Rising Demand of Family Business Programs in India
Family business management is one of the hot disciplines at B-schools in India that has its own set of challenges. Our country has always had a huge number of family businesses that have been passing from generation to generation. How well prepared is the next generation and how efficiently will they carry forward this business? To address such problems of a family business, various B-schools in India have come up with family business management.
Family business programs from a top business school would help students to understand the required skills for taking their family business to next level. The scions of businessmen look for the specialized skills to take over the work in a professional environment. This course addresses the problems and universal issues of a family business. It helps students to learn how to cope with challenges, complex structures and introducing latest changes in business as per market trends.
Family Business management program
This program is actually for all those students coming from business family backgrounds and planning to join their family business after the completion of their management courses. There are some colleges in India offering such programs in India for the students from business backgrounds. If a business needs to survive across generations, the newer generation of the business needs to be capable enough to be able to take it forward. This specialized business program helps those students to acquire the required knowledge and skills to handle several aspects of their business in an efficient manner.
This program is best for the students in business families as they don’t face the pressure of job-hunting during the course. They can devote their entire time and energy on the required areas to be capable of handling their business. While for other MBA students job-hunting can be a stressful phase. With such programs, the next generation can get professional knowledge required in managing the family business.
International immersions are also a part of this program where students are taken on a tour to visit institutes and companies abroad to understand the latest trends in businesses.
Colleges offering Family management
• Indian School of Business (ISB) is one of the best colleges in India that has come up with MBA in family business program. It is a 15 months part-time program that is customized to meet the need of those involved in their family business. The course also covers other management areas like accounting, operations, finance and marketing.
• International Management Institute (IMI) is one of the top business schools in Delhi offering 18-month global MBA program in family management.
• IIM Bangalore is also offering a one-year long distance management program for entrepreneurs and family businesses.
You can take a look over top colleges in India offering MBA in business management via internet. Explore your search to know the best colleges and choose the one fulfilling your requirements.