MBA in Family Business does not only help the students who aspire to work in family businesses but also who want to start their own business. MBA in Family Business are more beneficial to the women who are taking participation in family businesses.
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Mba in family business management
1.
2. Indian economy comprises of more than 70% of the family businesses.
The importance of this sector cannot be overlooked and Family
business management has its own challenges like succession
planning; most of the family business does not have a succession plan.
Employees working in family business will have the temptation to
leave the company and join where the incentives are higher.
Students who want to join their Family business after completing
MBA can brush up their skills for taking their family businesses on to
the next level. An MBA in Family Business introduce students to the
key management area to create opportunities and challenges which
are unique to the businesses that run by families. This will allow
students to explore more and analyze the upcoming challenges in the
business and practice the best management for family businesses.
Family businesses are full of challenges which are threats to their
existence or continuity, but if managed efficiently and effectively can
remove all risks.
3. There are differences in Regular MBA program & MBA in family
Business Management program:-
MBA Creates Mangers / employees where as MBA in Family
Business creates employers.
MBA trains students to handle job in corporate and Big Business
houses where as MBA in family Business trains students to take part
in their own family business and grow the business.
MBA graduates are most likely to handle one functional area i.e.
operations, marketing, HR or finance where as MBA in Family
Business students understand the overall working of the business as
they are the owner of the Business.
MBA provides the general knowledge and understanding about the
business and organizations where as MBA in Family Business student
understands his own business.
4. No MBA Graduates takes the major decision in the business where as
MBA in Family Business Graduates takes each important decision
every day for their own business.
MBA in Family Business does not only help the students who aspire
to work in family businesses but also who want to start their own
business. MBA in Family Business are more beneficial to the women
who are taking participation in family businesses.
In India, some institutions offer MBA in Family Business Management
for the future entrepreneurs and leaders.
THE INDIAN SCHOOL OF BUSINESS (ISB)
Alliance University
Amity Business School
Hindustan University
Nirma University