COURSE UNIT TITLE

: FAMILY BUSINESS MANAGEMENT

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MBA 5086 FAMILY BUSINESS MANAGEMENT ELECTIVE 3 0 0 4

Offered By

Business Administration (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR ÖMÜR NECZAN ÖZMEN

Offered to

Business Administration (English)

Course Objective

The course iis designed to understand the unique characteristics that allow familiy-controlled businesess to create inimitable competitive advantages that result in their outperformance. It focuses necessary practices managerial functions, organizational structure, strategic planning, finance and market-driven options, family Dynamics, ownership, communication, conflict, leadership, empowerment, management team groups and practices necessary to ensure effective optimization of all of the family business subsystems for the long-term benefit of the family business .

Learning Outcomes of the Course Unit

1   understand the unique aspects, distinctive advantages and potential of a family business for superior returns and contribution to the economy
2   understand the critical issues that family businesses face in managing, governance relational dynamics to improve business performance.
3   understand importance of family council meetings, family constitution identifying various stakeholders of a family business and their relationship to business performance
4   improve the management, leading, communication and conflict resolution skills to build trust and understanding
5   identify how to make forecast and analyze environmental metrics to cope with foreseeable obstacles to continuity of a family business
6   gain an academic and practice framework for assessing the long-run performance capabilities of family-controlled companies
7   develop and enhance the essential interpersonal skills to be an effective team member.
8   exhibit awarenes about ethical, personal, corporate values, socially responsible behaviors.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction, Meaning of family
2 The nature, importance, characteristics and uniqueness of family business, family business systems vs. non-family businesses
3 Family systems, Individual roles and functions in the family
4 Traditional Family Business with Modern Business Principles, professional management
5 Family communication, family meetings, family councils, and family offices, family constitution
6 Entrepreneurship and the next generation, Renewing entrepreneurship
7 Family Busines leading and governance
8 Mid-Term
9 Balancing family and business planning
10 Estate Planning, trusts and other Devices
11 Discussions on characteristics of successful family businesses, succession and the transfer of power, successful family business
12 Conflicts management in the family
13 Continuing the spirit of enterprise: Lessons from centennial family companies ,what dıstınguıshes great famıly busınesses
14 Presentation

Recomended or Required Reading

1 Family Business, 3rd Edition by Ernesto J. Poza, South-Western Cengage Learning
2.Zacharakis, A., Spinelli, S., & Timmons, J. (2011). Business Plans that Work: A Guide for Small Business 2/E. McGrawHill.
3.Timmons, J. & Spinelli, S. (2008). New Venture Creation: Entreprenurship for the 21st Century. McGrawHill.

Planned Learning Activities and Teaching Methods

lectures from and interact with academics, family business practitioners, and psychologists.
Class discussions field projects., discussion with family business owners, case analysis,and Presentations

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.20 + STT* 0.40 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.20 + STT * 0.40 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. Student will define the typical business plan.
2. Student will make strategic planning
3. Student will make effective forecasting
4. Student will define alternatives to evaluate opportunities and to cope with threads

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 12 1 12
Preparation for midterm exam 1 10 10
Preparation for final exam 1 10 10
Preparing assignments 1 17 17
Preparing presentations 1 8 8
Field study 4 3 12
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 109

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8
LO.155555
LO.25555
LO.355
LO.455554
LO.54
LO.65545
LO.75
LO.855

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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