Managing the Family Business - Q4

Participation Prerequisites

No course prerequisites required for participation

Course Content

• Definition, significance, and characteristics of family businesses
• Core issues in family firms, including succession, innovation, sustainability and M&A
• Differences between family businesses and non-family businesses, especially in relation to goals, long-term orientation, structure, etc.
• Concepts and models of/for family businesses
• Strategic management of the business-owning family and the family-owned business, in particular, focus on topics related to succession, governance, and finance
• Contemporary challenges faced by family businesses and potential solutions
• Guest lectures with insights from real-world family business practitioners

Intended Learning Outcomes and Competencies

Learning Objectives

• Be aware of the specific relevance of family firms to both research and practice
• Understand characteristics of family firms and differences to non-family firms
• Become sensitive to the heterogeneity of family firms
• Learn about family firm theories and their applications
• Apply theoretical frameworks to two real-life family firm cases
• Reflect on challenges and opportunities through direct exchange with family entrepreneurs
• Engage with practitioner insights from guest lectures and ask informed questions in Q&A sessions
• Prepare for working in a family firm or in a consulting firm (for family firms)

Instruction Type

Presence

Form of Examination

Literature

This course has mandatory readings for each session that can be found on Moodle.