Business Management FT
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Managing Family Enterprises

level of course unit

Bachelor

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, successon 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

German

number of ECTS credits allocated

1

course-hours-per-week (chw)

1

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

4

name of lecturer(s)

Director of Studies

recommended optional program components

none

course unit code

MFU 2

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

none