Family-Owned Businesses

A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood, marriage, or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

Family-owned businesses are closely identified through leadership or ownership. Such businesses are the oldest and most common model of an economic organization.

The purpose of this module is to understand the unique structures, operations, and dynamics of family-owned businesses.

Module Length: 25 Learner Hours

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Family-Owned Businesses Learning Outcomes

Throughout this module, learners can expect to meet the following learning outcomes:

+ Describe the nature and structures of family-owned businesses.
+ Discuss the philosophy, characteristics, and benefits of family-owned businesses.
+ Present strategies to manage and grow a family-owned business.
+ Describe governance-related activities for a family-owned business.
+ Explain strategies to manage the complex dynamics of the family enterprise system.
+ Develop strategies to sustain, grow, preserve, and share the wealth of a family-owned business.

  • Family-Owned Businesses Syllabus

    This document is the syllabus for the Family-Owned Businesses module. The syllabus lists the instructional topics, learning outcomes, and organization for the module.

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  • Family-Owned Businesses Module Description

    This document provides a description of the Family-Owned Businesses module.

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