IIM Lucknow opens applications for family business-focused MBA

IIM Lucknow has opened admissions for a new MBA programme specifically designed to address the unique challenges faced by family-run enterprises in India. The specialized curriculum aims to equip next-generation leaders with skills in governance, succession planning, and modern business practices within the family business context.

Prospective candidates can submit their applications starting from October 16, 2026, through December 31, 2026. The programme represents the institution's commitment to supporting the family business sector, which constitutes a significant portion of India's entrepreneurial ecosystem.

Alongside the family business MBA, IIM Lucknow has also introduced an AI-focused executive education course, reflecting growing industry demand for artificial intelligence competency among senior business leaders. The dual programme launch underscores the institute's effort to address contemporary business challenges and emerging technological trends.

Family businesses form the backbone of India's corporate landscape, yet many face challenges during leadership transitions and modernization. The specialized MBA aims to bridge this gap by providing structured management education combined with practical insights into family enterprise dynamics, including conflict resolution, professional governance structures, and strategic planning for multi-generational sustainability.

Photo: The entrance to the Indian Institute of Management Lucknow campus, June 2010. Amit Roykaran via Wikimedia Commons (CC BY-SA 3.0).