Family Business: Be An Entrepreneur With Your Own Work rules

Family Business: Be An Entrepreneur With Your Own Work rules

Article Summary: MBA in Family Business Program is one of the most sought after professional degree by those, who wish to join their family businesses.

MBA in Family Business Program is best for all those, who already have an established family business. In today’s competitive scenario, it is quite essential to have all the required knowledge of the business that you wish to join .
In India, family business is a great career option available to all those youngsters, who hail from business background & have established family businesses. This program is especially good for those individuals, who aspire to look after their family business and manage the business with new managerial vision & skills. Basically, family business management program focuses on commercial progress.
Recently, Amity School of Business, Noida (www.amity.edu) has started BBA program in Family Business Management. The program will start in this academic session from July. The duration of program is three years and the program fee is Rs. 1, 15,500 per semester.
Ms. Alka Munjal, Director, Amity School of Business, said, “All basic areas of management such as marketing, finance, information technology and law are covered. The focus, however, of all the teaching is geared towards managing small business.”

Besides Amity, there are some other good B-Schools, which offer Master program in Family Management. IIM Bangalore also offers Management Programme for Entrepreneurs and Family Businesses since 2006. This program is conducted at NS Raghavan Centre for Entrepreneurial Learning & the duration of program is one year with the program fee of Rs. 4 Lakhs. Also, SP Jain Institute of Management and Research, Mumbai (www.spjimr.org) offers a Family Business Program.
Mr. Ganesh N. Prabhu, IIM-B Professor says, “The course is tailored for those who are reasonably successful in their business. We help them in formulating effective business strategies and ensuring steady growth.”

All aspiring entrepreneurs are trained after completion of the program. To be a good entrepreneur of future they can present their business plans to respective people and departments. To guide them, institute’s prominent faculties closely monitor their projects and help them whenever needed.

If we talk about the eligibility criteria for this course, candidates who have cleared 10 + 2 exam with minimum 60 percent marks & have established family businesses are eligible to apply for this course.