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Managing the Family Business

Course code
Course type
BSc Course
Weekly Hours
FS 2020
Juniorprof. Dr. Julia Katharina de Groote
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.
In particular, the course “Managing the Family Business” covers the following topics.
  • Term definition, meaning and characteristics of family businesses
  • Differences between family businesses and non-family businesses, especially in relation to goals, long-term orientation, structure, and resources
  • Concepts and frameworks to work with family firms
  • Strategic management of the business owning family and the family-owned business; topics related to succession and governance (among others)
Date Time
Tuesday, 07.01.2020 11:30 - 15:15
Tuesday, 14.01.2020 11:30 - 15:15
Tuesday, 21.01.2020 11:30 - 15:15
Tuesday, 28.01.2020 11:30 - 15:15
Tuesday, 04.02.2020 11:30 - 15:15
Tuesday, 11.02.2020 11:30 - 15:15
Tuesday, 18.02.2020 09:00 - 10:00
  • Understand the need to balance short- and long-term decisions and to balance individual and collective needs within a society and its economy
  • Be sensitive to transgenerational outcomes of short-term decisions
  • Having a basic understanding of the specific challenges for family businesses, understanding the characteristics of family firms
  • Learn about frameworks of how to lead or consult a family firm
  • Learn about concrete examples of family firms and their challenges
  • Learn about working with case studies
  • Being able to engage in group work
  • Being able to present and defend findings
Case studies and articles announced in class
Final exam (40%)

Group work (40%)

Online article quizzes (20%)

Courses semester 1-3
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