MBA in Family Business Management: A Way for Nurturing Entrepreneurial Legacy
Family businesses are a fact of life. Most countries have considered them the backbone of economies in that their contribution towards employment, innovation, and the generation of wealth has been immense. The challenge normally comes in when managing a family business. The challenges associated with the management of a family business usually span from governance, succession planning, maintaining family relationships, and adapting to new dimensions in business. Recognising multi-dimensional challenges, several aspiring entrepreneurs and next-generation owners choose to pursue specific courses like the MBA in Family Business Management. What is an MBA in Family Business Management? MBA in Family Business Management is thus designed to provide the required skills for managing and growing family-owned businesses over generations. Other than a regular MBA, this course goes in great detail into the peculiarities that mark family businesses, such as succession planning, conflic...