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 areas. Family Business Management enhances students’ analytical capabilities and skills to gather information, mobilize resources, and engage in the 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, sibling rivalry, family expectations, negotiations among family members, managing transitions in corporate structures, and multigenerational issues and filling that gap. Prerequisites: ENT 301 or ENT 302.