PTMBA2021 Family Businesses
The following topics will be covered:
- Family firms around the globe
o Why are family firms relevant?
o What makes family firms special?
o How do family firms differ across the globe?
- Leading a family firm
o When is family-internal vs. family-external management preferable?
o What types of family firm leadership roles exist?
o How does succession in family firms take place?
- Tradition vs. innovation
o How to lead family firms in times of change and uncertainty?
o How to solve the “family innovator’s dilemma”?
o How does “innovation based on tradition” work?
- Family firm governance
o How and why is governance of family firms special?
o What is family governance and how does a family firm governance codex look like?
o How can a family firm be governed?
| Date | Time |
|---|---|
| Saturday, 05.12.2020 | 09:45 - 17:00 |
| Sunday, 06.12.2020 | 09:45 - 17:00 |
| Saturday, 12.12.2020 | 10:45 - 18:00 |
- Understand the unique aspects of a family firms and their contribution to the economy.
- Understand the distinctive advantages and disadvantages of family firms and evaluate different ways to lead and govern family firms.
- Identify ways how to make family firms fit for the long run and how to be effective leaders in such ownership settings.
- Understand the critical issues that family firms face in managing and improving business performance as well as in their governance.
- Understand how management tools and management frameworks of family firms differ from those commonly applied to non-family firms
- Integrate entrepreneurial and professional management concepts for strengthening family business organizational performance.
- Apply the specific practices and skills of effective family businesses in group case works and thereby develop intercultural team work skills.
- Effectively communicate gained insights on family businesses.
- Input lectures
- Class discussions
- Case study
- Group work (family governance)
- Guest talk (tbc)
Individual reflection on family business (50%)