I have done my B.Com and I want to join my family business or start my own. Is it worth pursuing an MBA for your family business?

Will it be helpful in starting my own business ?

1 Follower | 956 Views | Posted 9 years ago
Asked by Jainam Shah

  • 30 Answers

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  • Shiksha Ask & Answer

    Answered by

    Ayush Raj | Guide-Level 12

    3 years ago
    As an MBA student, you have great networking opportunities. While pursuing MBA you'll interact with fellow students, professors and teaching staff (businesspeople with great management experience). And this context will expand your family business and its management capabilities. But if you do this course with full enthusiasm and a good university like I know Lovely Professional University is one of the best in both India for MBA. You gain access to the extensive alumni network of that particular MBA programme. Your connections will give you a great overview of the business world. Be ready for a deep understanding of the slightest chan
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  • Yes, It is worth to pursue MBA before entering the family business as it will help you in grooming your analytical and business administration skills.
  • A

    Answered by

    arzoo malhotra | Guide-Level 11

    3 years ago
    MBA programmes with specialties or electives have out all around the world as a logical next step. However, few people have truly grasped the true requirements of this unique skill set. The selection of a B-Institution for an MBA is critical; you must ensure that the school meets all of the criteria. In the Indian setting, some older Iims are performing admirably, but one I. e Mittal School of Business at LPU has made a name for itself in the commercial sector. LPU is a massive ecosystem in and of itself, with over 30000 students and over 5000 staff members. Such a size presents the student with a huge number of entrepreneurial chances
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  • M

    Answered by

    Maulik Singhal

    3 years ago
    Even the government realizes that India requires entrepreneurs, who will start business and give employment. That's the sole reason that the entrepreneurship and family business course has evolved. Yes, it worth pursuing MBA with specialisation in family business as, it provides the knowledge about how to run a well established firm or to start a new venture.
  • S

    Answered by

    Sunita Singh | Guide-Level 15

    3 years ago
    Entrepreneurs, these are the people who either start or run a business in any commercial field. Entrepreneur is a very unique skill or quality. Till few years back it was said that entrepreneurship cannot be taught, it comes naturally to some people. But with advent if newer technologies, new rules, regulations and compliance, newer set of competitors and innovators there is a need of specific training/course to make it big in business. Since entrepreneur is the one who drive the economies and create jobs, it become all the more important to have proper trainings for the talented people aspiring to become one. A logical step followed,
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  • V

    Answered by

    Vibha Gupta | Scholar-Level 17

    5 years ago
    Entrepreneurs, these are the people who either start or run a business in any commercial field. Entrepreneur is a very unique skill or quality. Till few years back it was said that entrepreneurship cannot be taught, it comes naturally to some people. But with advent if newer technologies, new rules, regulations and compliance, newer set of competitors and innovators there is a need of specific training/course to make it big in business. Since entrepreneur is the one who drive the economies and create jobs, it become all the more important to have proper training's for the talented people aspiring to become one. A logical step followed,
    ...more
  • P

    Answered by

    Preeti Makhija | Contributor-Level 10

    5 years ago
    Hi, Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion. Similarly for becoming a Good Business Leader should pursue an MBA in Entrepreneurship programme. Entrepreneurship is referred to as conceptualizing, launching and running a business enterprise to provide goods & services, employment, earn revenue and contribute to the economy of the country. I believe MBA in Entrepreneurship will be the best option to start up your own business. MBA in Entrepreneurship course will equip the students with tools like business model design, lean testing, and customer and
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  • M

    Answered by

    Mehar Sharma Lovely Professional University | Scholar-Level 16

    4 years ago
    MBA gives a good career start and leads to a wide scope for career development and skills. MBA graduates will have the capability to network with the best in the market. MBA degree offers a brand value to you. MBA degree not only enhances professional growth but also personal growth. MBA in Finance, being a postgraduate degree in management has a very wide scope. Graduates can find jobs in some of the top private companies of their respective fields as well as in banking and accounting firms in India. CA can be pursued by a student who has just completed Class 12th, graduation or postgraduate. So, in my opinion choosing to do MBA with
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  • N

    Answered by

    Navneet Kaur | Contributor-Level 10

    4 years ago
    In this world, it is difficult to survive in business with such cut-throat competition. Having a MBA degree will make you a better business person. Lovely Professional University take one step further. They have their own incubation center so that the budding entrepreneurs are groomed accordingly. I would say, The Business School of LPU is accredited by (ACBSP) Accreditation Council for Business Schools and Programs from the USA ensuring quality education and industry-experienced faculty members, studying in LPU will get a degree accredited from a body of USA. LPU has recently Marked among the Top 50 Best Management Institutes by NIRF
    ...more
  • Shiksha Ask & Answer

    Answered by

    Puneet Singh Alumni at LPU Jalandhar | Scholar-Level 17

    3 years ago
    Dear Jainam, Yes, MBA is worth pursuing to run and explore your own business more on an international level. MBA will teach you new and innovative strategies to expand business at a higher level to get maximum revenue. Being alumni of LPU, I highly recommend LPU for an MBA degree based on the following things-
    The Business School of LPU is accredited by ACBSP, Accreditation Council for Business Schools and Programs from the USA ensuring quality education and industry-experienced faculty members, studying in LPU will get a degree accredited from a body of USA. Placement: Every year more than 550+ companies visit LPU for placements. LPU h
    ...more

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