Term definition, meaning and charactistics of family businesses
Differences between family businesses and non family businesses
Concepts of family businesses
Strategic management of the business owning familiy
Strategic management of the family owned business, esp. their
- corporate strategy
- corporate finance
- corporate governance
1. Discipline-specific knowledge and competence - Students acquire in-depth knowledge concerning major concepts and instruments needed for the successful management of family businesses.
2. Management-specific skills - Students will learn how to analyze family and firm structures to develop a sound corporate and family governance.
3. Global business environment - Students learn about the complexities of managing the family firm and the owner family.
4. Teamwork and responsible leadership - Classes will be very interactive. Students have to solve case studies and are provided with numerous practical examples.
5. Critical thinking and problem solving skills - Students have to analyze complex situations and consequently develop recommendations.
6. Managerial and entrepreneurial practice - Students will learn to recognize and deal with the advantages and challenges of family firms with the help of examples and case studies.
Lecture, Case Studies/Theoretical Paper and Discussion
Aronoff, C./Astrachan, J./Ward, J. (Edt.) (2002): Family Business Sourcebook, 3rd Edition, Mariette, GA
Colli, A. (2003): The Histor< of Family Business, 1850-200, Cambridge
May, P. (Hrsg.) (2008): Das INTES-Handbuch Familienunternehmen, Bonn
May, P. (2008): Leading the Family Business - Why creating an owner strategy must come first for family businesses, in: OWP - Orchestrating Winning Performance - Book, Edited by Bettina Büchel, Stuart Read, Anna Moncef with Sophie Coughlan, Riding the Winds of Global Change, Lausanne: IMD
Ward, J. (2005): Unconventional wisdom, IMD Lausanne
Plus additional readings distributed before or after lectures.