Family Business Management

Paper Code: 
(MED 322)
Credits: 
4
Contact Hours: 
60.00
Objective: 

The objective of the course is to provide an understanding of family business management.

12.00
Unit I: 

Defining family business; Why family businesses are special,

Family business dynamics: people, systems & growing

complexity, The family’s relationship with the business:

developing a strategic vision & building teamwork

12.00
Unit II: 

The next generation: Human resource management and
leadership perspective, Getting help: making the most of outside
resources.

12.00
Unit III: 

Professionalizing the boardroom: the role of balanced board of

directors Cousin companies: family governance in

multigenerational family firms.

12.00
Unit IV: 

Succession Planning: Managing succession: the leadership

challenge, Building financial security and relinquishing control,

Wealth management: family offices and philanthropy

12.00
Unit V: 

Family Business Houses in India.

Essential Readings: 

1. Peter Leach, Family Business: The Essentials, Profile Books Publications.
2.  Jain, Rajesh, Chains that Liberate: Governance of Family Firms, Macmillan India Ltd.
3. Andrew Drake, Understanding Family Business: A Practical Guide for the Next Generation, Next Generation Publications.
4. Dutta, S. , Family Business in India, New Delhi: Response Books
5. Goode, W.J.. The Family. Second edition, Upper Saddle River,. Prentice-Hall.

Academic Year: 
2018-2019
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