IIM Lucknow To Start Two-Year MBA In Family Business In July 2027

The Indian Institute of Management (IIM) Lucknow has introduced a Master of Business Administration (MBA) specialising in Family Business for owners of family enterprises and the next generation of leaders in such businesses. This two-year program is designed to equip participants with the necessary management skills to preserve family legacies, develop leadership abilities, and build thriving enterprises.

Six family business laboratories are conducted throughout the six trimesters, covering topics such as enterprise diagnosis, vision and strategy, succession planning, leadership transition, innovation, and venture investing.

Applications for the first phase of this MBA programme must be submitted by December 31, 2026, with the first cohort set to commence in July 2027. The second phase of applications will be accepted until April 2, 2027. The program will be delivered on-campus with a modular format, requiring participants to visit the Noida campus once a month for about seven days.

The curriculum encompasses core management disciplines, including Family Enterprise Foundations, Family Business Governance, Growth Strategies, Leadership in Family-Managed Businesses, Succession and Generational Transition, Regulatory Frameworks, and Strategic Venture Investing. Participants will also have the opportunity for global immersion through visits to international family-run enterprises, simulations, case-based learning, and select workshops.

These workshops aim to facilitate discussions on succession and governance among parents, siblings, and elders involved in family businesses.

Candidates must review the eligibility criteria and prerequisites on the institute's online portal before applying. Shortlisted applicants will be invited for a personal interview to assess their family business involvement, leadership qualities, and capability to apply their acquired knowledge in practical scenarios.