Introduction As the term suggests, a family-run business involves family members, often for generations, to facilitate a business venture for decades and even centuries. Family businesses can vary in form, functioning, management, and more. The BBA family business programme is an academic programme from Jindal Global Business School that enables successors to learn the necessary skills and insight to propagate the business forward. Family-owned businesses such as Ford Motor Company, Walmart, BMW, Reliance Industries, JSW Steel, and Mahindra & Mahindra are some of the big names to have created an empire of their own. Establishing and managing a family business is not an easy task, and it requires much planning and coordination to pass it down to the next generation. So, taking up a family business course makes all the more sense. The Fundamentals Of A Successful Family Business A successful family business is based on a few fundamental qualities, such as transparent communication, unanimity in the family, and a well-thought-out succession plan. Despite having a successfully run business, many business families have a tough time choosing a successor for the company, often causing feuds and tension among the family members. The BBA family business course intends to defuse this very conflict and duly prepare the next generation to become competent enough to inherit not just a company but also the responsibilities of the business with competence. Research states that around 25% of family businesses fail during the transition period because the successor has not been prepared to take on …
November 17, 2025,
1:14 PM










