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MBA (Family Business & Entrepreneurship)

The MBA in Family Business & Entrepreneurship programme is spread over two academic years. An academic year is divided into three terms of about twelve weeks each. The first three terms consist of compulsory (foundation) courses, while the next three terms consist of mostly elective courses offered in two streams of specialization: (a) Entrepreneurship (MBA in Entrepreneurship), and (b) Family Business Management (MBA in Family Business Management). The curriculum also includes 4 weeks of summer internship where the students are required to work in an organization on a real management problem. The summer internship is scheduled during summer break at the end of the first year of the programme.

The students are also required to prepare a Business Plan in the second year. Besides, they are required to undertake an industry visit either in India or abroad and prepare a report on their visit.

This Programme is targeted towards two distinct audiences:

  • Young graduates with or without family business but who exhibit entrepreneurial ambitions, and
  • The next generation of Family Business Owners.
  • To become an effective Family Business Owner –Manager
  • To be able to demonstrate their entrepreneurial skills
  • To apply management concepts and frameworks for solving family business problems

After going through the programme, the students should be able to:

  • Learn how to align vision and mission of the family business with the business processes
  • Understand significance of succession planning for family owned business
  • Make optimum utilization of available resources
  • Develop global orientation
  • Make effective and efficient business decisions
  • Fostering creative environment
  • Demonstrate abilities for risk taking and coping with ambiguity
  • Evaluate different business issues using an integrated approach
  • Use relevant conceptual frameworks and best practices
  • Develop functional and business management skills
  • Act as socially responsible businessperson
  • Develop ethical thinking and actions
  • Engaged
  • Empowered
  • Ethical
  • Entrepreneurial

The curriculum of the Programme is developed on the basis of in-depth interactions with family businessmen, entrepreneurs and subject experts and consists of compulsory and elective courses. The compulsory course package provides the students with the foundation of a business.

The programme is spread over two academic years. An academic year is divided into three terms of about twelve weeks each. The first three terms consist of compulsory (foundation) courses, while the next three terms consist of mostly elective courses offered in two streams of specialization: (a) Entrepreneurship (MBA in Entrepreneurship), and (b) Family Business Management (MBA in Family Business Management). The curriculum also includes 4 weeks’ duration summer internship where the students are required to work in an organization on a real management problem. The summer internship is scheduled during summer break at the end of the first year of the programme. The students are also required to prepare a Business Plan in the second year. Besides, they are required to undertake an industry visit either in India or abroad and prepare a report on their visit.

The main pedagogical methods are lectures, case studies and project works. They are supplemented and complemented by role plays, simulations, syndicate discussions, etc. The actual mix varies with the nature of a course. Elective courses on the other hand are offered in the second year with objective to specialization either in Family Business Management or Entrepreneurship.

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