An Indian Entreprenuer Makes it to Johnson CornellThere was a time, not long back, when family business applicants to full-time MBA programs were looked upon almost entirely as inheritors. This has been rapidly changing over the last 4-5 years, and today, not only have top MBA programs launched specific offerings targeting family business applicants, but they have begun looking at second-generation business owners as excellent prospects to add value to their programs, and later to their alumni base. The Cornell MBA, is an excellent MBA program among the very best, has taken strong strides in this direction too. This post looks briefly at the plenty of opportunities available for studying entrepreneurship at Cornell, and also looks at the story of Rohan Sangari, one of the GyanOne clients who made it to the Cornell MBA in 2016.
Why go for an MBA as an entrepreneur?As an entrepreneur or a family business professional, the first question that one asks oneself when considering further education is around whether the MBA is the right program in the first place. In this sense, the MBA competes with other specialized master’s programs, short-term executive education options, and even the option to not get any further education at all. This is especially true for second-generation family business professionals, as many of them are already part of well-established, successful businesses. And yet, even this trend is now changing. Many family business professionals and entrepreneurs now see the value of gaining advanced business education that may not get them immediate short-term profits, but could be pivotal to helping them forge partnerships and expand their concerns in the medium to long term.
Further, the world of business changes rapidly. Even established businesses are today facing competition from smaller rivals, and with the growth of the internet, from firms across the world. There is therefore the need to not just be part of a business, but to grow it too. In that sense, the family business professionals of today do not just inherit businesses, but are increasingly being asked to take up the mantle of growing them too.
This is why we feel that entrepreneurship at Cornell is such a well-thought out educational offering, balancing the needs of first-generation entrepreneurs with those of managers/inheritors of more established businesses, and combining each with the allure of an excellent MBA program.
Entrepreneurship at CornellThis post was first published on the
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