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Online BBA in Family Business Management
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Updated at : September 30, 2024DOWNLOAD E-BOOK
Online BBA in Family Business Management
BBA in Family Business Management is an emerging course designed to educate students about the nuances of business administration, with a specific focus on family businesses and their effective management and growth. This course is an undergraduate management course and has topics that cover the foundational concepts of management as well as family businesses. This course covers a range of areas such as microeconomics, financial management, human resource management, banking, family business succession, internationalization of a family business, etc. With the approval of UGC-DEB, this course is considered valid to be delivered in online mode.Watch Video
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Online BBA in Family Business Management Program Overview
Online BBA in Family Business Management is a 3-year business management undergraduate degree, specializing in family business management. This program can be pursued by students after 12th and also by working professionals to learn new skill and trends about the industry. To attend classes students use university-provided LMS(Learning Management System) and attend lectures online, in online BBA there is no need to travel to college and physically attend classes. Moreover, the learning schedule is flexible students can decide on their own and also the fees online are comparatively lower than regular BBA which allows students from every background, rural and urban areas to access higher education and achieve a successful career.
This specialized BBA Family Business Management degree includes subjects such as family business governance, succession planning, family wealth management, and entrepreneurial leadership. Other than that students learn about balancing family dynamics, and family business growth strategies and planning. Students learn this online from the highly qualified faculties, and despite being an online program students get multiple resources to learn which ensures top-quality education is provided to students. After completing the program students learn enough skills to help their family businesses in growth, or start new ventures. Also, the learning of business management qualifies students for top roles of management in corporations.
Why Pursue Online BBA in Family Business Management
This program can be pursued for to following reasons:
- Specialized Knowledge- the specialization of family business management, includes subjects that are unique and designed to prepare candidates for challenges in managing the family business, conflicts, and dynamics of the family.
- Strategic Growth- family businesses often face challenges in scaling their business, the program equips students with the required skills and learning which help them to strategically scale their business and increase market share.
- Flexibility- The flexibility in the program allows learners to continue to work on their business and study at the same time, this will also allow them to practically implement the learnings immediately.
- Industry-Relevant Curriculum- the curriculum not only provides family business learning but also overall business management, the syllabus is up-to-date and designed with the topic that prepares students to face real challenges and improve the problem-solving skills of the candidate.
Who Should Pursue Online BBA in Family Business Management
This program can be pursued by:
- Next-Generation Family Members- To grow their family business, understanding the dynamic and strategies of family business management is necessary, this program prepares the next-gen family member to take over their business and make it more successful.
- Aspiring Entrepreneurs- This program is also beneficial for students who dream of starting their own business, the learning of the program can prepare them in advance about the upcoming business challenges. Also, while doing business with family members, the family business management learnings are extremely helpful.
- Family business Employees- the employees who are working in family business, especially in managerial or leadership positions, this program will help them to understand the dynamics better.
This program is well-suited for anybody who wants to learn business management, with specialization subjects of family businesses, you will learn other subjects also.
Key Highlights of Online BBA in Family Business Management In India
- This is an undergraduate course in the field of management.
- The course has a duration of 3 years, which includes 6 semesters. Can be completed in 5 years.
- This is a UGC-DEB-approved course which means online degrees will be valid and accepted internationally.
- the program equips students with the required skills and learning which help them to strategically scale their business and increase market share.
- The course fee for this course ranges between INR 1,00,000 to INR 2,00,000 for the full course.
- This program includes subjects such as family business governance, succession planning, family wealth management, and entrepreneurial leadership.
- Despite being an online program students get multiple resources to learn which ensures top-quality education is provided to students.
- After completing the program students can help their family businesses in growth, or start new ventures. Also, the learning of business management qualifies students for top roles of management in corporations.
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Online BBA in Family Business Management Course Subjects/Syllabus
A general outline of the syllabus of an online BBA in Family Business Management has been given here.
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Online BBA in Family Business Management Curriculum |
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Semester I |
Semester II |
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Microeconomics |
Principles of Management |
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Business Mathematics and Statistics |
Financial and Management Accounting |
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Basic Accounting |
Marketing Management |
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Human Resource Management |
Advanced Accounting |
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Communication Skills |
Computer Application to Management |
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Semester III |
Semester IV |
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Banking |
Research Methodology |
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Logistics and Supply Chain Management |
Compensation Management |
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Indian Economy |
Commercial & Company Law |
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Rural Marketing |
Organization Behaviour |
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Basics of Family-Managed Business |
Succession Planning in Family-Managed Business |
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Semester V |
Semester VI |
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Market Research |
Corporate Strategy |
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Entrepreneurship Development |
Financial Services and Markets |
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Industrial Field Report |
Consumer Behaviour |
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Digital Marketing |
Industrial Relations and Labour Laws |
|
New Enterprise Creation |
Internationalisation of Family Managed Business |
Online BBA in Family Business Management Eligibility & Duration
For admission to an online BBA program in Family Business Management,
- An applicant should have at least completed their HSC education, whether in the 10+2 format or its equivalent from a recognized university/board/council.
- Students from any stream can take admission in this course and some universities may require the student to have a minimum score in the qualifying examination. Usually, the trend in cut-off is between 45% to 50% aggregate marks.
Duration- Being an undergraduate degree course, the duration for completing the program is 3 years (minimum). Students have a maximum of 5 years to complete the course.
Skills required for Online BBA in Family Business Management
- Leadership Skills: Essential for guiding the business and making strategic decisions that affect both the family and the enterprise.
- Strategic Thinking: Ability to plan for the future of the family business, including expansion, and succession planning.
- Financial Acumen: Understanding financial statements, budgeting, and investment strategies is crucial for managing the family’s wealth and ensuring the business's profitability.
- Negotiation Skills: Family businesses often require negotiation within the family and with external partners. Strong negotiation skills help in resolving conflicts resulting in a business's smooth operation.
- Innovative Mindset: The ability to drive innovation within a traditional family business setting is essential for staying competitive in a changing market and trends.
Recommended Books
|
Book Title |
Author |
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Family Business Succession: Your Roadmap to Continuity |
Noel Tripp and Jeffrey S. Tripp |
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Family Wealth: Keeping It in the Family |
James E. Hughes Jr. |
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Strategic Planning for the Family Business: Parallel Planning to Unify the Family and Business |
Randel S. Carlock and John L. Ward |
|
Generation to Generation: Life Cycles of the Family Business |
John A. Davis, Renato Tagiuri, and Ivan Lansberg |
|
The Family Business Map: Assets and Roadblocks in Long-Term Planning |
Morten Bennedsen and Joseph P.H. Fan |
|
Family Business Governance |
Craig E. Aronoff |
|
Managing the Family Business: Theory and Practice |
Thomas Zellweger |
|
Family Business |
Ernesto J. Poza |
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Program Fees for Online BBA in Family Business Management
Starting at ₹ 6,776/month
Program Fee: ₹1,35,000 - ₹1,35,000
Low Cost EMI Available
Recommended
The fee range for a BBA program depends on the mode you choose to pursue it as well. In the online mode, BBA in Family Business Management, the full course fee can range from INR 1,00,000 to INR 2,00,000 depending on the university you choose. Most universities have EMI facilities to flexibly pay the program fees.
Online BBA in Family Business Management Admission Procedure
The admission procedure to an online degree is comparatively simpler and more hassle-free than a regular course. A basic outline of the procedure has been provided here for reference:
- The candidate must visit the official university website and then accordingly register on the website.
- After registration on the website, the candidate must fill in the application form/admission form which is mostly available digitally on the admission portal.
- Upon carefully filling up the personal and educational details in the form, the next step is document verification. In the case of online degrees, the candidate can directly upload the documents in the digitally scanned format to the website’s portal.
- Once the university screens the candidate’s application (through interview/simple screening), the admission status of their form is updated and either confirmed or rejected.
- Once the admission of the candidate is confirmed by the admission administration of the university, they can proceed to pay the course fee and admission fee through virtual banking methods.
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Other Specializations for Online BBA in 2025
Education Loan/EMI Facilities for Online BBA in Family Business Management
Educational loans/EMI Facilities for online BBA in Family Business help students to pay program fees without any burden, these facilities can be availed while paying program fees by anybody but especially beneficial to the student who cannot afford to pay the full program fee at once. With this facility now anyone can pursue higher education and achieve career goals.
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Is Online BBA in Family Business Management Worth it?
Getting a bachelor's degree with a lot of benefits like flexibility, convenience, global institution access and many more at a much lower cost can be possible through an Online BBA program in Family Business Management. Online BBA is UGC-DEB approved which makes the degree recognised and valid all over the world. Because of the flexibility offered in the program, it also becomes accessible for working professionals as they can pursue a bachelor's in family business management while completing other professional commitments.
Upon completion of the program from a recognized university students become eligible for job roles in top MNCs, and placement becomes easier because of the dynamic curriculum offered in the program. Students get jobs based on skills acquired and subject knowledge that are more focused on this learners-centric program.
College Vidya Advantages
Job Opportunity after Online BBA in Family Business Management
The most obvious career path to pursue after completing this course is to join your family business and help it grow and escalate. However, graduates inclined towards employment can also explore their job opportunities in various other family-run businesses or general domains of management.
Here are some of the job roles available for BBA graduates to explore.
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Job Roles After Online BBA in Family Business Management |
|
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Investment Banking |
Corporate Finance |
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Risk Analysis |
International Business Management |
|
Family Business Management |
Market Research Analysis |
Top Recruiters for Online BBA in Family Business Management
Top companies in India and even abroad look for candidates with industry-relevant skills and better subject knowledge. The online format of BBA Family Business provides the same, that most of the recruiter looks at the candidate. With the continuous growth in the startup sector, there are immense requirements for young skilled candidates in top companies such as Cognizant, HCL, Infosys, TCS, Wipro, etc.
Our students work at
Amazon
Dunzo
Flipkart
Johnson Controls
Mckinsey and Company
Radisson Hotels and Resorts
Zivame
Tata Sky
Hindustan Unilever Limited
Decathlon
Let's clear up some doubts about Online BBA in Family Business Management
Yes, as per the guidelines proposed by UGC-DEB as well as the approval from AICTE, BBA is a valid and competent course to be delivered in the online or distance mode of learning.
This course has a duration of 3 years (divided into 6 semesters). The maximum period of completion of the course is 5 years.
No, most universities conduct admissions for this course based on their eligibility criteria and there are generally no entrance examinations as far as online BBA courses are concerned.
The course fee for a BBA in Family Business Management varies depending on the university/college it is obtained from. online BBA in Family Business specialisation the fee range is approximately between INR 1,00,000 to INR 2,00,000.
Yes, after completion of this course, you can seek your career growth in an already family-run business or enterprise. But if you wish to pursue full-time jobs, you can venture into managerial positions in the private and public sectors. Job scopes for BBA graduates and diverse and numerous.
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