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Managing the Family Business -M-

Kurs ID
Art des Kurses
MSc Kurs
FS 2022
Juniorprof. Dr. Julia Katharina de Groote
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
Family business management is an important topic, as family businesses constitute a significant segment of the global economy. Worldwide around 80% of all businesses are classified as “family businesses.”

Managing a family business can be especially challenging as family considerations add additional levels of complexity to the tasks of management and can make managing either easier or more difficult or in some cases both at the same time depending on the circumstances. Recent research has shown that family businesses, on average, outperform and last longer than non-family businesses. This course will introduce students to the peculiarities of family businesses and how to successfully manage them.

Topics include:

  • Definition and prevalence of family businesses
  • Governance in the family business
  • Strategic management in the family business
  • Family firms & innovation
  • Succession in the family business
  • Change and transgenerational value creation
  • Financial management in the family business
  • Relationships and conflicts in the family business
  • Creating family businesses


- Writing of case study 30% (group work)

- Reflection paper 40% (individual)

- In class participation 30% (individual)

Interactive lectures will be combined with case studies, as well as group excercises and (group) discussions, and guest lectures. In this way students gain a broad overview of the topic and are at the same time able to deepen their knowledge and reflect on the contents of the course.
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