COMMGMT 7088 - Small and Family Business Perspectives (M)

North Terrace Campus - Trimester 3 - 2017

The course aims to enhance students' understanding of the characteristics, contributions, and issues surrounding the management and growth of small firms and family businesses. Topics include small firm and family business characteristics and significance, developing a business plan, choice of organisational structure and implications, financing start-up and growth, principles of sound financial management, managing ownership/management/business transitions, role of advisors such as accountants, role of government policy, emerging issues in small firm and family business research. The course will appeal to those who are interested in starting up their own business, as well as those interacting with small firms and family businesses as advisors, managers and policy-makers.

  • General Course Information
    Course Details
    Course Code COMMGMT 7088
    Course Small and Family Business Perspectives (M)
    Coordinating Unit Business School
    Term Trimester 3
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 36 hours
    Available for Study Abroad and Exchange Y
    Course Description The course aims to enhance students' understanding of the characteristics, contributions, and issues surrounding the management and growth of small firms and family businesses. Topics include small firm and family business characteristics and significance, developing a business plan, choice of organisational structure and implications, financing start-up and growth, principles of sound financial management, managing ownership/management/business transitions, role of advisors such as accountants, role of government policy, emerging issues in small firm and family business research. The course will appeal to those who are interested in starting up their own business, as well as those interacting with small firms and family businesses as advisors, managers and policy-makers.
    Course Staff

    Course Coordinator: Dr Francesco Barbera

    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes
    Family businesses make a significant contribution to the economic development of national economies around the world. According to latest statistics, most Australian small and medium-sized enterprises (SMEs) are family-controlled businesses. Further the majority of large (public and private) firms are either directly or indirectly family owned and/or controlled. Therefore it is important to have an understanding of the issues facing these firms as well as the ability to apply theory in order to make sense of these issues. As a consequence, the overarching objective of this course is for students to …

    1. Understand the case study method:
    a. How to analyse case studies
    i. Active reading
    ii. Critical thinking
    iii. Problem solving
    b. How to discuss case studies
    i. Forming an argument
    ii. Public speaking
    iii. How to write about case studies
    c. Witting case based essays

    2. Master family business theories and frameworks:
    a. Systems theory
    b. The Resource Based View
    c. Agency theory
    d. Stewardship perspective
    e. Socio-Emotional Wealth
    f. Integrative Model of Succession
    g. Balanced Scorecard

    3. Master case issues:
    Students will be exposed to multiple types of family business cases so as to create a wealth of experience, knowledge and ability to recognize common issues and apply theoretical models.

    4. Master the art of presentation:
    Working in teams, students will become highly skilled in public speaking, presentations and visual aid creation. The course will focus on both public and private presentations of analysis and recommendations consistent with both professional family business consultancy and case presentations within the academic setting.
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1,2,3
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    1,2,3
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    4
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1,2,3,4
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • Able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    3,4
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    4
  • Learning Resources
    Required Resources
    a) There are two primary textbook resources which are required for this course:

    1. William Ellet (2007). The Case Study Handbook: How to Read, Discuss, and Write Persuasively About Cases. (Harvard Business Press) – Free access through MyUni.

    2. Poza & Daugherty (2014). Family Business. (South-Western Cengage Learning) – Ebook available for purchase though Cengage (link posted on MyUni).

    Textbooks will be available for purchase. Alternatively you can purchase an e-book version of the text at a significantly discounted rate. The e-book version has the following features:
    -Available on your laptop, smartphone, tablet or online
    -Use the search function to locate key concepts

    b) Academic readings: Many of the readings for this course have been taken from academic sources. These are listed in the detailed course timetable (available in Canvas). Rather than students having to purchase these texts (or borrow and photocopy the relevant sections from the library), electronic copies of these readings are available for download from the course’s MyUni website.

    c) Case studies – in order for students to get a realistic experience in the issues facing family businesses, this course utilizes multiple case studies. These are listed in the detailed course timetable (available in Canvas). Rather than students having to purchase these cases, electronic copies are available for download from the course’s MyUni website.
    Recommended Resources
    Other reading resources which students may find useful include:

    • Au, Craig, & Ramachandran (2011). Family Enterprise In The Asia Pacific (Edward Elgar Publishing).
    • Sorenson, Yu, Brigham, & Lumpkin (2013). The Landscape Of Family Business (Edward Elgar Publishing).
    • Esteban Brenes (2011). Understanding Entrepreneurial Family Businesses in Uncertain Environments (Edward Elgar Publishing).
    • Sharma, Nason, & Sieger (2013). Exploring Transgenerational Entrepreneurship (Edward Elgar Publishing).
    • Nordqvist & Zellweger (2011) Transgenerational Entrepreneurship (Edward Elgar Publishing).
    Online Learning
    Please make sure to check the course’s MyUni website regularly as this will be the main method in which I communicate to students and make additional information and resources available.
  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary

    No information currently available.

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    No information currently available.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

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