Managing the Family-Owned and Closely-Held Business: CISB 6018
Course Objectives:
- Gaining a systems perspective of family business.
- Exploring the qualities of healthy families and firms.
- Gaining knowledge about strategic planning and leadership succession.
- Developing an awareness of ownership transfer and estate planning issues.
- Understanding the role requirements of family business members.
- Grasping the business fundamentals required to enter a family firm.
- Learning methods to enhance communication and to resolve conflict.
Course Description:
This course explores the unique challenges and opportunities involved in the management and ownership of family and closely-held enterprises. Key business, personal, and interpersonal issues relevant to the continuity and management of these firms are examined. Topics covered include strategic management and corporate governance, lifecycle and systems analyses, leadership succession and career development; ownership transfer and estate planning; communication and conflict resolution; and the dynamics of family interactions and the closely-held business culture.