MANAGEMT 7228 - Family Business Issues and Perspectives

North Terrace Campus - Trimester 3 - 2014

The course aims to enhance our understanding of the characteristics and contributions of family owned and managed businesses which dominate the private sector landscape. The implications of family ownership control and the multiple perspectives of owners, managers, shareholders, employees, board members, advisors to and customers of family businesses, will be explored. Issues examined will include interactions between family and nonfamily members working in the business, flexibility and innovation opportunities, governance structures necessary to optimise performance, potential conflicts and tensions, and professionalization requirement to achieve and maintain competitive advantage. Relevant theoretical frameworks will be canvassed. The course will appeal to those owning their own business, or aiming to do so, as well as those interacting with family businesses as managers, employees, customers, consultants or advisors. Students will have the opportunity to hear and evaluate senior business leaders' approaches to managing their family business.

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