Course Code :


Title :

Family Businesses Management

Type/Status :


aaaaaaaaaaaa Aims :
This course module is designed to provide an overall knowledge on managing family businesses.
Learning Outcome : aaaaaaaaaaaaaaaa
By the end of this course unit students should be able to:
  • Describe what are family businesses
  • Identify the characteristics that differentiate family business from other businesses
  • Examine the life cycles of family businesses from the perspective of business, family and ownership development
  • Learn methods to enhance communication ability and conflict resolution with family business owners, managers, and family members, including relatives
  • Learn to evaluate situations and problems in family businesses

Course Content : The family business: what it is, what makes it unique, Nature of family businesses and business families, their contribution to economy and society, Agency and Resource-Based theory perspectives, family and Business Lifecycles, strategies for family businesses, leadership succession process and succession planning, the problems faced by family businesses, and how these problems can be overcome, Promoting Strategic Growth and the Critical Role of Non-Family Managers. Family business governance: the role of the board

Method of Teaching & Learning:

Lecture, Case studies and Workshops, Simulated exercise, field visit, group projects

Scheme of Evaluation:

Assignments, presentations, case studies, individual reports and end semester examination.

The weights given to each component of the evaluation method is announced at the commencement of the module.

Recommended Readings: Scarborough and Zimmerer.(2006). Effective Small Business Management.8th ed. Prentice Hall.

Zimmerer, Scarborough and Wilson.(2008). Essentials of Entrepreneurship and Small Business Management.5th ed. Prentice Hall.

Zimmerer and Scarborough.(2005). Essentials of Entrepreneurship and Small Business Management.5th ed. Prentice Hall.

Longenecker, Moore, Petty and Palich. (2006). Managing Small Businesses. Indian edition, South-Western

Task Force for Small and Medium Enterprise Sector Development Program.(2002). National Strategy for Small and Medium Enterprise Development in Sri Lanka.White Paper.

Generation to Generation: Life Cycles of the Family Business Kelin E. Gersick , John A. Davis , Marion McCollom Hampton , Ivan Lansberg

When Family Businesses are Best: The Parallel Planning Process for Family Harmony and Business Success by Randel S. Carlock

Inside the Multi-Generational Family Business by Mark T. Green

Journal Articles

Schulze, W., Lubatkin, M., & Dino, R., “Exploring the agency consequences of ownership dispersion among the directors of private family firms”. Academy of Management Journal, 46(2), 2003, pp. 179–194.

Cabrera-Suarez, K., De Saa-Perez, P., & Garcia-Almeida, D., “The succession process from a resource and knowledge-based view of the family firm.” Family Business Review, 14(1), 2001, pp. 37–47.