How an MBA in Family Business and Entrepreneurship Prepares you for Success
Family businesses have their own dynamics and challenges, including succession planning, family dynamics, and balancing business and personal interests. Studying MBA in Family Business and Entrepreneurship equips you with the knowledge and tools to navigate these complexities and make informed decisions that can contribute to the long-term success of the business.
An MBA in Family Business and Entrepreneurship typically includes a combination of core business courses and specialized courses focused on the unique aspects of family businesses and entrepreneurship. The specific curriculum may vary depending on the program and institution, but here are some common areas of study:
- Core Business Courses: These courses provide a foundation in key business disciplines such as finance, accounting, marketing, operations, strategy, and organizational behaviour. They help you develop a broad understanding of business principles and concepts that are applicable to any industry or business environment.
- Family Business Management: These courses focus on the distinctive challenges and opportunities faced by family businesses. Topics covered may include family governance and decision-making, succession planning, conflict resolution, managing family dynamics in business, family wealth management, and intergenerational transfer of ownership and leadership.
- Entrepreneurship and Innovation: These courses explore the process of starting and managing entrepreneurial ventures. They cover topics such as opportunity recognition, business plan development, financing options, innovation and creativity, market analysis, risk management, and scaling a business. These courses are particularly relevant if you plan to start your own business or work in a startup environment.
- Strategic Management: Strategic management courses teach you how to develop and implement effective business strategies. They focus on analysing industry trends, competitive dynamics, and market opportunities, and making strategic decisions to achieve long-term success. In the context of family businesses, these courses may address strategic planning that aligns with the family's values and vision.
- Family Business Consulting: Some programs may include hands-on consulting projects where students work directly with real family businesses, providing them with practical experience and an opportunity to apply their knowledge to real-world scenarios. These projects often involve addressing specific challenges faced by the family business and providing recommendations for improvement.
The courses are tailored specifically to the needs of family businesses and entrepreneurs. The curriculum often covers topics such as family governance, family wealth management, intergenerational transfer, conflict resolution, and strategic planning in the context of family businesses. These specialized courses provide you with a deeper understanding of the complexities involved in running a family business.
Q: Is it worthwhile doing an MBA from UPES School of Business?
UPES School of Business MBA students can look for multiple career opportunities and can become Operations Managers, Management Consultants, Marketing Managers, and others. MBA in Oil & Gas Management (Petroleum Marketing & Business Development) programme helps various students to gain proficiency in a variety of software and technology tools that are very much relevant to the industry, such as advanced Excel, SPSS, Python, and other analytics tools such as R-studio. Hence, MBA is a good courses offered at UPES School of Business.
Q: What is unique about UPES School of Business?
The following are a few distinctive features of UPES School of Business:
1. Specialized Domain Focus: UPES provides MBA programs with a focus on specific industries, such as supply chain, power, oil and gas, aviation, and oil and gas, that go beyond general management.
2. Globally Benchmarked Curriculum: To incorporate international best practices into the curriculum, UPES has partnered with leading international business schools such as Purdue University and Bond University.
3. Industry-Centric Approach: To promote experiential learning, a strong emphasis is placed on internships, industry lectures, corporate interaction, and simulations. Nonetheless, some reviews suggest that theoretical rigor can be further enhanced.
4. International affiliations: Partnerships with more than 50 overseas universities that enable student exchange initiatives, international exposure, and semester-abroad opportunities in Europe, Australia, and other regions.
5. Successful Entrepreneurship Cell: Over the years, UPES's "Enactus, " a very active on-campus incubator, has assisted in the development of numerous extremely successful student startups.
6. State-of-the-Art Campus: The university has spent more than 720 crores building an ultra-modern campus spanning 65 acres, complete with smart infrastructure and the newest technologies to support cutting-edge instruction.
In conclusion, UPES School of Business is set apart from other contemporary private universities in India by its specialised domain focus, global curriculum benchmarks, entrepreneurship cell, and emphasis on industry-oriented education within a hi-tech, contemporary campus setting.
Q: Has UPES School of Business collaborated with any college or university?
Yes, UPES School of Business has signed MoUs with various companies and organistaions. UPES School of Business has collaborated with various companies and organistaions. The below-mentioned are UPES School of Business collaborations:
UPES School of Business Collaborations | ||
---|---|---|
University of California, Berkeley | University Canada West | ULaw Business School |
Nottingham Trent University | - | - |
Family businesses often have a long-term perspective and are focused on ensuring the sustainability and continuity of the business across generations. Studying this field provides you with insights into developing strategies and practices that promote the long-term success of the business while maintaining family harmony and preserving the family's values and legacy.
Note - This article is authored by UPES's team.
Q: Is UPES School of Business good for MBA?
Yes, the MBA programme at UPES School of Business is generally good, but there are a few things to keep in mind:
Advantages: - Reputable placements with average pay of 7-8 LPA across specializations
Good facilities and infrastructure, with a sizable, contemporary campusOpportunities for international exchange programs via collaborations with universitiesA focus on hands-on learning through internships, simulations, and other means - Offerings of specialised fields that are pertinent to important industries
Cons: - Some reviews suggest that the academic curriculum could be more rigorous; - Faculty research output is still developing; - Dehradun's location limits industry connections when compared to larger cities; - Lacks the prestige and branding of older IIMs and private colleges; - The return on investment is heavily dependent on securing good placements.
Important Items to Consider: - Program placement history and specialization.Faculty background and business relations
ROI taking into account fees, loans eligibility, and scholarships
In conclusion, UPES MBA is a fantastic choice among the more recent private universities due to its facilities, specialised offerings, experiential learning opportunities, and employment prospects. However, compare options, placements, and costs with the caliber of the faculty.
Q: What are people's opinions on UPES School of Business for MBA?
Some of the common opinions and reviews aout pursuing an MBA degree from UPES School of Business :
Positive Review/Opinion:
Excellent professors, many of whom have worked in the industry. Provide exposure to real-world situations.
A focus on hands-on learning via projects, industry visits, simulations, etc.
Good placement history, with numerous top businesses visiting the campus. Salary average of roughly 6–8 LPA.
Good facilities and a vibrant campus community with plenty of housing, sporting opportunities, events, etc.
Exposure to other countries through global immersion, student exchange programs, etc.
Negetive Review/ Opinion:
Not as well recognised as older IIMs/top tier business schools, being a relatively newer institute.
Campus is located in Dehradun, lack of major industries/jobs nearby.
Limited seats and high fees, especially for niche programs. Scholarships limited.
Overall, UPES MBA provides good opportunities for practical learning but has scope to establish its reputation over time.
Q: How is the campus life at UPES School of Business?
Overall Infrastructure Rating gven by Shiksha according to the verified reviews is 4.4. According to the student's review, the college life is quite good. It is a Wi-Fi enabled campus with a digital library, highly-equipped labs, medical facilities, sports and games facilities, a food court providing each and every variety of good-quality food, and others. One of the verified reviewer stated that 'The hostel facilities are comfortable, and the mess serves hygienic food with a variety of options.'
Q: How is life at UPES School of Business?
According to UPES, the School of Business focuses on developing a pool of talented professionals who are ready to enter their fields. The university also has partnerships with industries to ensure students have exposure and can quickly transition into professional roles.
Academic Schedule is strict. 75 percent attendance will be mandatory. And in some classes you will have to be more regular (considering the strictness of faculty).
You will spend most of your time in food courts, mostly copying assignments. Or at Nescafe, drinking coffee, iced tea or eating chicken sandwich. Or PMC Wifi Park (This a campus lingo, you will know the full form only when you join). Or maybe at Amphitheater or Chitrakoot. These are some of the lovely places for both singles as well as couples.
Campus life
Some say the campus is vibrant and conducive to learning, research, and personal growth. Others say the campus life is wonderful, and that teachers and seniors are supportive.
Faculty and infrastructure
Some say the faculty and infrastructure are good.
Atmosphere
Some say the ambiance is beautiful, and that the university takes care of its students.
Life skill courses
UPES offers life skill courses that help students upskill and pick up additional skills. These courses focus on employability, communication, management, and professional skills
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School of Business, UPES, P.O. Kandoli Via Premnagar
Dehradun ( Uttarakhand)
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Student Forum
Answered 3 weeks ago
UPES School of Business offers MBA courses across multiple specialisations, which are as follows:
- MBA in Finance Management
- MBA in Family Business and Entrepreneurship
- MBA in Human Resource
- MBA in Operations Management
- MBA in Digital Business (Cloud Computing)
- MBA in Power Management (
A
Contributor-Level 6
Answered 3 weeks ago
SCMS Cochin School of Business is ranked 36 under the MBA (Private) category by Outlook ICARE 2024. The college is also ranked 70 by Business Today 2024 for MBA. Hence, it is one of the top ranked colleges present in India. Being a top ranked college, SCMS Cochin School of Business has won various a
A
Beginner-Level 4
Answered 4 weeks ago
The admission procedure for the UPES School of Business in Dehradun, India involves a series of steps:
- Check for the Eligibility, when you meet the eligibility criteria for the programme proceed with the next steps
- Complete the application form in the UPES website.
- Your application will undergo for ass
L
Contributor-Level 6
Answered 3 weeks ago
Yes, applications are open at UPES School of Business for various courses. The mode of application is online. The application process is conducted online through the official website of UPES. Candidates need to fill out an application form with a fee payment of INR 1,750. Candidates can fill out the
N
Contributor-Level 7
Answered 3 weeks ago
UPES School of Business admissions are currently open for various courses. Candidates are selected for courses based on their entrance exam scores. These courses are provided across Digital Business, Management, and various other streams. Admission to various courses is based on merit and accepted e
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Contributor-Level 7
Answered 3 months ago
No, candidates cannot join UPES School of Business directly. Aspirants must sit and appear for entrance exam as per repective courses. Students can check the table presented below for more details:
Courses | Eligibility | Selection Criteria |
---|---|---|
MBA/PGDM | Class 12 with a minimum of 50% aggregate, Graduation with a minimum of 50% aggregate | UPESMET, MAT, XAT, CAT, NMAT, CMAT, CUET, UGAT + Group Discussion + Personal Interview |
BBA | Class 12 with a minimum of 50% aggregate | UPESMET UG/CUET/UGAT |
BCom | Class 12 with a minimum of 50% aggregate with Science, Commerce or Arts | Personal Interview |
BCom (Hons) | Class 12 with a minimum of 50% aggregate with Science, Commerce or Arts | Personal Interview |
Answered 3 months ago
BCom full form is Bachelor of Commerce. The B.Com course is a 3-year UG degree designed to provide students with a solid foundation in the principles of Commerce and Business. Students can check the few of the career options available after completing BCom course from UPES School of Business:
Job Profiles | Average Salary | |
---|---|---|
Accountants | Accountants meticulously navigate financial landscapes, decoding numbers to unveil insights and ensure fiscal integrity. | INR 2 LPA |
Account Executives | Account executives make dynamic relationships, bridging the gap between client's needs and the offerings of their companies through persuasive communication and strategic problem-solving. | INR 2.5 LPA |
Business Executives | Business executives orchestrate the harmonious symphony of strategy, innovation, and leadership to propel their organizations forward amidst the ever-evolving currents of the corporate world. | INR 3 LPA |
Answered 3 months ago
Candidates who are looking for BCom course admission must meet the eligibility criteria set by the college. Students must pass Class 12 with a minimum of 50% aggregate with Science, Commerce or Arts. The process of selection criteria for students interested in pursuing BCom (Hons) in E-Commerce offe
What are the specialisations in which MBA is offered by UPES School of Business?