Family Business Management (MNG156)

The aim of the course is to:

• Provide students with competences and specific knowledge required to manage a family business.
• Understand the differences underlying family business as opposed to non-family business.
• Recognize the risks and opportunities associated with this type of business.
• Enable students to select appropriate decision-making tools for family business associated challenges and decisions.
• Understand the diversity, complexity and significance of family businesses.

• To define the concept of family business and be able to identify it in general business context.
• To be able to analyze family businesses through perspectives of their specific structure, culture, characteristics, and challenges.
• To demonstrate the understanding of internal and external drivers of family business and their environment.
• To be able to integrate theoretical models and concepts in practical problem solving for family businesses.
• To develop specific knowledge and competences required in family business management.
• To develop analytical as well as systematic approach to problem solving.
• To develop individual learning, group work and proficient communication skills in both written and verbal forms.