IGNOU Online MBA In Family-Managed Business

The Indira Gandhi National Open University, IGNOU does not provide a specialized online MBA in family-managed business. However, IGNOU offers distance learning through the Master of Business Administration, which can be undertaken for the mastery of basic management skills useful in different areas of business.

What’s new at IGNOU (Indira Gandhi National Open University)?

The minimum duration of the MBA program at IGNOU is 2 years and can be completed in up to 8 years, with flexibility to accommodate the diverse needs of students. The core management subjects covered include finance, marketing, operations, and human resources, forming a solid foundation for people involved in family-run enterprises. 

The course demands a bachelor's degree in any discipline from any recognized university, and there are no age barriers. It thus opens its doors to various aspiring professionals. The nature of the course structure is such that it can be carried out along with personal and professional commitments. This is an attribute that suits family business managers best. 

While IGNOU does not have a specific family business management program, the broad-based management education it provides may help in improving the strategic and operational capabilities of persons working in family enterprises. Specialized education in family business management is available for those who seek such studies through other institutions and delve deeper into unique family business challenges and dynamics. 

To put it all into perspective, IGNOU may not offer an Online MBA focused on Family-Managed Business per se; however, distance learning in its full-time MBA course allows flexible management education to help in various business ventures and will thus be very valuable to family enterprise business managers as well.

IGNOU offers online Master of Business Administration in Family-Managed Business. To apply, one has to satisfy the university's basic admission requirements. These are summarized below:

• The students should have passed a three-year bachelor's degree from an authorized university.
• There is no age bar for this MBA Specialization course and there are no entry tests.
• At least 50% of the general categories and 45% should be for reserved categories.

Note: The course program eligibility differs according to specialization at the university. The students need to visit the official website of the university and check the criteria.

IGNOU Online offers the option of Credit Card/Debit card/Net Banking in its fee payment options but does not provide you a “No Cost EMI” option as of now for any of the online courses.

The IGNOU's Online MBA in Family-Managed Business aims to enable students to have all that is needed to achieve their entrepreneurial or family business success. Some of the vital themes included are strategic management, financial planning, marketing strategies, leadership in family businesses, succession planning, and innovation. Practical case studies along with project work ensure the complexity of managing and growing a family-owned business is grasped by the students. For a better understanding of the curriculum, a general syllabus for an online MBA in Family-Managed Business is given below:

The examination pattern followed at IGNOU online for different types of courses is semester mode, i.e., exams are conducted by the university at an interval of 6 months. For online courses, exams are conducted through an AI-proctored tool for an unbiased performance evaluation of students.

Graduates of the Online MBA in Family-Managed Business of IGNOU can work in family businesses as well as in corporate sectors. Some of the popular job titles are: Business Manager, Entrepreneur, Operations Manager, Strategy Consultant, and Family Business Advisor. Through this program, students also undertake leadership roles, manage growth initiatives, and handle succession issues, ensuring that business will be sustained over a long period. The following are some of the career roles and typical compensation packages for an online MBA in Family-Managed Business graduate student: