Entrepreneurship and Family Business (P01398)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : MSE-P-P01398

The family business organisation is one of the oldest business models, and remains important and relevant. Smaller family businesses form the majority of businesses world-side and larger family businesses continue to dominate in many countries. Even in countries such as the UK and the USA where corporate business is paramount, many large corporations are still partially owned and influenced by prominent families. The course is intended as an option for MBA students who have an interest in family business. The aim of the course is to promote understanding of the nature of family businesses and business families, their contribution to economy and society, the distinctiveness of family owner managed and entrepreneurial styles of management, the problems faced by family businesses, and how these problems can be overcome.

Entry Requirements

none

Subject Areas

Home subject area

Business Studies, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Block 5 only

? Contact Teaching Time : 30 hour(s) per week for 1 weeks

Summary of Intended Learning Outcomes

On completion of the course students should be able to:- appreciate the difficulties in objectively defining family businesses, and the ideological importance of family business in Western models of capitalism and understand the implications if the family business is re-conceptualised as the business family - comprehend the emergence and lifecycle of family businesses and appreciate what characterises business families that have survived for several generations- discuss whether there is a distinctive style of family business management and if so, whether it
is a less evolved style, superseded by modern forms of corporate management, or whether it is a style that still retains its relevance- assess whether it is possible to effectively integrate both styles of management, and if so, how this could be accomplished- identify whether family businesses and business families experience special problems in conducting business - problems identified in the literature include agency; gender; coping with growth; succession and renewal- analyse certain real world management problems faced by family businesses- assimilate, communicate and present critical evaluations of relevant sources of information- prepare and present to a professional standard an appropriate report on their work