SUBJECT NAME
FAMILY BUSINESS MANAGEMENT
SUBJECT CODE
MGT 118
The subject is intended for understanding the effectiveness and
commitment as members of family the nuances of family business.
SUMMARY/
OVERVIEW
 Identify the characteristics that differentiate family business
from other businesses
 Examine the life cycles of family businesses from the perspective
of business, family and ownership development
 Learn methods to enhance communication ability and conflict
resolution with family business owners, managers, and family
members, including relatives
 Learn to evaluate situations and problems in family businesses
AIMS
CORE LEARNING OUTCOMES
SL.NO
1
LEARNING OUTCOMES
On completion of this unit you
should be able to:
Learn the theoretical perspectives of
Family business
2
APPROACH TO LEARNING
ASSESSMENT CRITERIA
To achieve the learning outcome you
must demonstrate the ability to:
Prepare case studies of neighboring family
business enterprises
Demonstrate skills by presenting the cases
of Family Business Houses
Lectures, Case Studies, Group Presentations
NO
ASSESSMENT
METHOD
DESCRIPTION OF
ASSESSMENT METHOD
WEIGHT DURATION AND MARKS
%
OF EXAMINATION)
1
DSA
Written examination
20
2 hours and 50 Marks
2
AT
5
Throughout the course
3
CS / PR / OR /
CP
Class attendance
Case study/ Assignments,
Presentation on various
topics, Viva- voce/ Quiz,
Participation in class
activities
25
Throughout the course
4
Semester End
Examination
50
3 hours and 100 marks
Written
Examination
Outline Teaching Schedule
Unit
Number
Chapter Name
I
Introduction of
Contents
Establish objectives for the class, The nature, importance, and
1
the Family and
Small Business
II
III
IV
V
VI
uniqueness of family business, Explore the entrepreneurship
and small business. Building Trust and Commitment in Family
Business: The entrepreneurial opportunities and
entrepreneurial life, how to build trust and commitment in
family business, zero- sum dynamics and family culture,
entrepreneurial integrity and ethics.
Type of startup ideas, Using innovative thinking to generate
business ideas, Using internal and external analyses to identify
business ideas, Selecting strategies that capture opportunities.
Getting Started Ownership of a Family Enterprise got Started to Last:
Responsibilities and relationship between shareholders to the
company, Shareholder priorities, and the role of the board;
Ownership structure, Preparing a business plan.
Continuing Entrepreneurship and the Next Generation: Is the
next generation good enough to run the business? Rewards
and challenges for latter-generation family members,
Ingredients for responsible leadership;
Family relations, Marketing research for the new venture.
Succession
Leadership Imperative for the Family and Business: Succession
and Continuity: Succession and the transfer of power, The CEO
as architect of governance and succession, The transfer of
power; the unique roles of the CEO spouse, Building a
management team.
Creating the strategy, Planning the estate. Visible Commitment
to Managing the Family Business Professional: The perspective
Best Practice
of nonfamily managers, Motivating and retaining nonfamily
for the
Managers, A nonfamily manager as a bridging president or
Management
CEO, Financial considerations and valuation of the family
business, Building customer relationships.
Governance structure of family, owned family, controlled
Family
business, Advisory boards, boards of directors, and the family
Business
meetings, Global opportunities for small business. The Future
Governance
of Family Business: Change, adaptation, and Innovation for
family business, Organization development approaches to
and Family
Communication change, The future: Can family business compete and thrive?
Professional management in the entrepreneurial firm.
Continuing the
Family culture, organizational culture, and cultural blur in
Spirit of
family firms, Managing risk in the small business.
Enterprise
Recommended Resources
ESSENTIAL BOOK: Sudipt Dutta; Family Business in India; Response Books
REFERENCE BOOKS: 1. Mirza Yawar Baig ; The Business of Family Business; Serene Woods
2. Family Business by Ernesto J. Poza, 2nd ed. 2007, South-Western/Thomson Learning
2