Managing the Family Enterprise

3 credits · Undergraduate

We explore the family system, the business system, the ownership system and their interactions - functional and dysfunctional. Specific topics, examined from the family business perspective, will include: the decision to join a family firm, management succession, ownership succession, the role of key non-family employees, strategic planning and other issues especially relevant for family firms. The course also addresses conflict and communication in the family and business. The course has two purposes. First, it provides an organized framework for students to understand the dynamics and special issues of family firms. Second, it is designed to allow students to explore their interest in joining a family firm. Therefore, the course will especially resonate with students who come from families which are in business or for students considering joining a family business. The material taught is also valuable to many students who will be employed by family businesses as employees, managers, or providers of professional services (e.g. accounting, finance, law). Others who wish to explore a key segment of Canadian business are also welcome. PREREQUISITES: At least third-year standing, and MGMT 1302.03 or MGMT 3907.03 CROSSLISTED: COMM 3908.03 EXCLUSIONS: BUSI 6006.03 FORMATS: Lecture | Discussion | Experiential Learning