ENT 351 Managing the Family Enterprise
As the fundamental unit of society, families provide a unique mixture of values, trust and passion that has kindled entrepreneurship in societies around the world for centuries. In the United States, family-owned businesses generate over half of the nation's GDP, employ almost two-thirds of the workforce, and are responsible for over three quarters of all new job creation. This course uses a case-based approach to address the unique challenges and opportunities faced by family entrepreneurs as they build the family enterprise. Topics to be covered include mission/vision/values, building and maintaining the business' culture; family business governance; succession planning; financial management and wealth planning; and conflict resolution.