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IIM Lucknow Launches MBA for Family Business Successors with Rs 20 Crore Turnover Criteria
Sentiment: NeutralHigh Priority
What Happened?
IIM Lucknow has introduced a two-year MBA program in Family Business for business owners and next-generation leaders, requiring a minimum Rs 20 crore turnover. The first batch starts in July 2027.
Key points
- IIM Lucknow's MBA in Family Business targets business owners and successors.
- Eligibility includes a bachelor's degree and a minimum Rs 20 crore turnover.
- The program will start in July 2027, with applications closing on December 31, 2026.
- The curriculum includes core management subjects and specialized areas like succession planning.
- Participants will engage in practical projects and workshops with family members.
Key insights
- The MBA program may help professionalize family businesses and improve their sustainability.
- Next-generation leaders could gain essential skills for managing family enterprises.
- The focus on succession planning may address common challenges in family businesses.
Why it matters
This program could enhance management practices in family-run businesses.
Entities
IIM Lucknow· OrganizationIndia· Country
Source
Times Now
