“Perception of MBA students towards joining family business”
LOVISH MAHAJAN (12306896),
Student, Mittal School of Business, Lovely Professional University ,Phagwara (Punjab)
SIMRAN (12308849)
Student, Mittal School of Business, Lovely Professional University ,Phagwara (Punjab)
ANSARI SOHEL (12310555)
Student, Mittal School of Business, Lovely Professional University ,Phagwara (Punjab)
AADRITA MADDHESHIYA (12307913)
Student, Mittal School of Business, Lovely Professional University ,Phagwara (Punjab)
RAHUL THAKUR (12324970)
Student, Mittal School of Business, Lovely Professional University ,Phagwara (Punjab)
Under the Guidance
DR.LOKESH JASRAI
Mittal School of BUSINESS
Lovely Professional University ,Phagwara(Punjab)
ABSTRACT
The Perspectives of MBA students about their propensity to work for family firms after graduation are examined in this capstone project. Family businesses are essential to international economies and frequently carry on a tradition that has been passed down through the generations. The purpose of the study is to learn more about the goals, motivations, and difficulties faced by MBA students who are considering a career in business or who have family business histories.
The study included semi-structured interviews with MBA students from different specialisations as part of a qualitative research design. The responses were interpreted using thematic analysis, which revealed recurrent themes including leadership autonomy, financial independence, succession planning, emotional ties to family legacy, entrepreneurial goals, and modernisation requirements.
The results show a range of opinions: some students prefer independent endeavours or corporate employment, while others regard it as a backup or limitation. Still others cherish the identity and stability that come with carrying on a family business. The main issues noted include managing generational expectations, striking a balance between modernisation and heritage, and overcoming financial and operational obstacles.
According to the study's findings, students' decisions are heavily influenced by their individual professional goals and outside prospects, even if an MBA program gives them the strategic, financial, and entrepreneurial abilities necessary for the growth of family businesses. To better prepare the next generation for leadership in family-run businesses, recommendations include organised mentorship programs, education with an emphasis on entrepreneurship, and workshops on innovation and succession.
