Family Business and Entrepreneurship - Family Business
The Family Business and Entrepreneurship (Family Business) at UPES School of Business, India, is designed to address the unique challenges and dynamics of family businesses. The curriculum consists of core business management courses that provide a strong foundation in finance, marketing, operations, leadership, and strategic management. These courses equip students with essential business skills necessary for managing family enterprises effectively. The program offers specialization focused specifically on family business management. This specialization delves into the intricacies of family business governance, succession planning, conflict resolution, intergenerational wealth management, and managing family dynamics. By studying these specialized topics, students gain in-depth knowledge and understanding of the complexities involved in running and growing a family business.
The Family Business and Entrepreneurship (Family Business) program emphasizes practical learning through various opportunities such as case studies, projects, internships, and industry interactions. Students are encouraged to apply their knowledge and problem-solving skills to real-world scenarios, allowing them to develop a deeper understanding of family business management. The program also facilitates industry connections through guest lectures, networking events, and mentorship programs, providing students with valuable insights and networking opportunities within the family business community.
Furthermore, the program offers experiential learning opportunities by allowing students to visit family businesses and observe their operations firsthand. This practical exposure helps students gain a deeper understanding of the unique dynamics and challenges faced by family enterprises. By the end of the program, graduates will be well-prepared to assume leadership positions in family businesses, whether it's within their own family enterprise or in managerial and consulting roles in other family-owned organizations.
- The Family Business and Entrepreneurship (Family Business) program focuses on the unique dynamics and challenges of family businesses, providing students with the knowledge and skills needed to effectively manage and grow these enterprises.
- Offers a strong grounding in essential business disciplines such as finance, marketing, operations, leadership, and strategic management, ensuring a well-rounded understanding of business management principles.
- Addresses specific needs and complexities of family businesses, covering topics such as family business governance, succession planning, conflict resolution, intergenerational wealth management, and family dynamics.
- Engages students in case studies, projects, and internships focused on family businesses, enabling them to apply their knowledge to real-world scenarios.
- Facilitates guest lectures, networking events, and mentorship programs with successful family business owners, industry experts, and professionals, building a strong network within the family business community.
- Provides resources, expertise, and guidance to navigate the unique challenges of family businesses, including access to experienced faculty, alumni networks, industry connections, and opportunities to visit and interact with family businesses.
Future Scope / Industry Trends
The future scope for graduates of the Family Business and Entrepreneurship (Family Business) program is promising. Graduates can assume leadership positions within their own family businesses, managing and growing the enterprise while navigating the unique challenges of family dynamics. They can also play a crucial role in succession planning, ensuring a smooth transition of leadership. Graduates can work as family business consultants, providing expertise in strategic planning, organizational development, governance structures, and conflict resolution. They can pursue careers in wealth management and financial advisory services, tailored to the needs of family businesses. Entrepreneurial opportunities abound, allowing graduates to start their own ventures or launch new businesses within the family business context. They can also work in family offices, overseeing investments, philanthropy, and estate planning. Joining advisory and professional service firms specializing in family businesses is another option, providing expertise in taxation, legal compliance, strategy, and family governance. Graduates can also contribute to academia and research institutions, conducting research and teaching courses on family business management and entrepreneurship. With their specialized knowledge, graduates can make a significant impact in managing and growing family enterprises, ensuring their long-term sustainability and success.
Completing an Family Business and Entrepreneurship (Family Business) from UPES School of Business opens up a wide range of exciting career opportunities for individuals. Armed with a comprehensive understanding of the unique dynamics and challenges of family businesses, graduates can leverage their expertise to take on various roles within their own family enterprises or explore opportunities in consulting, advisory services, and corporate positions. The program equips students with valuable skills in strategic planning, leadership, finance, marketing, and innovation, enabling them to drive growth and sustainable success in family businesses. Additionally, the entrepreneurial focus of the MBA equips graduates with the knowledge and mindset to start their own ventures or join startups, where they can apply their expertise to create innovative business models and drive entrepreneurial success. With the combination of specialized knowledge, practical skills, and a strong network, graduates of UPES School of Business can excel in the dynamic and ever-evolving landscape of family business and entrepreneurship.
The students have the option to choose from the following professional pathways within the realm of Family Business and Entrepreneurship (Family Business), as outlined below.
- CEO, CFO, COO in Family Business
- Family Business Consultant
- Business Development in Family Business
- Wealth Management
- Entrepreneurial Opportunities
- Academia or Research Institutions
The placements of the Family Business and Entrepreneurship (Family Business) program offered by UPES School of Business are designed to provide students with excellent career opportunities in the realm of family businesses and entrepreneurship. The program equips students with a comprehensive understanding of the unique dynamics and challenges involved in managing and growing a family business. With a focus on practical skills and real-world experiences, UPES School of Business ensures that graduates are well-prepared to take on leadership roles in their family businesses or start their own ventures. The program's placement cell works closely with students, connecting them with prominent family businesses and entrepreneurial firms, offering them diverse career pathways. Graduates of this program have the advantage of a specialized skill set, enabling them to make a meaningful impact in their family businesses and contribute to the overall growth of the entrepreneurial ecosystem.
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The minimum eligibility criteria for Family Business and Entrepreneurship (Family Business) to be fulfilled by interested students is as follows: Minimum 50% marks in Class X, XII and Graduation. Graduation From a recognized University in any stream.
The process of selection criteria for students interested in pursuing Family Business and Entrepreneurship (Family Business) offered by UPES is based on the individual's performance in UPESMET / National Level Exams/ CUET followed by Personal Interview