New family business major offers two classes

Getting your class schedule ready for registration? Consider the new family business major. Interested business and nonbusiness students are invited to register for family business classes offered during J-Term and spring semester 2010. (See course descriptions below.)

For more information about the classes and the major, attend the E-Society meeting at 11:45 a.m. Tuesday, Nov. 10, in Room 114, McNeely Hall. Those unable to attend can learn more by scheduling an appointment with an adviser or by e-mailing Emily Pritchard.

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ENTR 298: Introduction to Family Business
 J-Term 2010

Have you considered a role as owner, manager, or employee in your family’s business or foundation? Or, have you thought about starting your own family business? This class introduces you to options available in family business. The most common kind of business in the world is family business in which family members are owners, partners (spouses, siblings, or other relatives), and/or managers of single businesses or multiple-businesses enterprises. This class reviews different forms of family businesses, the roles of family members in those businesses, and how to manage family-member involvement and interaction to promote business and family success.

 ENTR 349 Family Business Management 
Spring 2010

Examine family business from a social systems perspective, including the underlying communication, social structure, family identity, and collective trust that build collective trust and contribute to firm performance. Understand individual and business life cycles. Apply management processes that build and sustain family business performance. Develop plans for succession, career development, and family business continuity. Parents or other significant family members are expected to either audit this course or actively participate in the course with their sons or daughters.

Prerequisite: Junior standing.