FAMILY BUSINESS

Most enterprises in the world are controlled by their founders or founders’ heirs: these are those the international literature defines “family businesses”.
Some of them are very large-sized and globally known businesses, like Wal-Mart, Samsung, Benetton, Diesel, or Ikea. The others are small and medium-sized and represent the “backbone” of both developed countries and fast-growing economies.
Based on recent international research, this course provides a description of the most relevant issues explaining the strengths and the managerial features of family firms.

TOPICS
The nature of Family Firms; Family businesses around the world
Healthy and unhealthy family businesses; An assessment model for family firms
Life cycle and managerial challenges
Shaping and developing organizational structures and processes in Family Firms
Designing top management teams in Family Firms
Working within top management teams in Family Firms
Decision making processes in Family Firms
Governance processes and structures in Family Firms
Vision, mission and values for family allignment
Evaluation & performance in Family Firms: a socio-emotional wealth approach