Family business and successionLaajuus (5 cr)

Objective

You know the main differences between the family and non-family businesses. You can develop long-lasting strategies for the stable and sustainable growth of family-owned enterprises. You know the basic steps in preparation of the next-generation successors in the managerial and ownership contexts. You can bind members and processes of intergenerational businesses acting as an intra-company expert. You can apply findings of the international scholarship in family business in your professional area of occupation.

Content

What are the characteristics of the family-owned business in the international context? What are the main differences between family-owned companies in the first, second, third and later generations? How is management and ownership succession executed in family-owned businesses? How is a family business culture created in the long-lasting companies? What is the contribution of the non-family members in the intergenerational development of family businesses? How can next-generation family members be prepared and practically trained as successors and employees of family-owned enterprises?

Qualifications

No prerequisites

Assessment criteria, good (3)

a. You can use professional vocabulary systematically. b. You can choose out of the multiple sources of professional information concerning family business and succession. c. You know how resolve tasks related to family business continuity individually and collectively in the area of your professional occupation. f. You can behave in a goal-oriented way in designing, executing and evaluating ownership and management activities in the family business context.