What is Family Business?: Course Fees 2025, Subjects, Top Colleges, Admissions

Pallavi Priyadarshini PandaContent Writer
Family Business courses are educational programs that focus on the unique challenges, dynamics, and opportunities associated with managing and operating family-owned businesses. Family Business courses are designed to provide individuals with the knowledge, skills, and tools necessary to navigate the complexities of running a business that is owned and operated by members of the same family.
To be eligible for Family Business courses, candidates must make sure to complete Class 12 or equivalent examination from a recognized board. The average fee for Family Business courses ranges between INR 8,000 and INR 16.2 LPA. Admission to Family Business courses is based on the scores acquired by candidates on entrance exams such as CAT, MAT, SNAP, XAT, CMAT, etc.
Once graduated with Family Business courses, candidates can opt for job profiles such as Family Business Manager/Executive, Succession Planner, Family Business Consultant, Family Office Manager, etc. The average Family Business salary that a graduate can earn ranges between INR 5.1 LPA and INR 22.2 LPA.
Family Business Courses Details: Highlights
Family Business courses are common in many industries and play a significant role in the global economy. These businesses face specific issues related to family dynamics, succession planning, governance, and more.
Candidates can check the key points of Family Business courses in the table below.
Particulars |
Family Business Course Details |
---|---|
Family Business Course Level |
UG, PG, Diploma |
Family Business Course Duration |
2-3 years |
Family Business Course Fee |
INR 8,000 and INR 16.2 LPA |
Family Business Entrance Exams |
CAT, MAT, XAT, CMAT, etc. |
Family Business Popular Colleges |
IIM Calcutta, IIM Indore, Jamia Millia Islamia, S.P. Jain Institute of Management and Research, Amity University, etc. |
Family Business Job Profiles |
Family Business Manager/Executive, Succession Planner, Family Business Consultant, Family Office Manager, etc. |
Family Business Average Salary |
INR 5.1 LPA and INR 22.2 LPA |
Family Business Top Recruiters |
Deloitte, KPMG, Mahindra, Hindustan Unilever, Airtel, etc. |
Note: This information is sourced from the official website and may vary.
Family Business Courses Useful Links:
- Understanding Unique Dynamics: Family businesses have distinct characteristics and challenges compared to non-family businesses, including issues related to governance, succession planning, family dynamics, and long-term sustainability.
- Direct Application: The knowledge gained from an MBA in Family Business can be immediately applied to real-world scenarios within family-owned enterprises.
- Leadership Development: The programme often focuses on developing leadership skills specific to family business contexts, such as conflict resolution, effective communication within family structures, and fostering collaboration among family members.
- Entrepreneurial Ventures: The programme may inspire and empower graduates to pursue entrepreneurial ventures within the family business context or to launch their own family-owned enterprises, leveraging the skills and insights gained during their studies.
Suggested Reading for MBA in Family Business Management:
Family Business courses are specialised educational programs that focus on the unique challenges, dynamics, and strategies associated with managing and operating a business that is owned and operated by members of the same family.
Family Business courses are designed to provide individuals with the knowledge, skills, and tools necessary to navigate the complexities of running a family-owned enterprise successfully.
Pursuing Family Business Courses can be very benificial. Following are some of the benifits for pursuing the course:
- Understanding Family Dynamics: Family businesses are distinct in that they involve both family and business aspects.
- Succession Planning: One of the most critical aspects of family businesses is planning for the transition of leadership and ownership to the next generation.
- Specialized Knowledge: Family business courses will offer specialised knowledge and skills which are tailored to the specific needs of family-owned business.
- Career Opportunities: If you are planning to work in your family businesses having a background in family business management course can make you a more attractive candidate for various roles, including managerial, consulting, and advisory positions.
- Family Business Courses: Eligibility Criteria
- Family Business Entrance Exams 2025
- Types of Family Business Courses in India
- Family Business Courses Syllabus and Subjects
- Best Colleges for Family Business Courses in India
- Popular Private Family Business Courses Colleges in India
- Family Business Career Scope: Job Profiles, Salary and Top Recruiters
- Family Business Courses FAQs
- Most Popular Courses
- Popular Family Business Courses UG Courses
- Popular Family Business Courses PG Courses
Family Business Courses: Eligibility Criteria
The eligibility criteria for Family Business courses can vary depending on the specific program and institution. However, here are some common Family Business eligibility requirements candidates might encounter when applying for Family Business courses:
Course Level |
Eligibility Criteria |
---|---|
UG (BBA in Family Business) |
Class 12 or equivalent examination from a recognized board. |
PG (MBA in Family Business) |
Students should have completed Graduation from a recognized university. |
Note: This information is sourced from the official website and may vary.
Family Business Courses suggested topics:
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Family Business Admission 2025
- Step-1 Choose the program:
First research and choose the program, then look for universities or colleges that offer Family Business programs. Don't forget to review the curriculum, specializations, faculty, and facilities after that, check academic qualifications, entrance exam requirements, and any additional criteria.
- Step-2 Prepare Required Documents:
Prepare all the documents beforehand so that no last-minute issues occur. The documents include academic mark sheets, certificates, Standardized Test Scores (GMAT or GRE), and letters of recommendation.
- Step-3 Fill out the Application Form and Pay the Fees:
Complete the application form provided by the institution. This may be done online or on paper, and pay any required application fees.
- Step-4 Entrance Exams (if applicable):
If the program requires an entrance exam, such as a common entrance test or a specific university's test, register and prepare for it. Take the exam then wait for the result.
- Step-5. Submit Application:
Submit all required documents along with the completed application form. Always ensure that all documents have been received and verify the status of your application.
- Step-6 Interview (if applicable):
Some programs require a personal or virtual interview. Attend it and demonstrate your motivation, skills, and suitability for the program.
- Step-7 Await Admission Decision:
Monitor the admission portal or your email for updates on the results. If accepted, an official offer letter will be provided by the university.
- Step-8 Confirm Enrollment:
Confirm your intention to enroll in the program and pay the required enrollment or tuition Fees.
- Step-9 Prepare for the Start of Classes:
Follow the instructions for course registration and orientation. If needed, arrange for on-campus or off-campus housing and attend any orientation sessions to familiarize yourself with the campus and program.
- Step-10. Start Classes:
Attend classes and start your academic journey.
Family Business Courses you may be interested in:
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If you aspire to run your family business, the choice of degree should ideally align with the nature of the business and provide you with a solid foundation in key business skills.
Below are some of the options of courses that can prepare candidates for a leadership role in a family business:
- BBA
- BCom with a Business Management Focus
- BSc in Entrepreneurship
- MBA in Family Business Management
- Bachelor of Management Studies
The duration of MBA in Family business is same as MBA because it a specialisation provided in MBA Course. Most of the MBA full-time programs follow a trimester or semester system with coursework, live projects and industry interactions.Candidates can check the duration below:
- Full-time MBA in Family Business – 1 to 2 years
- Executive MBA in Family Business (for working professionals) – 1 year
- Part-time MBA in Family Business or Online MBA in Family Business – 1.5 to 3 years
For more information regarding MBA Click the link below:
What is MBA
Family Business Entrance Exams 2025
Since the Family Business courses are a part of the Business Management stream and are offered as a specialization in MBA (or BBA), admission is usually based on entrance exams. Some institutes conduct their entrance test whereas some accept the national-level MBA entrance exam scores for admission. Few institutes also offer direct admission to candidates based on their marks in graduation.
Some of the popular entrance exams for Family Business courses are given below:
Entrance Exams |
Exam Dates |
Exam Details |
---|---|---|
MAT 2025 |
MAT PBT - 31 May ' 25 MAT CBT - 08 Jun ' 25 |
|
CAT 2025 |
Nov '25 (Tentative) |
|
XAT 2026 |
Jan '26 (Tentative) | |
CMAT 2025 |
May '25 (Tentative) |
|
ATMA 2025 |
01 Jun ' 25 |
|
MAH CET 2026 |
Apr '26 (Tentative) |
Note: This information is sourced from the official website and may vary.
Enhance your skills:
Click to Read CAT Previous Year Papers
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Important Exam Dates
Dates | Past Exam Dates |
---|---|
09 Jun ' 18 | MMET 2018 June exam |
24 Mar ' 18 | MMET 2018 March exam |
Aug '25 - Sep '25 | CAT 2025 registration TENTATIVE |
Sep '25 | CAT 2025 form correction process TENTATIVE |
18 Jul ' 25 | MAH MBA CAP 2025 provisional merit list release |
19 Jul ' 25 - 21 Jul ' 25 | MAH MBA CAP 2025 Submission of grievances |
22 May ' 25 | SET result 2025 |
11 May ' 25 | SET Exam 2025 (Test 02) |
17 Jul ' 25 | MAT CBT July 2025 admit card |
20 Jul ' 25 | MAT CBT July 2025 |
The format for the entrance exam of Family business course are:
Objective Type: Multiple-choice questions (MCQs) are common, covering various business and family business-related topics.
Descriptive Type: Some exams may include essay questions or case studies that require detailed responses.
Duration: The duration can vary, typically ranging from 1 to 3 hours.
In rare circumstances, it is possible to pursue an MBA without taking any entrance exam. The CAT, MAT, GMAT, XAT, and other standardized entrance exams are required for admission to many MBA programs worldwide.
If you are not planning to take the CAT in 2024, listed below are some direct admission eligibility criteria to help you be accepted into MBA programs.
- The minimum score required in the UG level examination may differ from one college to another, however, the student must have scored at least 50%-65% aggregate in his or her graduation.
- For the reserved category, the score should at least be 45% aggregate.
- Some institutes accept other competitive exam scores such as XAT, MAT, GMAT, NMAT, ATMA, SNAP, etc.
Types of Family Business Courses in India
In India, there are a variety of Family Business courses that are offered at different educational levels. These courses are designed to provide comprehensive training in the field of Business & Management and equip the individuals to pursue careers within his Family.
Here are some common types of Family Business courses available in India:
Family Business Courses - UG Level
Undergraduate courses for Family Business includes Candidates can check the list of UG courses offered in Family Business courses along with popular colleges offering them in India in the table below:
Family Business Courses | MBA in Family Business Colleges | Fees |
---|---|---|
BBA in Entrepreneurship and Family Business Management
|
Amity University, Noida | INR 12.54 Lakh - 16.72 Lakh |
MIT-WPU | INR 12.75 Lakh | |
Parul University | INR 4.02 Lakh - 5.36 Lakh | |
Manav Rachna University (MRU) | INR 4.45 Lakh | |
Institute of Business Management, GLA University | INR 3.45 Lakh - 4.7 Lakh | |
Quantum University | INR 5.33 Lakh | |
OP Jindal University, Raigarh | INR 3.3 Lakh | |
P. P. Savani University | INR 7.6 Lakh | |
PES University | INR 7.2 Lakh |
Note: This information is sourced from the official website of the institute and may vary.
Family Business Courses - PG Level
Postgraduate Family Business courses are MBA in Family Business. Candidates can check the list of PG courses offered in Family Business courses along with popular colleges offering them in India in the table below:
Family Business Courses | MBA in Family Business Colleges | Fees |
---|---|---|
MBA in Entrepreneurship and Family Business | Jamia Millia Islamia | INR 1.3 Lakh |
Amity University, Ranchi | INR 7.8 Lakh | |
Institute of Management | INR 10.24 Lakh | |
Amity University Mumbai | INR 9.44 Lakh | |
DY Patil University School of Management | INR 9.5 Lakh | |
PGPM in Family Business and Entrepreneurship |
Great Lakes Institute of Management | INR 11.5 Lakh |
Calcutta Business School | INR 7.45 Lakh | |
Post Graduate Program in Family Business & Entrepreneurship |
Great Lakes Institute of Management, Gurgaon | INR 22.5 Lakh |
Indian School of Business, Hyderabad | INR 42.13 Lakh | |
AURO University | INR 4.21 Lakh | |
Aachi Institute of Management and Entrepreneurial Development (AIMED) | NA |
Note: This information is sourced from the official website of the institute and may vary.
An MBA in Family Business is best suited for those who want to take over, expand or professionalize their family-run business rather than work for corporations. On the other hand MBA is designed to equip students with advanced skills and knowledge in business management and leadership roles in Corprate Sector.
Pursuing an MBA in Entrepreneurship and Family Business from reputed institutes such as Symbiosis, SPJAIN, NMIMS, ISB, etc. , can be worth it depending on your career goals and aspirations. Here are some points to consider:
- Specialised knowledge: An MBA in Entrepreneurship and Family Business provides specialised knowledge and skills related to managing and running family businesses. This can be particularly useful if you plan to take over or start a family business in the future.
- Networking: These institutes offer excellent networking opportunities, giving you access to successful entrepreneurs and industry experts. This can help you build valuable connections and learn from their experiences. Resources: These institutes offer access to resources such as mentors, incubators, accelerators, and funding opportunities. This can be particularly useful if you plan to start a new venture.
- Reputation: Institutes such as Symbiosis, SPJAIN, NMIMS, and ISB have a good reputation and are well-known for their entrepreneurship and family business programs. This can help you build credibility and increase your chances of securing funding or partnerships.
- Cost: Pursuing an MBA in Entrepreneurship and Family Business can be expensive, and you need to weigh the cost of tuition and living expenses against the potential benefits.
In conclusion, pursuing an MBA in Entrepreneurship and Family Business from institutes such as Symbiosis, SPJAIN, NMIMS, ISB, etc., can be worth it if you have a clear career goal and plan to start or manage a family business. However, it is essential to research and consider all factors before making a decision.
Family Business Courses Syllabus and Subjects
The Family Business Curriculum includes power and leadership, professionalism of family business, market research, and operations management, among others. Family Business Courses are pursued at various levels, such as UG Level, PG Level.
BBA in Family Business Syllabus: UG Level
The course curriculum of the BBA in Family Business is inclusive of both theoretical as well as practical subjects. Given below is the syllabus of the BBA Family Business program:
BBA in Family Business Syllabus - I | |
---|---|
Principles of Business Management | Business Statistics |
Introduction to Business Economics | Computer Applications |
BBA in Family Business Syllabus - II | |
Business Environment | Human Resource Management & Development |
Marketing Theory and Practices | Understanding International Business Management |
BBA in Family Business Syllabus - III |
|
Individual Excellence & Social Dynamics | Foreign Business Language |
Open Elective Courses | Outdoor Activity-Based Courses |
BBA in Family Business Syllabus - IV | |
Social Media Marketing | Business Policy and Strategic Management |
Entrepreneurship and Small Business Management | Fundamentals of Project Management |
BBA in Family Business Syllabus - V | |
Fundamentals of Family Business Management | Advanced Digital Marketing |
Export Management | Fundamentals of Entrepreneurial Marketing |
BBA in Family Business Syllabus - VI | |
Artificial Intelligence and Business Applications | Basics of Artificial Intelligence |
International Marketing | Entrepreneurial Resource Management |
Note: This information is sourced from the official website and may vary.
MBA in Family Business Syllabus: PG Level
The table below elaborates on the MBA in Family Business Subjects:
MBA in Family Business Syllabus - Semester 1 | |
---|---|
Family Business Management | Business Plan Preparation |
Small Business Promotion | Entrepreneurial Finance |
MBA in Family Business Subjects - Semester 2 | |
Technology Innovation and Sustainable Enterprise |
Social Entrepreneurship |
Business Plan and Ethics | Innovation and Creativity, Mergers and Acquisitions |
MBA in Family Business Syllabus - Semester 3 | |
Business Regulations | Finance and Tax Strategies for Family Business |
Cost and Management Accounting | Sickness and Turnaround Strategies |
MBA in Family Business Subjects - Semester 4 | |
Managing Human Resources | Organizational Behaviour |
New Product Development | Enterprise Resource Building |
Note: This information is sourced from the official website of the institute and may vary.
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Detailed Family Business Syllabus
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Family Business Management focuses on teaching individuals how to successfully manage and navigate the unique challenges faced by businesses that are owned and operated by family members. Family Business Management covers a wide range of topics, including strategic planning, governance, succession planning, and organizational structure.
Candidates can check the Family Business Management syllabus below:
Semesters | Main Subjects |
---|---|
Semester 1 | Family Business Management, Business Plan Preparation, Small Business Promotion, Entrepreneurial Finance, Dynamics of Family Business Governance. |
Semester 2 | Technology Innovation and Sustainable Enterprise, Social Entrepreneurship, Business Plan and Ethics, Innovation and Creativity, Mergers and Acquisitions. |
Semester 3 | Business Regulations, Finance and Tax Strategies for Family Business, Cost and Management Accounting, Sickness and Turnaround Strategies, Corporate Governance and Social Responsibility. |
Semester 4 | Managing Human Resources, Organizational Behaviour, New Product Development, Enterprise Resource Building, and Finance Management. |
The Syllabus is prepared very carefully by taking in mind all the aspects a student needs in real life.
- Practical Exposure: Through internships, consulting projects, and case studies.
- Expert Insights: Learning from faculty with experience in family business consulting or management.
- Networking: Opportunities to connect with family business leaders and alumni for insights and mentorship.
Following are the topics that are covered in the syllabus of Family Business courses:
Family Business Dynamics: Understanding family structures, roles, and governance.
Succession Planning: Strategies for transferring leadership and ownership across generations.
Family Governance: Mechanisms for decision-making, conflict resolution, and family meetings.
Business Strategy and Management: General business management principles applied to family-owned businesses.
Financial Management: Financial planning, control and management specific to family enterprises.
Legal and Tax Issues: Legal considerations and tax implications for family businesses.
Conflict Resolution: Techniques for managing and resolving conflicts within family businesses.
Ethics and Values: Addressing ethical dilemmas and integrating family values into business practices.
Best Colleges for Family Business Courses in India
Several renowned universities and business schools around the world offer Family Business courses and programs. These institutions are known for their expertise in Family Business courses and provide valuable education and resources for individuals interested in Family Business courses.
Here are some top colleges and universities known for their Family Business courses:
Best Government Colleges for Family Business Courses
In India, government colleges and universities often provide quality education in various fields, including Family Business courses. While Family Business courses may not be as common in government institutions compared to private business schools, there are still some government colleges that offer relevant Family Business courses and programs.
Here are a few government institutions in India known for their Family Business courses:
Family Business Government Colleges |
Family Business Government College Fees |
---|---|
INR 8,550 |
|
INR 10,000 |
|
INR 41,580 |
|
INR 60,000 |
|
INR 1.3 Lakh |
|
INR 4.4 Lakh |
|
INR 12.49 Lakh |
Note: This information is sourced from the official website of the institute and may vary.
Best Private Colleges for Family Business Courses
These colleges have a strong reputation for providing high-quality education and preparing students for successful careers after Family Business courses.
Here are a few private institutions in India known for their Family Business courses:
Family Business Private Colleges |
Family Business Private College Fees |
---|---|
INR 12.54 Lakh |
|
INR 3.4 Lakh - 7.45 Lakh |
|
INR 42.13 Lakh |
|
INR 9.68 Lakh |
|
INR 12.75 Lakh |
|
INR 6.6 Lakh |
|
INR 2.31 Lakh |
|
INR 15.72 Lakh |
|
INR 22.5 Lakh |
|
INR 17.05 Lakh |
Note: This information is sourced from the official website of the institute and may vary.
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Family Business Applications open. Apply Now
Top notch institutes in India for pursuing BBA in Family Business are:
- IIM-Indore
- Shri Narsee Monjee College of Commerce and Economics
- K. J Somaiya Mumbai, Lovely Professional University
- Delhi University
- Christ University
- MS Ramaiah University
- Madras Christian College
- Mount Carmel College
- Mumbai, Wilson College
- Lala Lajpat Rai College of Communication & Economics
The fee structure for MBA in Family Business and Entrepreneurship at Amity University, Patna is INR 2.93 Lacs per year.
However, this is just the tuition fees. There are also other fees that you will need to pay, such as the hostel fee, the mess fee, and the library fee. The total cost of studying MBA in Family Business and Entrepreneurship at Amity University, Patna will vary depending on the programme that you choose and the facilities that you choose to avail of.
Here is a table of the fee structure for MBA in Family Business and Entrepreneurship at Amity University, Patna:
Program | Fee per year |
---|---|
MBA in Family Business and Entrepreneurship | INR 2.93 lakhs |
The fee structure for MBA in Family Business and Entrepreneurship at Amity University, Patna is subject to change. You can find the latest fee structure on the university's website.
Here are some ways to reduce the cost of studying MBA in Family Business and Entrepreneurship at Amity University, Patna:
- Apply for scholarships: Amity University, Patna offers a number of scholarships to students who meet the eligibility criteria.
- Apply for financial aid: Amity University, Patna also offers financial aid to students who need it.
- Work part-time: You can work part-time while you are studying MBA to help cover the cost of your education.
I hope this helps!
Popular Private Family Business Courses Colleges in India
Family Business Applications open. Apply Now
Family Business Applications open. Apply Now
Family Business Applications open. Apply Now
Family Business Career Scope: Job Profiles, Salary and Top Recruiters
Candidates after completing the Family Business courses may either join their family businesses or start their own venture.
Besides this, candidates can take up managerial roles in business houses, MNCs, or corporate houses in profiles like business administrator, business manager, accounts manager, etc. The Family Business salary will depend on the type of role and profile.
Family Business Salary in India
The average salary in a family business largely depends on factors such as the size of the business, the industry it operates in, and the region in which it is located.
Candidates can check the job profiles often chosen by the candidates after the Family Business course along with their average salary in the table below.
Job Profiles |
Description |
Average Salary |
---|---|---|
Family Business Manager/Executive |
They play a pivotal role in overseeing the operations of a family-owned business. |
INR 4 LPA - INR 12 LPA |
Succession Planner |
They have an essential role within an organization that focuses on ensuring smooth transitions of leadership and talent within the company. |
INR 3.4 LPA - INR 17 LPA |
Family Business Consultant |
They are an expert professional who specializes in guiding and assisting family-owned businesses. |
INR 3 LPA - INR 27 LPA |
Family Office Manager |
They are skilled professionals who oversee the comprehensive financial operations of a high-net-worth individual or family. |
INR 22.2 LPA - INR 37.2 LPA |
Note: The average salary has been taken from Ambitionbox.com.
Family Business Top Recruiters
When it comes to pursuing a course in Family Business, it's crucial to have a clear understanding of the top recruiters who actively seek out graduates in this field. These recruiters play a pivotal role in ensuring that the skills and knowledge acquired during the course are put to good use.
Candidates can check the top recruiters in the table below:
Family Business Top Recruiters |
||
---|---|---|
Deloitte |
Infosys |
KPMG |
Mahindra |
Tata |
Hindustan Unilever |
Airtel |
Amazon |
American Express |
Students also liked these Family Business Courses links:
What is the difference between Management and administration?
The salary of an MBA graduate specializing in Family Business in India can vary widely depending on several factors such as the individual's level of experience, the reputation of the business school from which they graduated, the size and profitability of the family business, the industry in which the business operates, and the geographic location.
However, here's a general overview of the salary range based on different experience levels:
· Entry-Level: INR 5 - 10 LPA
· Mid-Level: INR 10 - 20 LPA
· Senor-Level: INR 20 - 50 LPA
While pursuing an MBA in Family Business Management is not necessary for the upliftment of one’s family business endeavours, however, the course can help in numerous ways.
Whether you need to pursue an MBA in Family Business Management to expand your family's business depends on various factors, including your current skills, the specific needs of the business, and your long-term goals.
Here are some considerations to help you make an informed decision:
- Understanding Family Dynamics: Family businesses often have complex dynamics that can affect decision-making, succession planning, and overall business strategy.
- Succession Planning: Succession planning is a critical aspect of family business management, ensuring a smooth transition of leadership and ownership from one generation to the next.
- Enhancing Leadership Skills: Effective leadership is essential for the success of any business, and family-owned enterprises are no exception.
- Access to Resources and Expertise: Many MBA programs have faculty members with expertise in family business management, as well as resources such as research centres, case studies, and industry partnerships focused on family-owned enterprises.
Family Business Courses FAQs
Here are some important FAQs related to the Family Business Course:
MBA in Family Business is a specialised programme that focuses on equipping individuals with the knowledge and skills required to successfully manage and sustain a family-owned business. This unique degree programme goes beyond the traditional MBA curriculum and delves into the complexities and dynamics specific to family-owned enterprises.
MBA in Family Business covers a wide range of topics, including strategic planning, succession management, governance, conflict resolution, and wealth preservation. MBA in Family Business emphasizes the importance of balancing family dynamics with business decision-making, as well as fostering intergenerational communication and collaboration.
Yes, an MBA in Family Business Management is worth it if you intend to work within your family business or aspire to take on leadership roles within it, an MBA in Family Business can provide valuable knowledge and skills tailored to the unique challenges of managing such enterprises.
If you're already involved in the family business, an MBA in Family Business Management can equip you with a broader set of management skills that can be applied to various aspects of business operations, potentially leading to improved performance and competitiveness.
The primary distinction between an Entrepreneurship programme and a Family Business Management programme in BBA/MBA lies in their focus and scope. An Entrepreneurship programme generally emphasizes the skills and mindset required to start and manage a business, irrespective of its ownership structure. It covers aspects like ideation, business planning, and risk management applicable to a variety of ventures.
On the other hand, a Family Business Management programme specifically tailors its curriculum to address the unique challenges of running a family-owned enterprise. It delves into topics such as succession planning, family dynamics in business, and governance structures unique to family businesses. While both programs foster business acumen, the Family Business Management programme narrows its focus to address the intricacies of businesses where family relationships are intertwined with the management structure. Choosing between the two depends on whether your interests lie in launching a new venture or managing an existing family business.
Know More:- https://www.shiksha.com/college/entrepreneurship-development-institute-of-india-gandhinagar-1363
Family Business studies is a field of research and education that focuses on understanding the unique dynamics, challenges, and opportunities of businesses that are owned and managed by families. Family Business studies examine the intersection between family and business, exploring the complexities that arise when these two worlds collide.
Family businesses are a distinct category characterized by the strong presence of family influence in decision-making processes, succession planning, and the transmission of values and traditions.
A BBA in Family Business is a specialised degree programme that focuses on preparing students for the unique challenges and opportunities of running a family-owned business. BBA in Family Business combines traditional business education with a deep understanding of family dynamics and the complexities of succession planning.
Students enrolled in a BBA in Family Business will gain knowledge in areas such as Finance, Marketing, Management, and Entrepreneurship, but also gain valuable insights into how to effectively navigate the intricacies of family-owned enterprises.
Yes, the PGDM Entrepreneurship at EDII equips the students with innovative ideas about involving family business and developing the skills to become an entrepreneur. Curriculum is built in such a manner that it provides students with complete knowledge about business processes, both for family owned firms and for small businesses. Through the use of office courses, practical cases and other tools students formulate strategic plans, study options of succession, deal with conflicts, as well as perfect communication within a family-owned enterprise.
Besides, the theme of Experiential Learning has been embedded at EDII to ensure that students receive first-hand training on the problems faced by family owned business organizations. They have close ties with industry practitioners, join training classes and find out real working scenarios to change the theories to reality. By so doing the entire process does not only work towards a sustainable enterprise but also equips the next generation generations to lead and sustain the family legacy through its creation.
We have EDII for PGDM Entrepreneurship offers you the best way to entrepreneurship success and at the same time set you up for the skills for the family business and make it the right place for the upcoming entrepreneurs and the family business leaders.
Read More:- https://www.shiksha.com/college/entrepreneurship-development-institute-of-india-gandhinagar-1363
An MBA in Family Business helps entrepreneurs build a long-term, sustainable business strategy while preserving family values and legacy. Here are some of the benefits of pursuing MBA in Family Business Course:
- Succession Planning – Learning how to transition business leadership from one generation to the next.
- Family Governance & Conflict Resolution – Understanding how to manage disputes, decision-making and ownership structures.
- Professionalizing the Business – Implementing corporate strategies, technology and innovation in traditional businesses.
- Expanding into New Markets – Learning about globalization, franchising and diversification.
- Networking Opportunities – Connecting with other family business owners, industry leaders and investors.
- Wealth Management & Tax Planning – Gaining knowledge about investment strategies, taxation and financial planning for family wealth.
Most Popular Courses
Popular Courses
- Post Graduate Programme in Family Managed Business (PGP-FMB)S.P. Jain Institute of Management and Research, Mumbai
- BBA in Family Business and EntrepreneurshipAmity University, Noida
- MBA in FinanceLM Thapar School of Management
- BBA in Family BusinessGLA University
- Bachelor of Business Administration (BBA Hons.)GLA University
- MBA in Family Business and EntrepreneurshipInstitute of Management, Nirma University
- M.Com. in Entrepreneurship and Family BusinessGoswami Ganesh Dutta S.D. College
- Post Graduate Diploma in Management (PGDM)Calcutta Business School
- Post Graduate Diploma in Management (PGDM)I Business Institute
- BBA in Entrepreneurship and Family BusinessManav Rachna University [MRU]
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Student Forum
Answered 3 weeks ago
Absolutely! BBA in Entrepreneurship is one of the best courses for next-gen family business owners. You will get to learn how to Innovate traditional models, Bring tech & digital solutions into the business, Handle business finance smartly, Deal with vendors, customers and scaling. It also teaches h
P
Contributor-Level 6
Answered a month ago
Pursuing Family Business Courses can be very benificial. Following are some of the benifits for pursuing the course:
- Understanding Family Dynamics: Family businesses are distinct in that they involve both family and business aspects.
- Succession Planning: One of the most critical aspects of family bus
P
Contributor-Level 6
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MBA (Entrepreneurship & Family Business) and BBA (Entrepreneurship & Family Business) are the best Family Business courses in the Management stream that are widely chosen by the candidates.
MBA (Entrepreneurship & Family Business) is a specialised programme designed for individuals seeking to pursue a career in the field of entrepreneurship and family businesses.
On the other hand, BBA (Entrepreneurship & Family Business) refers to a specialised degree programme that focuses on equipping students with the essential knowledge and skills to excel in both the entrepreneurial and family business sectors.