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Compare 2 MBA programs in family businesses
An MBA in Family Business is specially tailored for those students who want to take over the family business. These aren't just mom and pop stores; Many multinational companies are essentially family businesses and some of the issues they face are qualitatively different from those of other companies.
What is an MBA in Family Business? It is a relatively new Masters degree that is recognized that family businesses constitute a substantial part of the economy and they face special circumstances in an unpredictable global economy. Courses are designed to help young entrepreneurs keep up with changes in competition and organization depending on globalization, liberalization and privatization. The ability to navigate economically unsafe waters made choppy by the complex dynamics inherent in family businesses is a necessity for those planning to work in such an environment.
The value of a Master of Business Administration is that it encourages entrepreneurship and the development of best practices for family business management. This includes business continuity exploration, succession planning, opportunity and failure analysis, governance, boards, taxes, and finance. A good program should have a good balance between theory and practice, which enables students to apply knowledge in a practical way.
The cost of earning this Masters degree and the program duration varies from college to college, so interested students should put some time in carefully researched prospective schools. Requirements, costs, curriculum and time frame are some of the most important details to consider.
Graduates pursue executive or managerial positions. Many want to join the family business with an eye toward accepting the tax when the time is right. Further this Masters degree often couple family businesses with an entrepreneurial spirit. So some graduates use this program as a stepping stone to start their own business or run an existing small and medium business. Whether the family business is large or small, established or newly formed, graduates are better prepared to help keep up with the competition.
MBA in Family Business programs are offered by a variety of well-known institutions at different times of the year. Online courses now make it a lot easier for students to pursue such a degree. Find your program and contact the admissions office of the school of your choice directly by typing in the main form.
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