Course Description for Family Business Management
Family Business Management
Prerequisite: MAN 3025
Description: This course examines the unique challenges and practices of family-owned businesses. Topics include planning for a firm's growth and continuity, dynamics of family interactions, conflict resolution in a family firm, preparing the next generation for entry into and management of family firms, and succession strategies. Since family-owned or controlled business comprise close to 90% of businesses worldwide, students would benefit from understanding the dynamics of family business as they may work for a family-owned business, plan on entering a professional field where their clientele may include family businesses or plan to bring family into their own business.