7 Courses and Certifications

Online Family Business Management Courses & Certifications

Family businesses are unique entities that combine the dynamics of family relationships with the complexities of running a successful enterprise. This article explores the significance of Family Business Management online courses, designed to equip individuals with the skills and knowledge required to navigate the challenges and opportunities in family-owned enterprises. Whether you are a next-generation family member or an entrepreneur aiming to preserve and expand your family legacy, the free family business management courses offer invaluable insights for sustainable growth.

What is Family Business Management?

Family Business Management is a specialised field that addresses the distinctive aspects of running and sustaining a family-owned business. It encompasses a diverse range of subjects, including leadership, governance, succession planning, conflict resolution, and wealth preservation. The Family Business Management training courses aim to strike a balance between family harmony and business success, fostering long-term prosperity.

Who can Pursue Family Business Management Courses?

Family Business Management certifications are ideal for individuals involved in family-owned businesses or planning to take on leadership roles in such enterprises. Whether you are a current or future family business owner, a family member with aspirations to lead, or a non-family executive seeking to understand the unique dynamics of family businesses, these courses are tailored to meet your needs.

Eligibility Criteria of Family Business Management Courses

The eligibility criteria for Family Business Management classes may vary from one institution to another. Some courses may require participants to have prior experience or affiliation with a family-owned business. Others may welcome aspiring family business leaders or professionals interested in working with family firms.

Skills Required for Family Business Management Courses:

To excel in Family Business Management, individuals should possess a blend of business acumen and interpersonal skills. Some crucial skills for effective family business leaders include:

  • Business Strategy and Management
  • Communication and Conflict Resolution
  • Financial Analysis and Decision-Making
  • Succession Planning and Talent Development
  • Emotional Intelligence and Empathy
  • Long-term Vision and Adaptability

What You Will Learn in Family Business Management Courses

Family Business Management courses delve into various critical aspects of operating and preserving family enterprises. Key topics covered include:

  • Understanding Family Business Systems and Structures
  • Identifying and Leveraging Family Values in Business
  • Implementing Effective Family Governance Models
  • Navigating Succession Planning and Leadership Transition
  • Managing Conflict and Communication within the Family Business
  • Balancing Business Growth and Family Legacy
  • Integrating Innovation and Entrepreneurship in Family Firms
  • Sustaining Competitive Advantage in Challenging Markets

Popular Family Business Management Courses by Top Providers

Family Business Management courses cater to the unique dynamics and challenges of managing businesses within a familial context. These courses are offered by prestigious educational institutions and accessible through online platforms, enabling individuals to gain a comprehensive understanding of family business dynamics and strategies. Here are some renowned courses that provide valuable insights into the intricacies of managing family enterprises: Numerous renowned institutions offer Family Business Management courses. Some prominent providers include:

Career Opportunities After Family Business Management Courses

Individuals who have completed the Family Business Management Course have a wide range of opportunities ahead of them. They can venture into the startup ecosystem, initiate their own business endeavours, or take charge of and expand their family-owned businesses.

Notably, family-owned enterprises, such as Reliance and TATA, significantly contribute to the country's Gross Domestic Product. Besides, graduates can also explore managerial positions in various multinational corporations (MNCs) and other companies. The course opens up diverse career pathways, empowering candidates to make significant contributions to both the entrepreneurial and corporate realms such as:

  • Family Business Consultant
  • Family Office Manager
  • Succession Planning Specialist
  • Family Business Analyst
  • Business Development Manager in Family Enterprises
  • Family Business Advisor
  • Family Business Facilitator
  • Salary Trends in Family Business Management Courses:
  • Salaries in Family Business Management vary based on the size and success of the family enterprise. Professionals in family businesses often enjoy competitive compensation packages and other benefits.

Scope of Family Business Management Courses

The scope of Family Business Management is substantial, considering that family-owned businesses are prevalent worldwide. Graduates can leverage their expertise to contribute to the growth and sustainability of their own family businesses or work with other family firms across industries.

Top Recruiters in Family Business Management

Family Business Management professionals are in demand within various industries. They play a crucial role in ensuring the smooth continuation and growth of family-run enterprises. These experts possess a unique skill set that combines business acumen with an understanding of family dynamics and succession planning. Family-owned corporations seek their expertise to navigate the challenges of balancing family interests and business goals. Some potential recruiters include:

  • Family-Owned Corporations
  • Family Offices
  • Consulting Firms Specializing in Family Businesses
  • Deloitte
  • IndusInd Bank
  • KPMG
  • Ernst & Young
  • Hindustan Unilever Ltd.

FAQs

Q) Who can benefit from Family Business Management courses?

Ans) Family business owners, aspiring family business leaders, and professionals working with family firms can benefit from these courses.

Q) What skills are crucial for success in Family Business Management?

Ans) Key skills include business strategy, communication, succession planning, financial analysis, and emotional intelligence.

Q) What are some popular specializations in Family Business Management?

Ans) Specializations include family governance, entrepreneurship in family businesses, wealth management, and conflict resolution.

Q) What topics are covered in Family Business Management courses?

Ans) Topics cover family business systems, governance, succession planning, conflict management, and strategic growth.

Q) What career opportunities are available after completing Family Business Management courses?

Ans) Graduates can pursue careers as family business consultants, office managers, succession planning specialists, and business advisors, among others.

Career Category
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Post Graduate Certificate in Family Business Management

Offered by

Certificate

Post Graduate Certificate in Family Business Management

This programme aims to cover all the necessary aspects involved in managing and running a business enterprise efficiently and smoothly. It will train the budding businessmen and businesswomen to spot the threats as well as opportunities and how to manoeuvre through the challenges imposed upon them. They will be needed to undergo detailed lectures and will be exposed to various other companies to get real-life hands-on experience.

Resource management, business developing strategies and business expansion projects are few of the many topics that would be covered in the Post Graduate Program in Family Business Management certification course online, PGCFBM.

Passing down of business to the children and grandchildren is most commonly found in businesses arenas. Sometimes the businesses are also handed down to nephews and nieces. It becomes imperative for the successors to have both theoretical as well as practical knowledge of the huge responsibility they take upon their shoulders. Post Graduate Program in Family Business Management facilitates educating new-age businessmen by coaching them on different areas and recognizing the business opportunities.

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12 Months
4,00,000
Skills Covered:
Business Management
Certificate

Global PGP For Family Enterprises Management

The Global PGP For Family Enterprises Management certification course is an offline programme that is provided by the Great Lakes Institute of Management, Chennai. The course is offered in association with Babson College, Massachusetts. This is a postgraduate programme that is designed for next-generation family business owners and professionals. The course helps the participants gain skills such as leadership, integrative thinking, innovation, etc. The programme requires work experience of two years to get into this course. 

The Global PGP For Family Enterprises Management certification syllabus of the programme is 4 months long that is divided into 11 modules of which two weeks of modules will be covered by the USA campus whereas others will be covered in the Indian campus. The curriculum of the Global PGP For Family Enterprises Management programme also includes case studies that help the students get a clear picture of the market. 

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11 Months
13,00,000
Skills Covered:
Accounting proficiency Sales skills Marketing skills Financial Management Entrepreneurial skills
Post Graduate Certificate in Family Business Management PGCFBM 2021

Offered by

Certificate

Post Graduate Certificate in Family Business Management (PGCFBM)

The Post Graduate Certificate in Family Business Management (PGCFBM) course is a blended learning programme that is offered by the International Management Institute,  Kolkata, in partnership with RP Sanjiv Goenka Group. The entire course is spread throughout a period of 11 months in total. The sessions held are usually a mixed bag that has both offline and online sessions which are taught by IMI faculty, and the faculty at the University of Paris.

The Post Graduate Certificate in Family Business Management (PGCFBM) training is a modular programme that is built with a structure for greater flexibility and will help in evolving the participants, especially entrepreneurs, with the proper ways in which they can perform family business management of their own businesses. Also, if they agree to pay little extra other than the regular fees then they may get a chance to get global exposure from the University of Paris.

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11 Months
3,50,000
Skills Covered:
Leadership Digital marketing skills Human Resource Management Business Management Knowledge of ecommerce
Ladies in Family Enterprise

Offered by

Certificate

Ladies in Family Enterprise (LiFE)

The “Ladies in Family Enterprise Course” Certification is an enhancing short-term general management online programme for women belonging to different business families. The (LiFE) Programme is offered by the Centre for Family Managed Business in association with the SP Jain Institute of Management and Research (SPJIMR). 

If you are a woman from a business family, who has little or no ownership, and role in your family-managed business enterprise, then this “Ladies in Family Enterprise Certification Syllabus” is specifically designed for you to address your needs. The women can be anyone from the business owner’s relations including the mother, wife, daughters-in-law, or even daughters.

The primary motto of the “Ladies in Family Enterprise” Training is to help build a basic understanding of both the business and family and their relational aspects. It will enrich the skills of the woman from the business family, and gives her independence to explore her own role, also including being entrepreneurial in her own family business. With the Ladies in Family Enterprise Programme, women Engage, Enlighten, and Enrich.

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8 Weeks
47,200
Skills Covered:
Business Management
Certificate

EQ for Family Business

The course of EQ for Family Business by edX platform gives an amazon opportunity to all the candidates who want to develop their relationships as well want to strengthen them through procedures related to the business. EQ for Family Business certification course is created by the medium of edx in collaboration with The University of British Columbia. Candidates who are interested in learning through this programme should invest 4 weeks. Students can acquire information related to this EQ for Family Business course through an online learning platform only. Practice Pants can avail of the course free of cost.

Every candidate who is interested in pursuing EQ for Family Business certification course should give 2-4 hours per week. The EQ for Family Business programme offered here by the Edx platform is an introductory level programme. Candidates will learn about the concepts related to the subjects of communications. Students will be able to learn through a self-paced learning programme. Verified certification can be availed by the candidates after paying the payable amount. The candidates will have limited access during the audit mode but unlimited access in the verified mode to the course materials.

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4 Weeks
Beginner
Free
Skills Covered:
Business Management
Family Businesses, Organisation, Strategies, Internationalisation and Succession

Offered by

Certificate

Family Businesses, Organisation, Strategies, Internalisation and Succession

The aim of Family Businesses, Organisation, Strategies, Internalisation and Succession course is to privy the future and present family business owners to the wide range of methods and techniques which could be applied to improve the market reach and profits of the business enterprise. It seeks to capacitate the business owner's ability to identify the distinct strengths of their business enterprises and develop solutions accordingly. Several management, strategy and planning aspects of running a business are looked closely into during the course of this programme.

This 3 days course is conceptualised in a way that it will aid in creating awareness across family businesses and help in creating capabilities for internationalisation, strategies, organisation and succession planning in family businesses across different phases of evolution and growth trajectories. The programme module will enable scions, business owners, family business managers, women entrepreneurs in family business in discovering solutions and meeting the uncertainties, challenges and hindrances in growing the business. 

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3 Days
1,75,000
Skills Covered:
Business Management

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