Strategies and governance in family business
Code 282PP
Credits 9
Learning outcomes
Educational Goals
The course addresses the theme of competitiveness of small and medium size business, with particular reference to family businesses, focusing on institutional and organizational strategies.
The teaching focuses on analyzing and understanding the conditions of development and going concern of family business, with insights on the issue of delegation and the company management, on the design of the structure of corporate governance, on the theme of growth in size and planning and management processes of transition between generations.
The philosophy of the course is based on the process of continuous interaction between teacher and students. The course is aimed at developing practical skills, including presentation of case histories, the development of an action-oriented mindset, including decision-making process simulation, development of a capacity for complex economic scenario.
Syllabus
The course addresses the conceptual models and operating conditions of family business with particular regard to the country Italy. In particular are subject of study paths that support the strategic development and, therefore, business going concern as a precondition for economic longevity.
The course is structured as follows:
1. Conceptual models and operating conditions of family business - Relativity interpretation of company size - Ownership and control in the family: the relation between family and business - The entrepreneurial function and the management function
2. Organization and governance in the family - Theories and models of corporate governance - The board of directors of the family: functional relevance, characters and discriminatory methods of composition
3. Going concern in strategic thinking and corporate longevity – Phases and management of generation change – The family business feelings and the economic reasons – Formalization and delegation in the decision making process- The transmission of knowledge assets
4. Elements to assess strategic options in the family business - Analysis and understanding of the capacity cognition - Entrepreneurial formula and strategic orientation of the business - Scenarios and strategic competitive arenas in the near future
Inside the course are provided testimony on theme corporate growth strategies in family businesses.
The course addresses the theme of competitiveness of small and medium size business, with particular reference to family businesses, focusing on institutional and organizational strategies.
The teaching focuses on analyzing and understanding the conditions of development and going concern of family business, with insights on the issue of delegation and the company management, on the design of the structure of corporate governance, on the theme of growth in size and planning and management processes of transition between generations.
The philosophy of the course is based on the process of continuous interaction between teacher and students. The course is aimed at developing practical skills, including presentation of case histories, the development of an action-oriented mindset, including decision-making process simulation, development of a capacity for complex economic scenario.
Syllabus
The course addresses the conceptual models and operating conditions of family business with particular regard to the country Italy. In particular are subject of study paths that support the strategic development and, therefore, business going concern as a precondition for economic longevity.
The course is structured as follows:
1. Conceptual models and operating conditions of family business - Relativity interpretation of company size - Ownership and control in the family: the relation between family and business - The entrepreneurial function and the management function
2. Organization and governance in the family - Theories and models of corporate governance - The board of directors of the family: functional relevance, characters and discriminatory methods of composition
3. Going concern in strategic thinking and corporate longevity – Phases and management of generation change – The family business feelings and the economic reasons – Formalization and delegation in the decision making process- The transmission of knowledge assets
4. Elements to assess strategic options in the family business - Analysis and understanding of the capacity cognition - Entrepreneurial formula and strategic orientation of the business - Scenarios and strategic competitive arenas in the near future
Inside the course are provided testimony on theme corporate growth strategies in family businesses.