MGMT 5300 - Family-Owned Business

3 credit hours
Formerly - MGMT 564

Explores the management, family, career and personal issues found in family-owned and managed companies. The course develops a student’s understanding of these organizations and skills to address the challenges family companies and families in business face. Primary subject areas include: how family business ownership systems evolve; managing of ownership conflict with family relationships; changing family business structures and responsibilities; women’s issues in family businesses; managing succession and continuity; designing effective business boards and family governance; and best practices in family business management. The course develops a student’s understanding of family organizations and skills necessary to be effective. Upon completion, a student should fully understand many of the complexities associated with operating a family business enterprise.