Business Management FT
Apply Icon

Managing Family Enterprises

level of course unit


Learning outcomes of course unit

The students
• Know the phases of the succession process, especially in family businesses.
• Understand the specific problems and solution approaches in the management and transfer of family businesses.
• Know the legal, management-oriented and socio-psychological issues and problem-solving approaches.
• Are able to identify the essential factors of successful succession processes in family businesses and apply appropriate implementation concepts.

prerequisites and co-requisites

• Introduction to BWL • Introduction to Accounting and Finance • Strategic management & business ethics • Strategy development & execution (E) • Human resources management • Organizational & human resources psychology

course contents

• Importance and definition of family businesses
• Strengths and weaknesses of family businesses
• Dynamics between families and companies (The circle model, The three-dimensional life cycle model, the familyness construct, strategic management, The bulls eye approach)
• Positioning and strategy; leadership behavior in family businesses
• Selected practical examples and reflection

recommended or required reading

Collins, L., Grisoni, L., Tucker. J., Seman, C., Graham, S., Fakoussa, R., & Otten, D. (2012). The modern family business: Relationships, succession and transition. Basingstoke: Palgrave.
Felden, B., & Hack, A. (2014). Management von Familienunternehmen: Besonderheiten – Handlungsfelder - Instrumente. Berlin-Heidelberg: Springer Verlag.
Gimeno, A., Baulenas, G., & Coma-Cros, J. (2010). Family business models: Practical solutions for the family business. Basingstoke: Palgrave.
Märk, S., & Situm, M. (2018). Familienunternehmen und ihre Stakeholder: Problemstellung – Lösungsmodelle – Praktische Umsetzung. Berlin-Heidelberg: Springer Verlag.
Weishaupt, M. (2015). Radikal anders: Die DNA erfolgreicher Familienunternehmen. Frankfurt am Main: Campus Verlag.
Zellweger, T. (2017). Managing the family business: Theory and practice. Glos, UK: Edward Elgar.

assessment methods and criteria

Seminar paper

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

• The course is conducted totally with presence phases (deductive method, in which assistance is given in the learning process and knowledge is imparted via frontal lectures).
• Presentation and discussion of practical cases for which the students have to develop solutions within the framework of group work.

semester/trimester when the course unit is delivered


name of lecturer(s)

Director of Studies

recommended optional program components


course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)



Situm Mario
Prof. (FH) DDr. Mario Situm, MBA
Director of Studies Business Management
+43 5372 71819 147
questions? Any
Any questions?
We are here to help you.
+43 5372 71819 500