Women in Family Business | Leadership at One of the Best Colleges for MBA in Family Business in India

SP Jain Institute of Management and Research

4 months ago

Discover how SPJIMR’s PGP-FMB (Post Graduate Programme in Family Managed Business) and LiFE (Leadership in Family Enterprise) are shaping a new generation of women leaders in family businesses.

In this video, hear inspiring stories from women entrepreneurs and next-gen leaders who are breaking barriers, transforming legacy businesses, and redefining leadership through SPJIMR’s innovative programs.

Transcript

00:00Hello, I am Mehul Vansil from Kota, Rajasthan.

00:06I am here with my mother, Shekha Vansil, and my aunt, Shapra Vansil, who are also participants

00:12of Life Patch 2, a course at SPJIMR.

00:15So, what's one thing you now talk about at the dinner table that you never used to?

00:22So, what is this thing except for the menu and sabzis?

00:26Has something changed at the dinner table?

00:29Yes, actually, when we have dinner, we ask Mehul, do you want more veg?

00:36Do you want more chapati?

00:37Or how do you feel?

00:38Currently, we talk about how many retails in Proil Enfield,

00:42how many ROs are open, how many customer services have been in proper time.

00:47Same with me, I am also having this experience.

00:49First, we talked with Mehul with general family,

00:52we talked a little bit about chit-bit.

00:54I was thinking, what's happening, what's happening, what's happening.

00:56I have a lot of time, but I feel like Mehul is coming from office,

01:00so some good things will tell me.

01:02And I want to talk about some of my office,

01:04if I want to talk about some of my own,

01:05if I want to talk about some of my own employees,

01:06if I want to talk about some feedback,

01:09or if I want to talk about some of my own case,

01:11then I want to start the discussion.

01:13For me personally, seeing my mother and my aunt coming to the college,

01:18and learning various aspects of this course and business.

01:22Earlier, we used to sit on the dinner table and talk about,

01:27that I don't like this at home today.

01:29I don't like this at home,

01:30or that's it.

01:31Today, we still talk about,

01:32that I have a problem with my mom today,

01:34and how can I help me with this?

01:36How can I help me with this?

01:37How can I guide me with this?

01:38Whether it's a legal inspector,

01:39whether it's HR inspector,

01:40whether it's a finance inspector.

01:41At the end of the day,

01:42I can dig and add value from the insights of my mother and my aunt in the business.

01:47Okay, here's the next one.

01:49So, one thing that the program you are part of,

01:54has helped you to discover about your business and yourself.

01:58So, tell me one thing.

02:00Actually, currently, I am leading CX and HR department,

02:04Mahindra and Mahindra.

02:05But, from this program,

02:07I thought,

02:08that I have created a new vision.

02:10Currently, when we do practices,

02:12how can we do it better?

02:14So, I got that vision,

02:16with the help of this program,

02:18how can we apply new ideas and new strategies?

02:21Through this program,

02:22I have prepared an NVC project

02:24in the hotel and hospitality field.

02:26This project,

02:28I got personal growth,

02:30as well as it's a family business,

02:33a very good platform.

02:35So, my existing business,

02:37which is our automobiles business,

02:39which is the last 35-year-old,

02:41which we are doing,

02:42for its legacy,

02:43for its royalty,

02:44and its growth,

02:46and its identification.

02:47It's also a very good platform,

02:49where I am discussing my family business,

02:51and also,

02:52for personal growth.

02:53I have prepared a new assignment in NVC,

02:55in the hotel and hospitality field,

02:57where I will diversify my business,

02:59and bring growth on a platform.

03:01Again,

03:03me personally saying,

03:04both my mother and my aunt,

03:06they are working on new fields,

03:09new aspects,

03:10they are diversifying our business,

03:12and with their development and research,

03:14in the new exploring fields,

03:16they are opening a new channel for us,

03:18they are providing us with a platform,

03:20they are giving us guidelines,

03:21a baseline,

03:22and they are providing us an environment

03:24of productive and healthy knowledge,

03:27in the family.

03:28So,

03:29with their insights,

03:30and experience,

03:31over the years,

03:32and now,

03:33that they have come to the institute,

03:34for final brushing up,

03:35and upscaling their skills.

03:37We,

03:38as the children of the family,

03:39we are learning a lot,

03:40in terms of knowledge,

03:42and a healthy business development.

03:44I would like to,

03:45you know,

03:46ask you one thing,

03:48that you wish,

03:49every business family,

03:51could experience,

03:52from the CFB Center,

03:54that is the Center for Family Business,

03:56and Entrepreneurship.

03:57So,

03:58as per my view,

03:59I am not saying,

04:00because I am female,

04:01I am saying that,

04:02because in business family,

04:03we need to improve our thinking,

04:05and improve our thinking,

04:06and we need to enter into the business.

04:09Because,

04:10females,

04:11there are new strategies,

04:14and new ideas,

04:15that we will apply,

04:16so,

04:17we can take a lot of success.

04:19In the course of FMB,

04:20I would like to say,

04:21that,

04:22your personal business,

04:23or your structure,

04:25or organization,

04:27you should discuss it with your faculty,

04:30as a case study,

04:31because,

04:32if it is a case study,

04:33as a case study,

04:34as a case study,

04:35as a case study,

04:36as a case study,

04:37as a case study,

04:38then,

04:40that,

04:42the problem that exists,

04:43or the pain points,

04:45that we help,

04:46in the truth,

04:47the pain points,

04:48that we really help.

04:49Whatever faculty,

04:50it is very educated,

04:51and they have so much experience,

04:52that,

04:53if we keep our pain points,

04:55we will try to resolve it,

04:57so,

04:58this platform,

04:59practical learning,

05:00is actually,

05:01our case study,

05:02our situation,

05:03and existence,

05:04when we present it,

05:05then it will be resolved.

05:07And,

05:08the bookish knowledge,

05:09you can do it with Google,

05:10and ChatGPT,

05:11so,

05:12I thought,

05:13that,

05:14that,

05:15that,

05:16that,

05:17that,

05:18that,

05:19that,

05:20that,

05:21that,

05:22that,

05:23that,

05:24that,

05:25that,

05:26that,

05:27influence Fat timah,

05:29the powerful thing,

05:30that,

05:31is to show the strength

05:32of our business,

05:34without cyber in terms of power,

05:35definitely.

05:36Or,

05:37t he a trademark,

05:38had no bonito,

05:39he's officiap登録,

05:40not only,

05:42he's a princess politician,

05:43the existent people,

05:44are etti.

05:45We really,

05:46that,

05:47as a witness,

05:48we're seeking,

05:49now,

05:50we can treat this,

05:51a friend to do this,

05:53always possible to be seen,

05:54our family and organization should always be used as a strength now that my mother and my aunt have

06:00joined the business and they are actively taking part and participating in our day-to-day operations

06:05they have become a shield for us they are working on the field on the ground identifying those

06:12subjects and gray areas in our institutions where we could have never thought that this

06:17can be destroyed that we can't reach here my father my uncle my grandfather we are in our

06:24day-to-day lifestyle occupied with a lot of things and there are a lot of gray areas which we miss in

06:30the process while running our businesses we have got an extra set of hands who is now helping us in

06:35the business they are bandit is a small word but whenever we get a cut on our body a wound on our

06:41body we use that bandit to fix it so i term my mother and my aunt as a bandit to us they are

06:47always fixing and healing us from the leakages of our business so who in the family is most likely

06:53to say during the business meeting so this tagline is never going to change

07:00my daughter Kaushal Bansal is my mentor and they have motivated us both of the females

07:06that you both go and do this course and you will have coordination and you will have skill development

07:12that's so good to hear and good to know you know that's really great actually

07:25actually one day my father-in-law has shared my passion for a day i want to join my father

07:31and that's my passion i want to become a woman entrepreneur so my father-in-law

07:35has said that you can try and do it i have a lot of struggle from one year two years

07:40and sometimes in the third year i have achieved my designation

07:45after that my father-in-law with my family and my family supporters

07:49who got the success after that my father-in-law is very proud that my father-in-law is very proud

07:56and he is so happy and he is very modern

08:08thinker and we really appreciate his support

08:13continuing further on the subject my grandfather is the most visionary person i have met in my entire life

08:19my mother she had two children and after that she did her mba from home at distance learning and she

08:27completed her mba with two children at home as a homemaker same goes for my aunt she also completed

08:34her mba post marriage after having children so my grandfather is the most progressive visionary man

08:41you can ever come across you can talk to him about anything he's open for all the gen c and millennial

08:46topics he'll go old school he'll tell all his village tales or he'll talk about the latest news which is

08:51going around so yeah that is so if you had to uh give one uh rajasthanic gyan ki baat to your next

09:01generation in business what would it be as a mother jabi bhi man and you will inspire karne ke liye

09:07foreign

09:14so

09:28He should spend his money on his own.

09:31If he is a man, he will spend his money on his own.

09:35If he is a man, he will spend his money on his own.

09:38But that was his time.

09:41He also listened to him.

09:42But as a mother, I have never been able to adapt in my life.

09:47Because it's okay.

09:48I would like to say to Mihul,

09:50why don't you want to be so big,

09:53you don't want to be disappointed in that water.

09:57Because we don't know what's going on.

10:01To analyze the business first,

10:03to understand it.

10:04To not go to friends,

10:06to understand them first.

10:08Because we don't know what's going on.

10:11Where can we do it.

10:13So as a mother, I would like to say,

10:16to take risks is a good thing,

10:18but to analyze the risks is also very important.

Women in Family Business | Leadership at One of the Best Colleges for MBA in Family Business in India

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