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MBA in Entrepreneurship And Family Business at University of Lucknow
Lucknow, Uttar Pradesh
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About the Specialization
What is Entrepreneurship and Family Business at University of Lucknow Lucknow?
This Entrepreneurship and Family Business specialization at University of Lucknow focuses on nurturing individuals to become successful entrepreneurs and effective managers of family-owned enterprises. It addresses the unique challenges and opportunities within India''''s dynamic startup ecosystem and its strong tradition of family businesses, providing a blend of modern business acumen with traditional values, crucial for the Indian market.
Who Should Apply?
This program is ideal for fresh graduates with a vision for starting their own ventures, individuals from business families seeking to modernize and expand their legacy, and working professionals aspiring to transition into an entrepreneurial role or consult for family-run businesses. It attracts those with an innovative mindset and a desire to contribute to India''''s economic growth.
Why Choose This Course?
Graduates of this program can expect diverse career paths, including launching their own startups, joining existing family businesses, or taking up roles in venture capital firms, incubators, and government agencies supporting entrepreneurship. Entry-level salaries typically range from INR 4-7 LPA, growing significantly with experience. They contribute directly to job creation and economic development within the Indian landscape.
Student Success Practices
Foundation Stage
Build a Strong Business Foundation- (undefined)
Actively engage with core MBA subjects like Accounting, Marketing, and Finance. Form study groups to discuss concepts, solve case studies, and understand interdependencies of business functions. This foundational knowledge is crucial for any entrepreneurial venture.
Tools & Resources
Harvard Business Review cases, Financial Times, Online courses on Coursera/edX for management basics
Career Connection
A solid grasp of business fundamentals prepares you for evaluating market opportunities and managing resources effectively in a startup or family business, enhancing your analytical and decision-making skills for future leadership roles.
Cultivate Entrepreneurial Thinking- (undefined)
Beyond academics, participate in campus entrepreneurship cells, ideation workshops, and startup events. Begin identifying local problems that could be solved with innovative business ideas. Network with budding entrepreneurs and faculty mentors.
Tools & Resources
E-Cell University of Lucknow, Startup India portal, Local startup meetups
Career Connection
Developing an entrepreneurial mindset early helps in recognizing opportunities, building resilience, and fostering the innovative spirit essential for starting and growing a business, preparing you for entrepreneurial roles.
Enhance Communication and Presentation Skills- (undefined)
Utilize every opportunity in Semesters 1 and 2 to improve public speaking, negotiation, and report writing. Join debate clubs or Toastmasters if available. Effective communication is paramount for pitching ideas, securing funding, and managing teams.
Tools & Resources
Toastmasters International (local chapters), TED Talks for inspiration, Business communication textbooks
Career Connection
Strong communication skills are vital for convincing investors, motivating teams, and building customer relationships, directly impacting the success of any entrepreneurial or family business venture and professional growth.
Intermediate Stage
Deep Dive into Specialization Electives- (undefined)
Focus intensely on the Entrepreneurship and Family Business electives in Semester 3. Explore relevant case studies, read industry reports specific to Indian startups and family businesses, and engage in discussions to gain practical insights.
Tools & Resources
NITI Aayog reports on startups, Indian family business journals, Case studies from IIMs
Career Connection
Mastering specialized knowledge equips you with the specific tools and strategies needed to navigate the complexities of starting a venture or managing a generational business in the Indian context, directly applicable to your chosen field.
Undertake a Meaningful Internship/Project- (undefined)
Secure an internship with a startup, an SME, or a family business to gain hands-on experience. Choose a project directly related to your specialization, allowing you to apply theoretical knowledge and build a network. This is often part of your Semester 3 curriculum.
Tools & Resources
LinkedIn for internship search, University placement cell, Startup accelerator programs
Career Connection
Practical internship experience is invaluable for understanding real-world challenges, building industry contacts, and often leads to pre-placement offers or crucial insights for your own startup, bolstering your resume.
Develop Business Plan Writing Skills- (undefined)
Participate in business plan competitions and workshops. Start conceptualizing a viable business idea and develop a comprehensive business plan, including market analysis, financial projections, and operational strategies. Seek feedback from faculty and industry experts.
Tools & Resources
Templates for business plans (e.g., from Startup India), Mentorship from faculty, Industry veteran advice
Career Connection
Proficiency in business plan creation is a core skill for entrepreneurs, enabling them to articulate their vision, attract funding, and provide a roadmap for their ventures, making you investment-ready.
Advanced Stage
Network and Seek Mentorship- (undefined)
Actively network with alumni who are entrepreneurs or involved in family businesses. Seek mentorship from experienced professionals who can guide you through the challenges of starting or managing a venture. Attend industry conferences and expos.
Tools & Resources
University Alumni Network, Industry associations (e.g., FICCI, CII, NASSCOM), Startup Ecosystem events
Career Connection
A strong professional network provides access to opportunities, funding, advice, and potential co-founders, which are critical for long-term success in entrepreneurship and family business management.
Focus on Legal and Regulatory Compliance- (undefined)
Thoroughly understand the legal and regulatory framework for businesses in India, particularly for startups and family enterprises. This includes company registration, IPR, taxation, and labor laws, ensuring compliance from day one.
Tools & Resources
MCA website (Ministry of Corporate Affairs), Startup India legal guides, Consultations with legal experts
Career Connection
Knowledge of legal compliance minimizes risks and ensures sustainable growth for your venture, safeguarding your business from potential legal hurdles and enhancing credibility with stakeholders.
Prepare for Funding and Scaling- (undefined)
If launching a startup, refine your pitch deck and practice pitching to potential investors. If joining a family business, prepare strategies for growth, diversification, or succession. Understand the nuances of scaling operations and managing growth.
Tools & Resources
Pitch deck templates, Investor databases, Seminars on venture funding and growth strategies
Career Connection
Being prepared for funding cycles and having a clear growth strategy positions you for successful resource acquisition and expansion, whether through external investment for a startup or strategic growth within a family enterprise.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s Degree in any discipline with a minimum of 50% marks (45% for SC/ST candidates) from a recognized University. Valid score in an entrance examination (e.g., LUMET/CAT/MAT/XAT/CMAT/GMAT) conducted by the University or other recognized agencies.
Duration: 4 Semesters / 2 years
Credits: Credits not specified
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-101 | Management Process and Organizational Behaviour | Core | 4 | Management Principles, Organizational Structure, Motivation Theories, Leadership Styles, Group Dynamics, Organizational Culture |
| MBA-102 | Managerial Economics | Core | 4 | Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Strategies, Macroeconomic Indicators, Business Cycles |
| MBA-103 | Accounting for Management | Core | 4 | Financial Accounting Principles, Cost Accounting Concepts, Budgetary Control, Financial Statement Analysis, Marginal Costing, Variance Analysis |
| MBA-104 | Business Environment | Core | 4 | Economic Environment, Political and Legal Environment, Socio-Cultural Environment, Technological Environment, Global Environment, Government Policies |
| MBA-105 | Quantitative Techniques | Core | 4 | Probability and Distributions, Hypothesis Testing, Regression Analysis, Correlation, Time Series Analysis, Decision Theory |
| MBA-106 | Computer Applications in Management | Core | 4 | MS Office for Business, Database Management Systems, Networking Concepts, E-commerce, Data Security, Business Analytics Tools |
| MBA-107 | Communication for Management | Core | 4 | Verbal and Non-verbal Communication, Business Correspondence, Presentation Skills, Report Writing, Interpersonal Communication, Negotiation Skills |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-201 | Human Resource Management | Core | 4 | HR Planning, Recruitment and Selection, Training and Development, Performance Management, Compensation Management, Industrial Relations |
| MBA-202 | Marketing Management | Core | 4 | Marketing Mix, Consumer Behavior, Market Segmentation, Product Life Cycle, Branding Strategies, Distribution Channels |
| MBA-203 | Financial Management | Core | 4 | Capital Budgeting, Working Capital Management, Cost of Capital, Leverage Analysis, Dividend Policy, Capital Structure |
| MBA-204 | Operations Management | Core | 4 | Production Planning, Inventory Management, Quality Management, Supply Chain Management, Capacity Planning, Facility Location |
| MBA-205 | Business Research Methods | Core | 4 | Research Design, Data Collection Methods, Sampling Techniques, Data Analysis, Report Writing, Ethical Considerations |
| MBA-206 | Operations Research | Core | 4 | Linear Programming, Transportation Problem, Assignment Problem, Queuing Theory, Network Analysis (PERT/CPM), Game Theory |
| MBA-207 | Legal Aspects of Business | Core | 4 | Contract Act, Company Law, Consumer Protection Act, Cyber Laws, Intellectual Property Rights, Industrial Disputes Act |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-301 | Strategic Management | Core | 4 | Strategic Planning Process, Environmental Scanning, Strategy Formulation, Strategy Implementation, Strategic Control, Corporate Governance |
| MBA-302 | Internship / Project Report | Project | 6 | Problem Identification, Literature Review, Data Collection and Analysis, Findings and Recommendations, Report Writing, Presentation Skills |
| MBA-E&FB-303 | Foundations of Entrepreneurship | Elective (Entrepreneurship and Family Business) | 4 | Concepts of Entrepreneurship, Entrepreneurial Process, Types of Entrepreneurs, Role of MSMEs in India, Government Policies for Startups, Entrepreneurial Ecosystem |
| MBA-E&FB-304 | Managing Family Business | Elective (Entrepreneurship and Family Business) | 4 | Characteristics of Family Business, Succession Planning, Conflict Management in Family Business, Governance Structures, Professionalization, Family Business Models |
| MBA-E&FB-305 | Entrepreneurial Finance | Elective (Entrepreneurship and Family Business) | 4 | Sources of Startup Funding, Venture Capital, Angel Investing, Crowdfunding, Financial Projections for Startups, Valuation of New Ventures |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-401 | Business Ethics and Corporate Governance | Core | 4 | Ethical Theories in Business, Corporate Social Responsibility (CSR), Stakeholder Management, Principles of Corporate Governance, Whistle-Blowing, Ethical Decision Making |
| MBA-E&FB-402 | New Venture Creation and Management | Elective (Entrepreneurship and Family Business) | 4 | Idea Generation and Opportunity Recognition, Business Plan Development, Legal Forms of Business, Startup Operations, Team Building, Risk Management for Startups |
| MBA-E&FB-403 | Innovation and Technology Entrepreneurship | Elective (Entrepreneurship and Family Business) | 4 | Innovation Process, Types of Innovation, Technology Transfer, Intellectual Property Management, Digital Entrepreneurship, Emerging Technologies for Startups |
| MBA-E&FB-404 | Entrepreneurship Marketing | Elective (Entrepreneurship and Family Business) | 4 | Marketing for New Ventures, Lean Startup Marketing, Digital Marketing for Startups, Branding for Startups, Customer Acquisition Strategies, Market Research for Entrepreneurs |
| MBA-E&FB-405 | Venture Growth and Scaling Strategies | Elective (Entrepreneurship and Family Business) | 4 | Growth Models for Startups, Scaling Operations, Franchising, Mergers and Acquisitions for Growth, International Expansion, Exit Strategies for Entrepreneurs |
