Entrepreneurs are agents of change not only for industrial and economic transformation but also for social development. Entrepreneurship creates an environment for innovation and inventions, as well as jobs, wealth, resources, and products and services. The major in Family Business and Entrepreneurship is a five year Integrated Master of Business Administration programme. It prepares students to understand the motivation, dynamics, and decision-making ambience of family businesses and entrepreneurs and to develop skills and mindsets for managing businesses.
The Family Business and Entrepreneurship major addresses conception, design, organization, and management of new enterprises and family businesses. It encompasses various facets from opportunity identification through launch, growth, financing and profitability. Students are encouraged to develop an entrepreneurial mindset and hone their skills needed to develop a new enterprise with potential for growth and funding or to identify and pursue opportunities for growth within an existing organisation. Students are taught different tools and techniques required to start a new venture or manage an existing venture. They are trained to work with changing environments, new technological advancements and new business models. Simulation courses give students the opportunity to put together business plans with fellow students. The major also addresses issues like purpose, conflict, succession, leadership and professionalism in the context of family businesses. Students appreciate the importance of ethical business practices and complyiance with government and industry laws and regulations. Courses are offered in areas like strategy, business history, international business, innovation, sustainability, organisational behaviour, finance, marketing and organisational design. The Entrepreneurship Major may also be combined with minor to enhance the student’s entrepreneurial or organisational career options.
On completion of this major, the student will be able to:
The Family Business and Entrepreneurship Major is designed for: (a) potential entrepreneurs; (b) future intrapreneurs—people inside organisations who use entrepreneurship principles to create profitable business lines or introduce Major change; (c) business service providers—consultants, financers and bankers, accountants, lawyers and others who work closely with start-up and operating businesses and current small business owners who are interested in new opportunities through their existing organisations; and (d) members of family businesses.
Offered by | Amrut Mody School of Management |
Programme | Integrated Master of Business Administration |
Degree | Bachelor of Business Administration and Master of Business Administration (Dual Degree) |
Minimum Programme Credits | 165 |
Minimum Major Credits | 105 |
All students entering the undergraduate programme complete our common core, The Foundation Programme, in the first year. The Foundation Programme is designed around four Studios, each of three credits. They are:
Democracy and Justice
Environment and Climate Change
Neighbourhoods
Water
The studios deliver interdisciplinary learning around six domains:
Data Science, Communication, Behaviour, Constitution & Civilisation, Materials, and Biology & Life.
Humanities and Languages GER |
Social Sciences GER |
Biological and Life Sciences GER |
Mathematical and Physical Sciences GER |
Performance and Visual Arts GER |
GER Elective 1: Communication I |
GER Elective 2: Communication II |
GER Elective 3: Identity and Behaviour |
GER Elective 4: Any course at the university outside the major |
GER Elective 5: Any course at the university outside the major |
Major Requirements | Credits |
---|---|
School Core | 18 |
Mathematics I | |
Mathematics II | |
Macroeconomics | |
Statistics | |
Organizational Process | |
Probability | |
Business Analytics | |
Programme Core | 33 |
Marketing Management | |
Human Capital Management | |
Financial Management | |
Financial Accounting | |
Supply Chain Management | |
Operations Management | |
Competitive Strategy | |
Gateway Courses | |
Internship | Required |
Master’s Thesis or Capstone Project | 12 |
Major Core | 9 |
Introduction to Entrepreneurship | |
Business Plan | |
Design Thinking for Business | |
Intellectual Property Rights | |
Products and Markets | |
New Venture Creation | |
Major Electives |
18 |
Marketing of High Technology Products | |
Digital Marketing | |
Business to Business Marketing | |
Business Models | |
Corporate Strategy: Formulation and Implementation | |
Innovation, Technology Strategy and Policy | |
Cooperative Strategy and Ecosystems | |
Pharmaceutical Industry and Healthcare Sector: Challenges and Opportunities | |
Financing for Start-ups | |
Project Management | |
Urban Informal Economy | |
Intellectual Property Management | |
Family Business Management and Policies | |
Succession Planning and Professionalisation | |
Discipline Electives (Minimum 18 credits from postgraduate courses) |
25 |
International Immersion | 2 |
Free Electives provide flexibility to students to customise their education at the University.
All students will complete 30 hours of engagement with society to develop a sense of engagement, concern, build problem solving skills, and understand the role of an engaged member of a society. This will be done through a mandatory course, Engagement with Society, that would be a graduation requirement. This course can be taken anytime during the stay at the University but it is advised that the student engage with the courses during the first two years at the University. The 30 hours of volunteer work may be completed during one semester or during the Winter or Summer Break.