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Managing the Family Business

Course code
Course type
BSc Course
Weekly Hours
HS 2019
Prof. Dr. Peter May
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, in particular focus on topics related to: leadership, succession, and governance
  • Transgenerational entrepreneurship: How can family firms remain entrepreneurial over time
Date Time
Monday, 02.09.2019 15:30 - 18:45
Monday, 09.09.2019 15:30 - 18:45
Monday, 16.09.2019 15:30 - 18:45
Monday, 30.09.2019 15:30 - 18:45
Monday, 07.10.2019 15:30 - 18:45
Monday, 14.10.2019 15:30 - 18:45
Monday, 21.10.2019 16:00 - 17:30
  • 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
The Owner Strategy in a Family Business Murmann Verlag, Hamburg 2017
Final exam (100%)
Courses semester 1-3
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