Admission

Family Business and Entrepreneurship

Family business owners have historically played a significant role in shaping economies, preserving entrepreneurial legacies, and contributing to long-term business continuity across generations. Entrepreneurs, more broadly, are widely recognised as critical agents of change who contribute not only to industrial and economic development, but also to broader social and educational transformation. Entrepreneurial activity fosters innovation, stimulates the creation of new products and services, generates employment opportunities, and contributes to wealth and resource creation. 

The Major in Family Business and Entrepreneurship, offered as a five-year Integrated Master’s programme, is designed to prepare students to engage effectively with entrepreneurial ventures, family-owned enterprises, and larger organisations that interact with and support such businesses. The Major in Family Business and Entrepreneurship is intended for:

  1. aspiring entrepreneurs;
  2. future intrapreneurs—individuals within organisations who apply entrepreneurial principles to create new business lines or drive significant organisational change;
  3. business service professionals, including consultants, financiers, bankers, accountants, lawyers, and others who work closely with start-ups and growing enterprises; 
  4. members and successors of family businesses seeking to strengthen and professionalise their enterprises.

The programme may also be pursued in combination with a Minor, thereby expanding students’ entrepreneurial, managerial, and organisational career opportunities. The curriculum addresses the conception, design, organisation, and management of new ventures and family businesses. It covers the entrepreneurial process comprehensively, from opportunity identification and venture creation to growth, financing, and long-term sustainability. Students are encouraged to cultivate an entrepreneurial mindset and develop the analytical, managerial, and leadership capabilities required either to establish high-potential ventures or to identify and pursue growth opportunities within existing organisations.

The programme provides exposure to entrepreneurship across diverse organisational and institutional contexts. Students are trained in the tools and techniques required for launching new ventures, managing existing enterprises, and responding effectively to dynamic business environments, technological disruptions, and evolving business models. Simulation-based courses and experiential learning opportunities enable students to collaborate with peers in developing business plans and venture strategies. In addition, the Major addresses key issues relevant to family businesses, including succession, governance, growth, leadership, conflict management, and professionalisation. Students are also sensitised to the importance of ethical business practices and regulatory compliance. Courses are offered in areas such as strategy, innovation, business history, international business, organisational behaviour, finance, marketing, sustainability, and organisational design. In recognition of the evolving business landscape, students enrolled in the programme are also required to undertake courses in sustainability and in digital technology as well.

On completion of this major, the student will be able to:

  • Assess the attractiveness and limitations of business opportunities
  • Apply theories of innovation and entrepreneurship, along with scientific research methods, to collect and analyse data for understanding market conditions
  • Refine and iterate business ideas to align with market needs and customer requirements
  • Develop and test prototypes by understanding the functional aspects of products and services
  • Analyse key risk areas and operational processes associated with introducing products and services into the market
  • Design, develop, and evaluate business model canvases in real-world market settings
  • Prepare business plans and effectively pitch them to diverse stakeholders for collaboration and investment
  • Understand and execute processes involved in building and managing organisations
  • Demonstrate awareness of sustainable business practices and the role of digital technologies in contemporary entrepreneurial and family business contexts

Major Must Knows

Offered by Amrut Mody School of Management
Programme The Family Business & Entrepreneurship Programme (erstwhile administered as the Integrated MBA Programme)
Degree Bachelor of Science in Management and Master of Business Administration (Dual Degree)
Minimum Programme Credits 200
Minimum Major Credits 105
   


Curriculum Structure (The Family Business & Entrepreneurship Programme (erstwhile administered as the Integrated MBA Programme))