Lucknow: Indian Institute of Management Lucknow will launch an MBA programme in family business from the next academic session to train the next generation of family-enterprise leaders and business owners.The two-year MBA in family business aims to equip participants with management capabilities to sustain family legacies, navigate leadership transitions and build future-ready enterprises. The course will focus on a capstone five-to-10-year business transformation and growth plan, enabling graduates to implement strategic initiatives for their companies.IIML director Prof MP Gupta . said, “Through the MBA in family business, we seek to nurture these young leaders who aspire to transform family enterprises into professionally managed, future-ready organisations.” The programme will guide participants through enterprise diagnosis, vision and strategy, succession, leadership transition, innovation and venture investing across six family business labs.It will also offer global immersion opportunities, visits to international family-run enterprises, simulations and case-based learning. Select workshops will enable parents, siblings and elders to join discussions on succession and governance. An official press release said the combination of enterprise-specific problem-solving, cross-generational engagement and long-term strategic planning gave the programme a distinctive, practice-oriented approach. The application deadline for the first phase is Dec 31 and for the second phase is April 2, 2027.Chairperson, MBA in family business, IIML, Prof Garima Mittal said, “Family businesses are important engines of entrepreneurship, employment and economic growth.” Officials said the programme is designed to leverage IIML Enterprise Incubation Centre (IIML-EIC) ecosystem, particularly in areas related to entrepreneurship, innovation, incubation, start-up ecosystem engagement and practitioner interface.
