.png&w=1920&q=75)
MBA in Entrepreneurship And Family Business at University of Petroleum and Energy Studies
Dehradun, Uttarakhand
.png&w=1920&q=75)
About the Specialization
What is Entrepreneurship and Family Business at University of Petroleum and Energy Studies Dehradun?
This MBA Entrepreneurship and Family Business program at UPES focuses on nurturing entrepreneurial talent and providing insights into managing and growing family-owned enterprises. It integrates modern management principles with the unique dynamics of family businesses, addressing challenges and opportunities specific to the Indian startup and traditional business landscape. The program aims to create job creators and successful business leaders, fostering innovation and sustainable growth.
Who Should Apply?
This program is ideal for aspiring entrepreneurs, individuals from business families looking to innovate or expand their legacy, and professionals keen on joining startup ventures or managing existing businesses. It suits fresh graduates with a strong drive for business ownership or growth, as well as working professionals aiming to transition into entrepreneurial roles or strengthen their family business acumen and leadership capabilities.
Why Choose This Course?
Graduates of this program can expect diverse career paths, including launching their own startups, leading growth initiatives in family businesses, or joining venture capital firms and incubators. Entry-level salaries in India could range from INR 5-8 LPA, with experienced professionals potentially earning INR 15-30 LPA or more, depending on venture success and role. The program aligns with roles like Business Analyst, Startup Consultant, or Family Business Advisor, offering significant growth trajectories.
Student Success Practices
Foundation Stage
Develop a Business Acumen Foundation- (Semester 1-2)
Actively engage with core management subjects like Marketing, Finance, and Operations. Attend industry guest lectures, read business newspapers (e.g., The Economic Times, Business Standard), and follow Indian business leaders. This helps build a strong conceptual base necessary for advanced entrepreneurial studies and decision-making.
Tools & Resources
Financial Times, Harvard Business Review articles, NPTEL courses on core management, LinkedIn Learning
Career Connection
A solid understanding of business fundamentals is essential for any entrepreneurial venture or family business role, enabling informed decision-making and strategic planning in a competitive market.
Cultivate an Entrepreneurial Mindset- (Semester 1-2)
Participate in campus entrepreneurship clubs, ideation workshops, and hackathons. Start exploring potential business ideas early, identify market gaps, and practice basic problem-solving. Network with student entrepreneurs and faculty mentors to foster innovative thinking and resilience.
Tools & Resources
UPES Entrepreneurship Cell, Startup India resources, Design thinking workshops, Local startup meetups
Career Connection
Fosters innovative thinking, resilience, and networking skills crucial for launching and sustaining new ventures, or for driving innovation and strategic initiatives within family businesses.
Strengthen Communication and Presentation Skills- (Semester 1-2)
Actively participate in class discussions, group projects, and formal presentations. Practice articulating business ideas clearly and persuasively, seeking feedback on presentation style and content. Effective communication is key for stakeholder engagement and leadership.
Tools & Resources
Toastmasters International, TED Talks, Public speaking courses, Peer feedback sessions
Career Connection
Effective communication is vital for pitching ideas to investors, negotiating with stakeholders, and leading teams, all of which are critical for entrepreneurial success and managing family business dynamics.
Intermediate Stage
Engage in Real-world Business Planning- (Semester 3 (and Summer Internship period))
Leverage the ''''Business Plan and Valuation'''' course to develop a comprehensive, viable business plan for a real or hypothetical venture. Seek mentorship from faculty and industry experts on market research, financial projections, and strategic execution to refine your entrepreneurial vision.
Tools & Resources
Business plan templates (e.g., from Niti Aayog''''s Atal Innovation Mission), Market research databases, Mentorship from UPES faculty and alumni
Career Connection
Directly prepares for startup launch, investment pitches, or strategic project execution within an existing family business, providing practical experience in venture development and feasibility analysis.
Network with Industry Professionals and Investors- (Semester 3 (and Summer Internship period))
Actively attend industry conferences, entrepreneurship summits, and investor forums in major Indian cities (e.g., Delhi, Bengaluru). Build a strong professional network with founders, venture capitalists, and family business leaders to gain insights and identify opportunities.
Tools & Resources
LinkedIn, Industry-specific events (e.g., TiE Global Summit, FICCI events), UPES alumni network
Career Connection
Networking opens doors to potential co-founders, mentors, investors, and future business opportunities, significantly enhancing startup funding and family business growth prospects in the Indian ecosystem.
Secure a Relevant Summer Internship- (Summer after Semester 2)
Seek an internship specifically with a startup, a venture capital firm, an accelerator, or a family business unit. Focus on gaining hands-on experience in areas like market entry strategy, operations scaling, or new product development to apply theoretical knowledge.
Tools & Resources
UPES Career Services, Online job portals focused on startups (e.g., AngelList, Instahyre), Direct outreach to companies
Career Connection
Provides invaluable practical exposure, builds industry-specific skills, and often leads to pre-placement offers or crucial industry contacts for future entrepreneurial endeavors, making you industry-ready.
Advanced Stage
Master Entrepreneurial Finance & Fundraising- (Semester 4)
Deepen understanding of venture capital, private equity, and alternative funding sources relevant to the Indian context. Practice creating compelling financial models and investment proposals for potential investors, including understanding term sheets and valuation techniques.
Tools & Resources
Financial modeling software (Excel), Pitch deck templates, Case studies on Indian startup funding rounds, Workshops by angel networks
Career Connection
Essential for any entrepreneur seeking capital, for family businesses planning expansion, or for roles in investment banking and venture capital, directly impacting business viability and growth strategy.
Develop Robust Scaling and Growth Strategies- (Semester 4)
Focus on strategies for expanding market reach, optimizing operations, and managing organizational growth, especially in the context of the ''''Scaling and Growth Strategies for Startups'''' course. Analyze successful and failed growth stories of Indian companies to learn best practices.
Tools & Resources
Strategic management frameworks, Market analysis reports, Case studies of Indian Unicorns and successful SMEs
Career Connection
Equips graduates to lead expansion phases of startups, manage diversification in family businesses, or consult for growth-stage companies, driving significant impact and value creation in a dynamic economic environment.
Leverage Dissertation/Project for a Capstone Experience- (Semester 4)
Choose a dissertation topic or project that aligns with your entrepreneurial aspirations, perhaps developing a detailed feasibility study for your own startup idea or solving a critical challenge for a family business. Use this as a portfolio piece to showcase your expertise.
Tools & Resources
Academic research databases, Statistical software (SPSS, R), Faculty mentorship, Industry experts
Career Connection
Provides a culminating practical experience, demonstrating expertise in a chosen area, which is highly valuable for pitching to investors, securing leadership roles, or making a strategic entry into a family business, enhancing professional credibility.
