“I run my operation like a family business. I sign every check, every receipt, I’m not tough, but I’m strong.” - said by Ivana Trump...
Family Business Management is a general management programme.This programme is designed for young business leaders of family businesses who intend to manage their business and for individuals who aspire to work in family business.The basic objectives of this study are to explore the factors contributing to their huge turnover and success, Challenges and Strategies, Succession planning and Sustaining Entrepreneurship of Family-Owned Business, Role of women in business, etc.
This Program assist business owners and their familie members-
i. To analyz management and succession planning needs,
ii. To implement workable ownership and leadership transfer,
iii. To determinappropriate key executive compensation and business structure, and
iv. To establish effective shareholder communication.
Top 10 colleges in India which offer Family Business Management : -
3. IIM- Calcutta
5. IIM - Lucknow
7. ISB - Hyderabad
9. LIBA - Chennai
Remuneration in this field depends on the different companies as well as academic achievements, personal skills and capability.
I. Freshers in this field can earn between Rs. 10,000- 30,000 per month specially in private companies or organizations.
II. Those who are Well experienced can earn 3 lacs to 5 lacs per annum.
III. Senior professionals who have better knowledge,experience and skill in this field can earn 50,000 - 60,000 per month.
After graduating from a general management program,one can easily join in a private or public organization. Hige employments are available in a variety of industries. Career and salary potentiality is also prevalent in this occupation.
Some Job Profiles in this field are-
- Business Development Manager
- Manager
- Management Consultant
- Administrative Assistant
- Senior Business Analyst
- Business Process Analyst
Eligibility Criteria For Under Graduate Program-
To take an admission into a UG program candidates need to be completed their 10+2 or equivalent from State Board / Central Board with atleast 60% marks. The duration of the program is of 3 years.
Eligibility Criteria For Post Graduate Program-
i) To take an admission into a PG program candidates must have a degree in any discipline with minimum 50% marks from a recognized Institute. The duration of the program is of 2 years.
ii) Candidates also should have a good score in the following entrance exam-
