MBA in Family Business Management Syllabus

Family-owned businesses have played an important role in India’s economy since its independence. These businesses contribute significantly to a country’s GDP, employment, and wealth creation.

However, with changing times, addressing customer expectations, dealing with rising competition, and adopting new technologies have made managing these businesses more complicated.

Acquiring specialized knowledge in this field can help students manage and expand family-owned businesses effectively.

A Master of Business Administration (MBA) in Family Business Management focuses on modern business strategy, entrepreneurship, financial management, governance, and innovation.

The program also prepares you to build sustainable businesses while maintaining the core values of the family business.

The blog covers MBA in Family Business course details, such as eligibility, syllabus and career opportunities to help you make an informed career decision.

What is an MBA in Family Business Management?

MBA in Family Business Management is a two-year postgraduate degree that teaches you how to manage and lead family-owned businesses.

The MBA in Family Business Management subjects cover topics such as management principles, family enterprise dynamics, and entrepreneurial strategies for succession and expansion.

You not only learn how to develop impactful strategies for business growth but also integrate new technologies into day-to-day operations to adapt to industry changes.

The table below summarises the MBA in Family Business course details:

MBA in Family Business Management: Eligibility and Entrance Exams

To be eligible for an MBA in Family Business Management course, you must hold a Bachelor’s degree in any field from a recognized university with at least 50% marks.

Although not compulsory, having an undergraduate degree such as a Bachelor of Business Administration (BBA), Bachelor of Commerce (BCom), or a Bachelor of Management Studies (BMS) will give you a competitive edge over others.

Additionally, you must qualify for the national, state or university-specific entrance exams. Some of the common national or state-level entrance exams are as follows:

Please note that the admissions criteria may vary by institution. Therefore, it is recommended to check the university website for more details.

MBA in Family Business Syllabus

The curriculum of this MBA program helps you understand the dynamics of family-owned businesses and modern business practices.

The MBA in Family Business Management subjects focus on key areas such as business strategy, governance, financial management, leadership, succession planning, innovation, and entrepreneurship.

The table below gives a semester-wise breakdown of the MBA in Family Business syllabus:

MBA in Family Business Career Opportunities

After completing the course, graduates can work in managerial roles across various industries, or take up consulting or business advisory roles in different companies.

For students who belong to family-owned businesses, they can apply their expertise in managing or expanding these organizations.

Alternatively, graduates can also pursue higher education if they are interested in an academic or research-oriented career. Some of the popular courses after this MBA program include:

• Doctor of Philosophy (PhD) in Management
• Executive MBA
• Specialised certification courses in Entrepreneurship and Business Management

The table below lists some of the promising MBA in Family Business career opportunities available to graduates:

Please note: Salary figures can vary, depending on the job location and experience of the candidates.

Key Takeaways

Family-owned businesses continue to be an important part of the Indian economy. There is a growing demand for professionals who can strike a balance between traditional business values and modern management practices.

An MBA in Family Business Management helps develop the skills required to manage, modernise, and expand family-owned businesses in the modern competitive environment.

This program helps apply your knowledge of business strategy, financial planning and succession management to handle real-world business challenges effectively.

If you are interested in creating sustainable businesses for family enterprises across generations, an MBA in Family Business Management can be a good career pathway.

For more details, you can visit our website to make an informed career decision.

FAQs

Q1: What are the four types of family business?

A1: The four common types of family businesses are Founder-managed businesses, Sibling partnerships, Cousin consortiums, and Family-controlled public companies. These types are based on ownership structure and generational involvement in the business.

Q2: What are the three circles of family business?

A2: The three-circle model of family business includes Family, Business, and Ownership. This model explains how family relationships, business operations, and ownership responsibilities are interconnected.

Q3: What are the 4 C's of family business?

A3: The 4 C’s of family business are Communication, Commitment, Collaboration, and Continuity. These factors help maintain strong relationships, smooth business operations, and long-term business success.

Q4: What is a SWOT analysis for a family business?

A4: A SWOT analysis helps family businesses identify their Strengths, Weaknesses, Opportunities, and Threats. It is used to evaluate business performance and create strategies for future growth and sustainability.