai and Babson College, MA, USA. Also includes, accommodation and food costs for the Great Lakes, Chennai residencies.

Please note that International Immersion is mandatory. The air travel, accommodation and food costs for the Boston residency will be on actuals, and would depend on the choice of accommodation (single or family).