you will find a sample overview for one of the courses offered
by the Center for Family Enterprises and the Department
of Managerial Economics and Decision Sciences. The course
can be applied to majors in Entrepreneurship and Management
Enterprises: Issues and Solutions
the world's economy is comprised of family controlled firms.
Many Kellogg School students come from business-owning families
or families involved in a collective philanthropy or investing.
This course addresses the special issues of family enterprises,
including succession, governance, strategy, family dynamics,
culture, philanthropy, and family offices. The course will
benefit those from business-owning families, as well as their
advisors. The class will involve case discussions, guest speakers,
field or research assignments and presentations on new ideas
in family enterprise.
1: The Performance, Problems, and Paradoxes of Family
is a family business?
family firms perform
role of family firms in the economy
family business paradigm
2: Balancing Family and Business
sleeves to shirt sleeves in 3 generations"
the family versus business paradox
"family first" versus "business first"
3: Generational Evolution of Business Families
life cycle of the business, the family, the individual
and structures of ownership
issues for continuity
4: Family Dynamics
how families work
analysis and conflict management
5: Entry, Succession, Continuity
go" and "taking charge"
6: Family Business Strategy and Competitive Advantage
strategy is different for family firms
family factors shape business strategy
advantage and unconventional strategy
7: Perpetuation, Culture, Values, Change
contradictions to growth
meetings and family councils
8: Family Continuity Planning
family unity and commitment
process" and trust
9: Governance and Ownership
and responsibilities of ownership
10: The Enterprising Family
offices, family foundations and family investment companies
practices" of long lasting families-in-business--a