TKUC LogoTHE KING'S UNIVERSITY

TERM:2021-22 Fall
COURSE NUMBER: BUSI 346
COURSE TITLE: Family Business
NAME OF INSTRUCTOR: Dr Gordon Preston
CREDIT WEIGHT AND WEEKLY TIME DISTRIBUTION: credits 3 (hrs lect 3 - hrs sem 0 - hrs lab 0)
COURSE DESCRIPTION: Family owned enterprises present unique management issues which will be explored in this course, including: family vs. business value sets, integration of non-family managers, taxation and inheritance, generational transition, exit strategies, governance structures and conflict management issues

REQUIRED TEXTS:
  • Gersick, K., et al Generation to Generation: Life Cycles of the Family Business, Boston, Harvard Business School Press 1997
  • Other resources will be made available through the class Moodle site or handed out in class.
MARK DISTRIBUTION IN PERCENT:
Mid-Term Exams (2) 30%
Case Study Project 40%
Final Exam 30%
100%
COURSE OBJECTIVES:
  • articulate the principle management issues and potential remedies unique to family owned and/or operated businesses
  • gain a deeper appreciation of the differences in the family and the commerce systems
  • evaluate the impact of a Christian worldview on family business
COURSE OUTLINE:
  • Week 1: Course Introduction and Overview.
  • Week 2: Ownership Development
    • Reading: Gersick - Introduction and ch 1
  • Week 3 & 4: Family Development
    • Reading: Gersick ch. 2
    • Levinson, D. (1986) “A Conception of Adult Development”
    • American Psychologist, v41:1 pp1-8a
  • Week 5: Business Development
    • Reading: Gersick ch. 3
  • Week 6: Mid-term
  • Week 7: Types of Family Businesses
    • Reading: Gersick ch. 4, 5, 6
  • Week 8: Succession
    • Reading: Gersick ch. 7
    • Lansberg (2007) “The Tests of a Prince”
    • Harvard Business Review, v85:9 pp92-101
  • Week 9: Structures/Governance
    • Reading: Gersick ch. 8
  • Week 11: Canadian Tax & Inheritance
  • Week 12: Mid-term
  • Week 13 - 14: Case Study Presentations.


Required texts, assignments, and grade distributions may vary from one offering of this course to the next. Please consult the course instructor for up to date details.

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