Course: ENT 330. Entrepreneurial Family Business (3)
This course is devoted to understanding the unique issues faced by family-owned and entrepreneurially operated businesses. Family businesses face unique opportunities and challenges associated with the interactions of family, management, and ownership that can extend from one family generation to the next. In particular, family businesses struggle from moving from the founder to successor family generations and encounter challenges in institutionalizing management practices that will sustain the long-term viability of the business. Many family businesses do not succeed or survive when transitioning to second and third generations without intentional interventions. Students will gain the tools and knowledge to lead a family business towards long-term, multi-generational viability.