LAbout AIFMB

a)Overview

The Asian Institute of Family Managed Business (AIFMB) is a unique social initiative from scions
of family businesses who have realized the need to promote excitement of joining the family
business.
It is a not for profit’ company with the objective to catalyze the growth of Family Managed
business in Asia. Its mission is to inspire, educate and support the second generation
Entrepreneurs so that they not only take forward the family legacy but scale new heights. The
central theme of the program is to get the participants excited from early age to join the family
Business and to prepare them for both a leadership role in the family business as well as to be a
positive influence in the family’s business organization.
AIFMB looks forward to a day when companies will proudly announce that they are a family
Business – as it stands for long term perspective, relationship and trust.

b)Approach
AIFMB proposes to achieve its objective by building institutional capacity to support Family
Managed Business
AIFMB aims to create a significant and sustainable impact with a collaborative model
Leveraging on the strengths of each of the stakeholders.
AIFMB has a inclusive approach and is relevant for kirana stores as well as a business chain. It
Completely believes that a grocery store today can metamorphose into Wal Mart.

c) Values
AIFMB values represent a strong belief that the progress of Asian economies is going to be
driven by excellence of family businesses and not by MNCs. The family businesses are likely to
outperform non family business primarily due to owner identification, unconventional
strategies and skills in managing contradictions. The family institution in Asia shares a number
of similar family values and is tuned for ensuring continuity of family business. It is important to
reinforce these values and promote pride and confidence in joining the family business.
d) Flagship Program
AIFMB’s Flagship Program is to inspire and develop a pool of sons and daughters from family
businesses at different academic institutions by enabling formation of business learning cells
with support system of programs, networks, knowledge and information.