Family Business Management - ENT 340

This course develops students’ understanding of family businesses and explores the issues of ownership, management, and personal development found in these. Family Business Management enhances student’s analytical capability and skills to gather information, mobilize resources and engage in planning needed to face the challenges encountered by business-owning families.  Students in the course will learn about the venture, growth, exit and failure of a business amidst the unique governance structure of family business. Discussions will engage students in topics including separating family and work life, structures and board members, succession planning and inheritance rights, children of owners and their roles, siblings’ rivalry, family expectations, negotiations within family members, managing transition in corporate structures and multigenerational issues and filling that gap. Prerequisites: ENT 301 or ENT 302