Family Business Management

via Coursera

Go to class Write review

Details

Go to class

Provider

Coursera
Pricing

Paid Course
Languages

English
Certificate

Certificate Available
Effort

11 weeks, 1 hour a week
Sessions

Self-Paced
Level

Intermediate
Subtitles

English

Found in

Overview

Google, IBM & Meta Certificates – 40% Off

One plan covers every Professional Certificate on Coursera.

Unlock All Certificates

This course explores the key dynamics of family businesses, focusing on succession planning, governance, conflict resolution, and professionalization, specifically within the Indian context. It combines theoretical concepts with practical insights for family firm growth. This resource provides a deep dive into the unique challenges and opportunities within family businesses in India. It offers practical insights and theoretical frameworks to help navigate complex family-business dynamics. Designed for both academic and professional audiences, it equips learners with actionable strategies for sustainable growth and effective leadership. This resource is ideal for family business owners, managers, and professionals seeking to enhance governance, succession planning, and strategic management in family-run enterprises. A basic understanding of business principles is helpful but not required. This course provides an in-depth exploration of family business dynamics, focusing on crucial aspects like succession planning, governance, and professionalization, tailored for family businesses in India. It combines theoretical frameworks with practical case studies to offer actionable insights. This course is based on Family Business Management, by Rajiv G. Agarwal. Copyright ©2022 by Sage Publications Limited. All rights reserved, including rights for text and data mining and training of artificial technologies or similar technologies. Published by Sage Publications Limited, London. Used by arrangement with Sage Publications Limited.

Syllabus

Family Business in India

This module explores the unique characteristics of family businesses in India, including their goals, values, strengths, and weaknesses. Learners will examine how family dynamics influence business strategies and financial performance, and gain insights into the challenges and advantages of managing family-run enterprises.

Theories of a Family Firm

This module explores key theoretical frameworks used to understand family businesses, including agency theory, stewardship theory, and socio-emotional wealth theory. Learners will analyze how these theories explain the success and sustainability of family firms and evaluate their practical implications. The module provides insights into the unique challenges and strategies of managing family-owned enterprises.

Dynamics of Family Businesses: Family Business Interface, Lifecycles of a Family Business

This module explores the complexities of family businesses through the three-circle model, examining how family, business, and ownership intersect across different life stages. Learners will analyze decision-making dynamics, transitions in ownership, and the challenges faced during succession planning. The module equips learners with the tools to assess and navigate the unique challenges of family business management.

Succession

This module explores the critical process of succession in family businesses, covering types of succession, influencing factors, and strategies for successful transitions. Learners will gain insights into the challenges and commitments involved in passing leadership and ownership to the next generation. The content also includes practical tools for evaluating successor readiness and analyzing real-world case studies.

Working Together: Siblings

This module explores the complexities of family business succession, focusing on the unique challenges and strategies for managing sibling relationships in a business setting. Learners will gain insights into conflict resolution, team development stages, and the role of in-laws in family dynamics. The content provides practical tools for fostering collaboration and harmony among family members in a business environment.

Women in Family Businesses

This module explores the unique challenges and opportunities women face in family businesses, focusing on their roles, inclusion in leadership, and strategies for success. It highlights the historical and cultural barriers while examining the benefits and evolving profiles of women in these settings. Learners will gain insight into how family businesses can support women's professional growth and leadership development.

Conflicts in Family Business

This module explores the causes and types of conflicts in family businesses, including ownership, inheritance, and communication issues. It provides strategies for conflict resolution and examines the impact of family dynamics on business operations. Learners will gain insights into managing and mitigating disputes within family-run organizations.

Governance

This module explores the principles and practices of governance in family, business, and ownership contexts. It covers key concepts such as agency theory, board structures, and family governance mechanisms, and examines how these systems contribute to sustainable organizational management. Learners will gain insights into how governance frameworks can be applied to maintain harmony and continuity in family businesses.

Internationalization of Family Firms

This module explores the process of internationalization and how family firms navigate global expansion. It covers key theories, advantages, and challenges faced by family businesses when entering international markets. Learners will gain insights into the strategic decisions and governance structures that influence internationalization efforts.

Professionalization and Family Business

This module explores the concept of professionalization in family businesses, covering its importance, types, and the challenges that can lead to failure. It also examines strategies for integrating external professionals and the implications of family control in business management. Learners will develop a comprehensive understanding of how to manage and sustain family businesses effectively.

The Future of Family Businesses

This module explores the key elements that contribute to the long-term success of family businesses, including governance structures, succession planning, and the role of Multi-Generation Family Organizations (MFOs). Learners will gain insights into the challenges and strategies for maintaining sustainability and legacy across generations.