MBA in Family Business - Benefits, Syllabus, and Other
Course Details
India has a lengthy and notable history of family-owned businesses that have passed the spark
through generations. These businesses often serve in the manufacturing, textiles, agriculture,
and retail sectors. The aspect that makes them unique and notable is their ability to combine
tradition with modernity. Moreover, it makes them stand out in the current business landscape.
Taking the traditional business further requires rigorous efforts and hard work. However, one
more essential factor is completing a degree in business management to manage the business
efficiently with the current business standards. Pursuing an MBA in Family Business will be of
great use for such family-business enterprises. Let’s dive deep into the article and take a
glimpse of the benefits of an MBA Family Business degree, its syllabus and other essential
course details.
MBA Family Business Course Details
An MBA in Family Business is a two-year professional degree. This academic qualification
programme is offered at the postgraduate level of education to aspiring scholars who wish to
manage and take their family businesses to greater heights. It is a professional discipline
planned and designed for entrepreneurs or those running family businesses.
Students or professionals wishing to pursue the programme must hold an undergraduate
degree in business management or related courses and have five years of work experience. The
work experience criteria are, however, relaxed if the aspiring individual is the owner of a
business. The MBA in Family Business course curriculum is well-equipped with necessary topics
and subjects, providing the required knowledge of the field to the course aspirants. Let's
explore the MBA in Family Business syllabus.
MBA in Family Business Syllabus
MBA Family Business offers a well-designed course curriculum to offer academic excellence to
its graduates. The MBA Family Business syllabus aims to enhance leadership and problemsolving expertise among the aspirants. Moreover, it empowers students to make a difference in
the ever-evolving and dynamic business world. Let’s explore the syllabus of the MBA Family
Business:
 Management Principles and Practices
 Financial Management
 Marketing Management
 Operations Management
 Economics for Managers
 Business Law and Ethics
The MBA Family Business programme is not just about theory but also about practical
applications that allow students to immediately use it in managing and growing their familyowned businesses. Here are some of the practical applications combined in the MBA in Family
Business syllabus:
 Analysis of Successful Family Businesses (Case Studies)
 Real-World Family Business Consulting (Consulting Projects)
 Hands-On Experience in a Family Business (Field Work)
 Industry-Specific Projects (Internship)
 Family Business Plan Development (Capstone Project)
This syllabus is designed according to student's learning needs and provides an overall structure
to help students understand the unique challenges and opportunities faced by family-owned
businesses. The courses and their contents might differ from university to university, depending
on different aspects. This provides students with the flexibility to enhance their learning
experience. Thus, students will be exposed to the never-ending benefits of an MBA Family
Business programme.
Benefits of an MBA in Family Business:
The MBA Family Business programme is not just about discovering business skills; it's more
about personal growth. Through a fascinating case-based learning approach, the course
combines managerial, entrepreneurial, and technical abilities that boost an individual's vision.
Talking of the benefits of MBA in Family Business, let’s take a glance at the various advantages
or the course outcomes that an individual will get after their course completion:
 Course graduates will develop strong leadership skills and be able to navigate the family
business while balancing professional responsibilities and family relationships.
 The programme allows candidates to hone a comprehensive understanding of
international practices, which is highly beneficial for the growth of family businesses. It
broadens candidates' thoughts and ideas, enabling them to apply these to their
businesses.
 MBA Family Business is a well-designed personalised programme that teaches students
how to address unique challenges and complex business-related issues, thus allowing
them to apply their skills to tackle such situations.
Conclusion:
MBA in Family Business is a well-designed personalised programme that holds immense
potential. It significantly enhances an individual's career prospects. It provides professional
growth to its graduates with essential and specialised knowledge and expertise in smooth
family business management.