Machine Vision Systems

Several decades ago, manufacturers used the manual inspection method. Therefore, the production is lower and the efficiency is also not very impressive. The reason is, manual checks will leave a lot of errors. This increases the cost of production per unit. Therefore, the researchers introduced a powerful machine vision system to eliminate costly errors and increase the efficiency of production units in the manufacturing industry.

With the help of advanced visual inspection systems, manufacturers can increase productivity and prevent errors during the production process. In this article, we will find out if this technology can be used to achieve the desired results for your manufacturing business. Read on to find out more.

Basically, a visual inspection system is based on a complex technology that uses a computer based system for inspection purposes. This system was introduced as an alternative to manual inspection. Most notably, machine vision helps improve the inspection process and eliminate errors in the process.

With the help of cameras and small but powerful computer systems, visual inspection engines can scan objects and provide detailed information about them. Manufacturing uses visual inspection systems to achieve many goals such as quality testing, validating manufacturing processes, detecting errors and making informed decisions. It is not easy when this system is not available and only manual methods are used.

Regarding precision and reliability, a visual inspection system is very important. With this system, it is possible to perform various inspections based on business requirements. Some of the most common types of inspection include precision measurement, object location, barcode reading, part identification, and fault detection. Based on the type of business, manufacturers can choose the right type of inspection.

In the manufacturing sector, the importance of accuracy and speed of production is undeniable. If a visual inspection system is used in the manufacturing sector, manufacturers can enjoy many tangible benefits. some of them are listed below. Apart from that, there are many other benefits that this technology offers.

>Lower material cost
>Lower labor costs
>Lower costs related to quality

Manufacturers can enjoy more confidence due to the accuracy and consistency of inspection processes offered by machine vision systems. As a result, manufacturers can work harder to stay ahead of the competition.
As said earlier, machine vision systems provide many benefits for many industries. This is because of the versatility, precision and reliability of this technology. Some of the most common industries that use machine vision systems include printing, medical, manufacturing, pharmaceutical food production, and life sciences just to name a few.

In short, this is an introduction to machine vision systems and the benefits they can offer to two different industries. If you are a manufacturer, you can consult an expert who selects the right type of machine vision system to increase your production and enjoy higher efficiency.

Considerations When Choosing an Effective Machine Vision System

Intelligent cameras are the most effective means of rapidly implementing simple vision inspection system due to their ability to automate your tasks, cost effectiveness and the ability to easily integrate into your work system. Seeing that it is a self-contained unit, automated inspection vision systems can be used for embedded single unit applications or networked to industrial manufacturing systems.

Below is a breakdown of the basic components of a smart camera system and some important considerations when choosing a vision inspection system for your application.

Basic vision inspection architecture:

What are the parts and specific considerations?

Systems Integration

You need good photoelectric sensors that are able to inspect automatically by triggering automated systems. This is of course connected to the vision inspection system which will process the resulting images and automate the inspection of your products.

Effective vision inspection systems will integrate a variety of cameras such as analog cameras, digital cameras and progressive scan cameras. The choice between these three camera types come down to the applications that are needed in your setup. You will find that if your business is in the business of epoxy die manufacturing then you will want to select vision inspection systems that can accommodate cameras that are suited for the task.

Software Features that you should request for when choosing an Effective Machine Vision Inspection System

Object Tools

A general purpose machine vision inspection applications will generally offer object tools that will help you inspect the products that you manufacture in your production. Object tools will analyze shapes in the image for various geometric characteristics which will ascertain the size, the perimeter and the density. If your manufacturing plant requires you to sort the parts that are manufactured then object tools will be an efficient tool in sorting and locating the parts that are required.

OCR Tools

Optical Character Recognition is a technology which has matured over the years and it is primarily used to read or verify printed or mechanically generated characters. If your manufacturing plant has serial numbers, identification numbers, OCR technology will be able to recognize these markings through the images that has been captured and with a bit of software help it will identify the correct markings even if they are severely damaged.

Calibration Tools

You might need a vision inspection system that as calibration tools which will convert pixel coordinates to real world coordinates. For example you might want to convert from the readings of the measured millimeters into inches.

Data Analysis Tools

Your vision inspection system that you choose might need to display analysis results which will display in tabular format and this gives in-depth information about the image and the inspection. You will do well in choosing a system that can sort all the data and provide critical information to the appropriate personnel in your department.

Matching Tools

Vision systems that are sufficiently advanced often provide the ability to train the system on a reference pattern and then locate similar occurrences in other images. Often this is called the gray scale pattern matching. You might need these kinds of tools when the position of a given part in the field of view is unknown or if the presence of the parts must be controlled.

Gauging Tools

Measurement tools are needed in advanced vision systems. Sub pixel measurement tools are often needed in productions which involve the accurate dimensional control of objects that are in the appropriate field of vision.

Help Tools

When choosing an appropriate machine vision system, it would be helpful if the system that you choose have extensive help topics and tutorial guides. You would do well in choosing a system that has adequate hands off support, meaning that the software help manuals are clear cut and offer clear instructions on operating the vision system effectively.

Image Enhancement Tools

Inspection systems that will ultimately benefit your production process would be systems which allow you to preprocess the images that are going to be analyzed. Choose systems that can remove noise, compensate for variable lighting conditions, correct geometric distortions, and other image enhancements which will make the eventual inspection of images an accurate affair.

Example of a Vision Inspection System Application System.

One example would be if your company manufactures computer chips then you will need systems that can measure the epoxy when conjoining fabricated systems together. Epoxy Vision Inspection requires you to inspect various package types. You will need to be able to save and retrieve various inspection files. It is best to be able to define your own images through integrated image processing systems.

Good vision inspection systems have the ability to define the acceptance level of the inspections. Results that are generated from the inspection systems should generate at least 4 sided independent results.

The epoxy length is one such area which an inspection system should be able to automatically calculate from the images that the system captures. The width, area, and location data should also be accurately captured.

The input and output of the machine inspection system should be ready for the integration with the host equipment. You would do well to select systems that allow you to customize to suit your environment.

Applications that require vision inspection systems include:

  • Post Die Attachment Inspection
  • Post Solder Paste Inspection
  • 2D Data Matrix Code Inspection
  • Mark & 3D Lead Vision System
  • Strip Form Vision Inspection System
  • QFN & MLP Vision Inspection System
  • Post Seal Vision Inspection
  • IC Mark Vision
  • BGA Vision Inspection System
  • Epoxy Vision Inspection
  • Solder Paste Inspection System
  • Flip Chip Package AOI
  • Tube-To-Tube Automated Handler
  • Feeder Verification System
  • Solar Cell Front and Rear Inspection

Description Of An Isolation Transformer

You want to Buy Isolation Transformer? Don’t have enough details about the device? Well, you are in the right place. Take a look and explore the deep knowledge that answers all your questions and gives you a better understanding to make wise decisions. So, let’s get started.

What is an Isolation Transformer?

The Isolation Transformer is made of two copper coils, which are wound around each other and are supplied with power by their own source. Almost all transformers are insulating, but the only thing that sets them apart from others is that they isolate the circuit from alternating current by separating two different circuits with an induction loop.

What are the Main Applications of Isolation Transformers?

Its main application is to provide protection in sensitive circuits that are not capable of handling high voltage stresses directly. They prevent short circuit situations, fire accidents, and electric shock to people and materials as well. This lowers the voltage level before it reaches the appliance and provides them with great protection from damage.

What are the Application Areas of the Isolation Transformer?

They are mainly used in Hospitals for Medical Equipment, Telecommunication Equipment, Computers, CNC Machines, Analytical Instruments, Remote Control Instruments and many other applications whose circuits are sensitive and require extra protection from high voltage currents.

What are the Advantages of Installing an Isolation Transformer?

This device has a number of advantages to offer and to find out, in a nutshell, see below:

Safety: This device increases the level of safety as it prevents short circuit conditions and electric shock to people and materials.
Reduce Surge: Another important advantage of installing this device is that it helps reduce surges, which further ensures smooth operation and long-lasting performance of the equipment.

Noise Reduction: Isolation Transformer is proven to reduce noise caused by vibration and grounding. This noise reduction helps prevent uncertain situations and also takes care of your equipment.

Better Power Quality: Installing this solution is advantageous as it ensures better power quality and reduces the potential for leakage current.

From the above explanation, now you know all aspects about isolation transformers. So, what are you waiting for? Go and buy from a trusted company that serves you with the right solution without breaking the bank.

Business Manager – Vital Cog in Business Enterprises

A Business Manager is a professional who is entrusted with the job of managing a business firm or a corporate enterprise or a private enterprise on behalf of a company or individual with the outcome of earning profits and revenues. There are several areas where a Business Manager can use his or her knowledge and expertise to serve – accounting, auditing, budgeting and taxes, data processing and analysis, finance, HR and personnel, marketing and public relations, operations analysis, purchasing and so on. Besides there are also specific technical areas in which a Business Manager can have specialized knowledge and skills like computer programming, e-commerce, law, science etc.

Even small businesses or home businesses sometimes typically have Managers doing multiple roles that focus on the company’s marketability and reach. In such a scenario, the Business Manager shares much of the owner’s duties and responsibilities in running the business successfully and in some cases, earning a share of the profits.

There is no doubt that the role of a Manager is very essential and crucial to a business. As we have seen in the modern era, even artists and private individuals like musicians, dancers, painters, writers, sportspersons etc. have Managers who manager their business affairs, professional commitments and financial matters. Hence, the role of a Manager cannot be taken lightly. In the context of a governmental agency or a military agency, the position of Business Manager would be equivalent to that of an Executive Officer or a Chief of Staff.

Functions or Role

Overseeing the operations in small, large or private enterprises involves many specific functions. Generally, the duties of a Business Manager extend to:

• Developing and implementing budgets
• Fixing business goals and targets
• Hiring, training and evaluating employees
• Supervising and overseeing duties of support staff
• Handling payments and contracts
• Managing business commitments, travel schedules etc.

Qualifications

Most Managers require a basic qualification of a bachelor’s degree in Business Management which has many in-built modules in tandem with the duties listed above. They also need to have excellent communication skills, great inter-personal relations, be adept in promotional and marketing abilities and have contacts with media agencies and networks. In many businesses, salespersons who have worked through the company for many years handling several responsibilities are promoted to Managers levels and entrusted with greater responsibility.

Public profile

In a private enterprise such as a Manager handling the portfolio of an artist or sportsperson, the role of a Business Manager is very much in the public eye. Several past business managers have been caught in financial and personal scandals ranging from negligence of professional commitments to fraudulent practices in financial matters, illegal and unethical management of assets, swindling of revenues etc. which can be a serious setback to professional enterprise.

Machine Vision System Components

Machine vision is the use of computer vision applied to manufacturing and industrial automation. Machine vision systems are an electronic replacement for less-than-perfect human inspectors. These systems perform precise visual inspections during the manufacturing process to validate the accuracy and quality of work performed.

Manufacturing Uses

These systems use smart digital cameras and specialized image processing software to perform electronic inspections.

Common applications include the validation of the presence and correct placement of parts, the verification that measurements meet defined tolerances, and the capture of data elements such as serial numbers or lot IDs in manufactured items including electronic parts, food, automobiles, and pharmaceuticals.

Basic Components

Each application is unique so specific components are configured for each solution. System components fall into the following general categories:

Cameras and Optics – One or more digital/analog cameras and optics which take a picture of the part(s) being inspected. These cameras can be monochrome, composite color, RGB color, variable-scan, progressive-scan, or line-scan depending upon the specific application requirement.

Lighting – The right lighting is key for optimal illumination of the part so that the camera can capture the best possible image. Types of lighting include high-frequency fluorescent, LED, incandescent, and quartz-halogen fiber-optic.

Presence Sensor – This is a device which alerts the system when it senses that the part to be inspected is approaching. This allows the machine vision system to acquire an image when a part is in the correct position.

Computer Processor – The computer processor is typically a high-end PC or digital signal processor. A ruggedized computer is often required in manufacturing environments due to dirt, vibration and temperature extremes.

Frame Grabber – A frame grabber interfaces the camera(s) to the computer processor. It takes the digital or analog image data provided by the camera and converts it into information for use by the computer. Frame grabbers come in many configurations supporting different cameras and computer processor types.

Machine Vision Software – Software comes in many different forms. It is used for creating and executing programs, processing acquired image data, and making inspection decisions such as pass/fail.

Network connection and Digital I/O – After the machine vision system completes its inspection of a part, the inspection results must be communicated to the system controlling the manufacturing process. Typically, a network card or digital I/O interface board is used to accomplish this.

The Use of Machine Vision Systems

Today, the manufacturing sector has used machine vision systems for inspection purposes. Most manufacturers think that there must be an integration between the vision and intentions of this industry. After the advent of the visual inspection machine, innovative vision techniques can be seen in many types of businesses. These techniques have resulted in many business opportunities.

If you don’t have a clue about the visual inspection engine, it may take you a while to understand the system. You need to understand many relevant terms first such as artificial intelligence (AI), hyper-spectral imaging, and integrated vision. If you understand these terms, you will be able to have a better understanding of how visual inspection machines work. Let’s find out more about using machine vision systems to maintain high quality standards.

Use of Machine Vision in Various Fields

Today, many industries get the most out of visual inspection machines such as military, silicon industry, mining, metal, packaging, electronics, plastics industry, precision hardware, machinery, medical, pharmaceutical, printing and automotive industries, just to name a few.

Components of this machine

A visual inspection machine consists of many important components such as lenses, system software, frame grips, lighting, thin vision cameras, machine vision cameras, smart sensors, and smart cameras, to name a few.

Visual Inspection Engine Application

This machine uses artificial intelligence to perform different functions like image scanning, identification, quality control and so on. Given below is a description of the Usage of this system:

Taking Measurements: As far as product measurements are concerned, machine vision systems offer accurate results. We know that it is very important to ensure that product measurements are accurate.

Color Identification: Color identification is important for image processing and great results. As far as quality is concerned, this technology is based on precision, which most manufacturers dream of.

Pattern Identification: The visual inspection engine can identify the differences between different patterns, shapes, features and logos.

Pre-Processing: Pre-processing involves manipulating the captured image for better contrast and enhancement prior to processing.

Packaged Goods Verification: This system scans various product features such as different sizes, positions, finishes and shapes of products. Usually, this verification is done to verify the various parts, assemblies and packaged goods.

Surface Scan: Surface inspection is performed to identify problems with the product such as contamination, scratches, cracks, discoloration and so on. Therefore, this type of inspection is very important as far as quality control is concerned. If you want to achieve the best results, this scan is essential.

If you are a manufacturer, you can use a machine vision system to achieve the best quality standards. For this purpose, it is important that you invest in a high quality visual inspection machine. You can choose from many options based on your needs. Basically, you need a system that can perform checks efficiently. After all, speed alone is useless if efficiency is not maintained.

What Is An Online Business Manager, and Is It Time for You to Hire One?

Are you a successful woman entrepreneur whose multiple 6-figure business feels out of control?

Are you stuck? Overwhelmed? Frustrated?

Ever thought seriously about walking away because you’re so bogged down with business operations that you can’t follow your passion?

If this sounds like you, it’s time to find an online business manager.

What’s an Online Business Manager?

According to Tina Forsyth, the author of Becoming an Online Business Manager, the official definition of an Online Business Manager (OBM) is:

A virtually based support professional who manages online based businesses, including the day-to-day management of projects, operations, team members, and metrics.

An OBM isn’t a virtual assistant who performs tasks. He or she is a professional business manager who runs the company’s daily operations to give the owner energy and time to focus on strategic growth. The OBM gives the owner permission to be the Visionary and serve her clients, plan the company’s growth and future, and use her gifts to their fullest potential.

The OBM keeps all the balls in the air as the Integrator of the business. Gino Wickman and Mark C. Winters first defined the Integrator role in their book, Rocket Fuel: The One Essential Combination that Will Get You More of What You Want from Your Business. The Integrator harmoniously combines the major functions of the business (sales, marketing, operations, and finance), runs the organization, and manages day-to-day issues. This role is literally the glue that holds the people, processes, systems, and strategy of the company together.

The Integrator creates space so the business owner, the Visionary, can fully step into the CEO role and do what she’s called to do-change the world.

Finding an Integrator for your business would take a big load off your mind and off your plate, wouldn’t it?

I help women business owners who need that time and space. For the past eight years, as an Integrator in my clients’ businesses, I’ve had the great honor of making someone else’s vision happen.

You can’t do it all, and you don’t want to.

When you started your business, you had to wear all the hats. You had to be the visionary and the manager. You knew it wasn’t your best fit, but you could do it until the business grew a little and you could hire help.

Soon you hired someone to take care of the tedious work, but you couldn’t let go of much more. You still needed to lead and manage alone. You told your family (and yourself) that wearing both hats wouldn’t last much longer and you could handle it.

Now, your business keeps growing and you spend way too much time managing and not enough time leading and serving. You don’t have enough time to decide where the business is going because you’re trying to keep up with managerial tasks you never wanted.

You started your business to change the world and to have the freedom to enjoy life. At this point, you can’t do either because you can’t get out of that manager role long enough to catch your breath!

Hitting the ceiling is inevitable. Every successful woman entrepreneur I’ve seen comes to the point where she’s exhausted and can go no farther – she can’t continue to manage and grow the business by herself. She needs online business management services so she can move into the CEO position and Visionary role to grow her company.

Transform your business with an OBM

Your business needs a Visionary and an Integrator to be successful, and you can’t be both for long and sustainable growth. As the Visionary, you need an Integrator to implement and drive your vision, and your Integrator needs you to lead the company’s direction and strategize its future.

My specialty is working with multiple 6-figure clients who have hit that growth ceiling. They know they can’t continue being in charge of everything. I’m an Online Business Consultant, Certified Online Business Manager, and most importantly, a diehard Integrator in every sense of the term.

My clients are high-achieving women entrepreneurs who want to change the world, and their visions are huge. They have proven business models that generate multiple 6-figure+ revenues. Their desire to build an empire is inspirational, and they’re ready to turn over the reins of management to a trusted professional who will move the business forward.

Are you ready for your Integrator?

Have you hit the ceiling in creating new growth? Feeling overwhelmed or frustrated with all the “DOING” in your business?

About

Brenda Violette is Founder and CEO of Violette Business Services, a business management company that partners with entrepreneurial woman who have built a multiple six-figure online business and are stuck in their ability to create new revenue with them being the only one in charge of everything! They struggle and lose traction as they are buried in the “DOING” of the business.

Being a seasoned woman business owner herself, Brenda understands the struggles of other women trying to build a viable online business, balance work and a personal life, and contribute to the world through the business.

3 Surefire Ways to Know If You’re Ready to Hire an Online Business Manager

Are you a woman entrepreneur who’s frustrated in your 6-7 figure business?

Are you feeling overwhelmed, over-stressed, and not sure where to turn?

Are you so busy doing everything in your business that you never have time to focus on those high level tasks that will truly bring direct growth to your business?

Your business may be ready to hire an Online Business Manager (OBM).

When your business has grown to multiple 6-7-figures, it will require that you begin to step into a CEO and Visionary role to lead your business to higher levels of growth. The business now has a life of its own and if you stay in the doing role too long, you will lose control of your vision.

If you’re like most women business owners, you started your business for some or all of the following reasons:

You wanted control over your time and the money you make
You wanted your work to have an impact in the world
Sick of the 9-5 grind
Have a business you can schedule around your family and personal goals
Commit to something bigger than yourself
Create financial and time freedom

If you have a multiple 6-7-figure business, it may be time to step out of the tasks of day-to-day operations and management. You’re the only one who can lead your company to the next levels. You alone know how to move your business forward. Time and focus are now in high demand for you to lead your company to the next level.

The result of not stepping up will be that the business will begin to stagnate – you’ll hit the ceiling in ability to grow any further. You’ll need to stop trying to do and manage everything on your own because it’s simply not sustainable. You need help in business. At this phase in your business, you have a team that executes tasks.

Now the role you’ll want to hire will be an Online Business Manager, an Integrator, who can take your dreams and goals and make them a reality. You need someone who can effectively step in and manage your team, manage your day-to-day operations and marketing management, manage projects, and analyze and report metrics to determine what’s working – and what’s not.

If you can’t get out from behind the manager’s desk, frustration will overwhelm you… if it hasn’t already. You’ll struggle with “hitting the ceiling” and “feeling stuck” – if you aren’t already. Your life and relationships will suffer because you’re working a crazy number of hours every day just to keep things going. You cannot keep up this pace, and eventually something will give. You’ll burn out. I’ve seen it countless times.

While reading all this article, you may be wondering if it’s time for you to hire an Online Business Manager.

Here are three ways to know you’re ready.

Financial Readiness

Hiring an Online Business Manager is a long-term investment. An OBM does not replace a team of people who are responsible for executing tasks – you can hire any number of virtual assistants for task completion. An Online Business Manager runs your business while you step into the CEO and leadership role.

Psychological Readiness

You’re ready to turn loose a certain amount of control in your business to someone you trust. You know you need help in business, and you don’t want to be the only one in charge anymore. You understand it may be uncomfortable to turn over some control to someone else, but you’re willing to do it because deep down, you know it’s time. And you’re ready to let go of what you don’t truly enjoy to return to using your unique gifts to grow the business.

Lifestyle Readiness

You’re ready to have balance and get your life back. You’re ready to feel a renewed sense of passion for what you do, and you’re looking forward to having the time to create and strategize. As you let loose of the manager’s role, you’ll feel refreshed and energetic, and you’ll step into focusing ONLY on what you can do to grow the business.

If you can’t get out from behind the “manager’s desk” in your business it may be time to hire an Online Business Manager. Life’s too short to be frustrated and over-stressed in your business.

Visit www.BrendaViolette.com today to grab a complimentary copy of Accelerate Your Growth with an Online Business Manager. Discover 100 plus management tasks you can delegate to your Online Business Manager that will immediately accelerate the growth of your business.

Brenda Violette is Founder and CEO of Violette Business Services, LLC, a business management company that partners with high level successful women business owners to grow their online business. Brenda helps her 6-7 figure clients step out of the daily grind of managing their business so that they can have the focus to create new revenue and enjoy more freedom in their business and lives. Her clients would tell you that her super power is helping them to grow a business they can love again!

Importance of Family Business Management

Ready to be at the wheel?
March 10 and 11, 2018 gave aspiring and budding entrepreneurs an opportunity to connect and collaborate. As the best and brightest minds came together and brainstormed on on how to fuel their business growth. It is the most important aspect in any of the business. The conference at IIT Mumbai brought together the best breed of entrepreneurs, innovators, venture capitalists, business model creators, consultants, policy-makers, academicians, and business practitioners to present and discuss innovation and success under the aegis of entrepreneurship for Small and Medium Businesses.

Over the past decade or so, in the dilemma between joining family owned businesses and higher studies. The scales have been tipping towards entrepreneurship and joining family owned businesses.

Let us explore the genesis and the reason why:

The Genesis
Today, family-owned businesses account for two-thirds of the world’s businesses and generate most of the world’s economic output, employment and wealth. In many regions of the world, family companies dominate the economy. “Family-controlled firms now make up 19% of the companies in the Fortune Global 500,” states The Economist. In India alone, 67% businesses are family run. McKinsey forecasts, that by 2025,there will be more than 15,000 companies worldwide with at least $1 billion in annual revenues, of which 37% will be emerging-market family firms.

The need
There is a need for Family Business Management Programs whether you are in a successful family business or you are into a business facing challenges and trying to bring about a changeover.

Successful family business:

Successful family businesses are successful because families see important changes in their industry. Simply put, successful families are entrepreneurial. Also,families succeed because they invest in productive activities, emphasise growing assets, and consume relatively little of their wealth. These families maintain a culture that encourages family members to create things of lasting value. It’s not surprising that these families encourage entrepreneurs. Furthermore,successful families remain reasonably united, keeping supportive members loyal to one another and to the family’s mission. Over generations, as families become more diverse, it is likely that only a few relatives per generation will directly work in the business.

Outside-the-business members might still support family philanthropic efforts or social activities, and sometimes that level of involvement is enough to maintain family unity. But investing in family entrepreneurs can also keep talented members contributing to the broader family’s wealth and mission. Investing in family entrepreneurs has to be done objectively based on the feasibility of their business plans, and also fairly within the family. Even if some entrepreneurial projects don’t succeed, these investments will help you spot talent to keep your business growing. And you are sending an important message: this family is committed to creating value.

Family businesses – facing challenges
While family businesses on average are stronger performers than other types of enterprise, they face distinct challenges that need to be managed. This constraint often kills the family business.

This creates the need for a course of study in Family Business Management that helps students understand how to capitalize on the strengths, navigate the challenges, and guard against the weaknesses of the companies and the families that own them.

How is Family Business Management program different from an MBA in Entrepreneurship?
Both Family Business Management and an MBA in Entrepreneurship prepare you for setting up and gearing your own business. However, there is a subtle difference. Unlike MBA in Entrepreneurship which prepares students for a setting up a business, the Family Business Management programme is targeted at family business owners looking to sustain, scale and grow their businesses. The content and pedagogy includes concepts of entrepreneurship, business sustainability, market trends which thereby lead to portfolio expansion and business growth. The program would help you evaluate the state of your family businesses and gear you towards accelerating your business to the next level.

Colleges/Institutes for Entrepreneurial Management
Xavier School of Management (XLRI),Jamshedpur, offering a full-time six-month Post Graduate Programme for Certificate in Entrepreneurship Management (PGPCEM).

Entrepreneurship Development Institute of India, Gandhinagar,offering a two-year, full-time, residential Post Graduate Diploma in Management-Business Entrepreneurship (PGDM-BE).

SP Jain Institute of Management and Research – Mumbai,Start Your Business Certification Program (SYB), Grow Your Business Certification Program (GYB), The Entrepreneurial Manager (TEM).

Narsee Monjee Institute of Management Studies,Mumbai,M.B.A in Social Entrepreneurship

Xavier Institute of Management and Entrepreneurship – Bangalore, offering one year Entrepreneurial Development Programme (EDP)

Nirma Institute of Management,Ahmedabad,offering regular two-year MBA specialising in Family Business & Entrepreneurship.

Amity Business School,Noida, offering two year M.B.A in Entrepreneurship

IIM, Bangalore, specialization in Entrepreneurs & Family Businesses.

IIM Udaipur, Management Development Program for Women Entrepreneurs.

National Institute for Entrepreneurship & Small Business Development (NIESBUD), Delhi
The NIESBUD is an apex institute in the area of entrepreneurship and small business development under the Ministry of Micro, Small and Medium Enterprises, Government of India. It oversees the activities of various institutions and agencies engaged in entrepreneurship development, particularly in the area of small industry and small business. It also provides numerous training and development courses for budding entrepreneurs and small businesses.

Making the right choice:
In the world of family business, the entrepreneurs we celebrate are usually founders of companies. If you wish to be a founder of a company, start your new venture and learn how to navigate, go in for a pure MBA in Entrepreneurship. However, if you wish to join your family business and are supposed to take care of and grow the founder’s creation, you are not expected to be entrepreneurs but to understand and carry forward the vision of the founder,an MBA in Entrepreneurship would be more helpful.

Therefore, it is imperative that you make the right and informed choice…

Are these mutually exclusive?
If this makes you think that family business management programs are incompatible to entrepreneurship. The reason is because they are for students who are in family businesses that are usually tradition-bound, multi- generational. Let me tell you, we need to blur the lines here. The family businesses need to be more entrepreneurial. They need to pass on the entrepreneurial mindset and capabilities. To create new streams of wealth across many generations- not just pass the business on from one generation to the next. We need to come up with the concept of ‘family entrepreneurship’. When a leadership transition occurs in a family business, the new generation of leadership should be careful to maintain and build on the networks and knowledge of the former leaders, while expanding their own networks. This will insure that the business can continue to be entrepreneurial into the future.