The Indian Institute of Management Lucknow (IIM Lucknow) has launched a two-year MBA program in Family Business designed for the next generation of business owners and family business leaders. The program is set to commence in July 2027.
Applications for IIM Lucknow’s newly launched ‘MBA in Family Business’ course will be accepted in two phases. The first phase applications end on December 31, 2026, and the second phase applications close on April 2, 2027.
An MBA in Family Business aims to assist participants in managing their family businesses, planning for leadership transitions, and identifying avenues for business expansion. This MBA program in Family Business will combine classroom learning with practical work related to their own businesses.
What topics are covered in the MBA in Family Business?
This program includes subjects like business management, leadership, succession planning, growth strategies, and investments. Participants will also create a 5- to 10-year business transformation and growth plan for their family enterprise.
The course includes six ‘Family Business Labs’ spread across six trimesters. These sessions will focus on understanding business challenges, setting goals, planning for leadership transitions, and exploring new growth opportunities.
This program includes six ‘Family Business Labs’ distributed over six trimesters. These sessions will concentrate on grasping business challenges, defining goals, strategising leadership changes, and discovering new growth opportunities. Students might additionally get the chance to tour international family businesses and participate in global immersion programs, case studies, and business simulations.
Certain workshops will also involve parents, siblings, and older family members to enable conversations regarding succession planning and managing the family business.
The MBA in Family Business aims to help business owners and future leaders apply what they learn to their businesses and prepare them for the next stage of growth.
