Practical aspects of MBA in Family Business
Traditionally MBA courses focus on imparting business related knowledge. With the changing times and requirements, the courses and curriculum must be updated with regard to business. Many students engross themselves in handling family business after completing their MBA. They must be able to run it effectually.
A family business suffers when the control shifts from a one person general approach to a professional management approach. This program is an attempt to resolve and reduce that strain. The course also addresses a multitude of other family business challenges and concerns. In this way, candidates become ready to face those challenges as they are equipped with better governance skills for a family business.
The students get to learn about the business continuity challenges and why does it fail most of the times. An understanding and analysis of the reasons behind failure helps the student prevent this failure in continuation of their own family business. Succession of family business requires proper planning especially in regard to the key positions. Some of the chief roles peculiar to a family business are –
Governance
Taxation
The role of the board
Financing
The MBA programs offered by Top 10 Management Colleges in India include pragmatic aspects, governance, and action-oriented skills. They bring in simulations, live/written cases, discussions, experiences with family businesses.
Theory also comes in picture initially, and students are enabled to use that knowledge while tackling real life problems. The case study makes the theory clearer and solving cases (personal experiences) enhances realistic research and analytical skills. In this way, the candidate pushes the edge of the envelope and attains realistic solutions along with business management skills.
The course is also available at COBMEC, Mody University which is one of the Top Commerce Colleges in India. For more details, check out the college website.
Traditionally MBA courses focus on imparting business related knowledge. With the changing times and requirements, the courses and curriculum must be updated with regard to business. Many students engross themselves in handling family business after completing their MBA. They must be able to run it effectually.
A family business suffers when the control shifts from a one person general approach to a professional management approach. This program is an attempt to resolve and reduce that strain. The course also addresses a multitude of other family business challenges and concerns. In this way, candidates become ready to face those challenges as they are equipped with better governance skills for a family business.
The students get to learn about the business continuity challenges and why does it fail most of the times. An understanding and analysis of the reasons behind failure helps the student prevent this failure in continuation of their own family business. Succession of family business requires proper planning especially in regard to the key positions. Some of the chief roles peculiar to a family business are –
Governance
Taxation
The role of the board
Financing
The MBA programs offered by Top 10 Management Colleges in India include pragmatic aspects, governance, and action-oriented skills. They bring in simulations, live/written cases, discussions, experiences with family businesses.
Theory also comes in picture initially, and students are enabled to use that knowledge while tackling real life problems. The case study makes the theory clearer and solving cases (personal experiences) enhances realistic research and analytical skills. In this way, the candidate pushes the edge of the envelope and attains realistic solutions along with business management skills.
The course is also available at COBMEC, Mody University which is one of the Top Commerce Colleges in India. For more details, check out the college website.
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