MGNT 3920 Family Business Management Fall, 2006

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Nov 20, 2013 (3 years and 4 months ago)

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MGNT 3920 Family Business Management

Fall, 200
6


(#80
083
)






Instructor: P. Holland

9
:
3
0

10
:
4
5 TR

PD

202





Office: Thaxton Hall 201

Email: pholland@valdosta.edu




Office Hours: 9:00 to 11:30 MW
; 1:00 to 2:00 TR


and by appointment


Office Phone: 3
33
-
5991

Catalogue Description:

Corequisite: MGNT 3250. Management issues and techniques for the family
-
owned business and/or managed
enterprise. Topics include stages of development of family business, planning for transitions in ownership and
managemen
t, human relations issues, conflict resolution, and opportunity identification and exploration.


Course Objectives:

Upon completing the course, the student should be able to:


1. Identify family businesses and describe characteristics that make them uniqu
e


2. Diagnose problems in family businesses and recommend solutions or resources to provide solutions.


3. Recommend approaches to planning for transitions in family business.


4. Apply human relations skills to specific family business situations.


Me
thods and Approach:

The course will combine lecture, readings, exercises, and speakers to enable the student to gain knowledge and skills
appropriate to his/her interest in family business. Students will be asked to identify learning roles and structure t
heir
experiences accordingly.


Materials:

Poza, Ernesto J.,
Family Business

. Thomson, 2004. This text is required and available in the bookstore.

Additional materials
are found at
www.fambiz.com

and on the web or a
s handouts.






SCHEDULE

Date


Topic





Assignment


August

1
5

Introduction to Family Business Course







17

Is Family Business Unique?


Chapter 1



2
2

Case: Adelphia Communications

(p.61)

Answer case questions for Adelphia



Handout: “One Boss in a Mi
llion”


Compare and contrast situations








(type and submit at beginning of class)


2
4

The Founder and the Spouse


Chapter
s

2

and 3




29

A Developmental Model of Family Business

Handout

and





http://www.acca.org.uk/publications/accountingandbusiness/947556



31

Case Study and Presentation Workshop








Entrepreneurial Family Business

September

5

Challenge 1: The Marriage Enterprise






7

Challenge 2: Work and
Family





Date:


Topic:





Assignment:




Sept.

1
2

Challenge 3: Happy Ever After


Fambiz
--
Women in Family Business








#6 Antinuptial Policies: An Important and









Delicate Subject








#7 Surviving Prenuptial Agreements








Fambiz
--


Career Issues








#8 Pre
-
Nups: Promoting or Undermining Sound









Family Relations




1
4

Challenge 4: Seizing Opportunity


Review for Exam



Sept.

19

Test 1





Chs. 1
-
3 and Challenges 1
-
4





Sept
.


2
1

Case:
Fasteners for Retail

(A) (p. 171)

An
swer questions


Growing and Evolving Family Business



2
6

Chal
lenge 5: Parents and Children


Chapter 4

and








Fambiz


Career Issues










#9 Working for Yourself



2
8

Challenge 6: Siblings



Fambiz
:
Sibling Rivalry








#8 Controlling Sib
ling Rivalries








#9 When Mothering is Not








Mom’s

Proper Role


Oct.




4

Challenge 7: Estate and ownership transfer

Chapter 5

and









F
ambiz
:

Valuation









#2 Heir Conditioning: Should Your Children Get









T
he

Family Bu
s
iness or What It’s

Worth?



5

Challenge 8: Succession Plan


Make a will/bring a copy




1
0

Challenge 9: Nonfamily Managers


Chapter 7














1
2

Challenge 10: Conflict Management

Chapter 9

and








F
ambiz
: ConflictDispute Resolutio
n









#
8 Resolving Conflict in the Family Business





1
7

Fall Break




19

Case: Sigma Motion

(p. 66)


Answer questions


Complex Family Enterprise



2
4


Challenge 11: Revitalization


Chapter 11







2
6

Challenge
12
: Valuing the Family Business

Fambiz



Valuation









#1 Value Added









#3 Valuing the Closely Held Firm









#5 Valuing the Family Business



October


31

Test 2





Chs.
4,5,
7,

9,
11;

Challenges

5
-
12




November

2

Case Workshop





Finalize teams/company





7

Best
P
ractices: Family Council, Family Plan

Chapter 9



Case: Golf and Gardens (p. 245)



Answer questions





9

Best Practices: Management Development Plan

Chapter 8



Board of Directors/Advisors, Governance




1
4

Best Practices: Values and Culture



Ca
se: Cousins Tournament



Answer questions




1
6

Case: Vega Food





Answer questions





2
1

Case
Presentations




2
3

Thanksgiving holidays: Be thankful for family business






2
8

Case
Presentations




30


Case
Presentations





All written

cases due



F
INAL
Wednesday,

DECEMBER
7

10
:
1
5


12
:
1
5 PM

Chs. 1,
4,5,8,9; Challenges 1,4,6,









Best Practices, and









Developmental Model of Family









Business







Note
: Students requiring classroom accommodations or modific
ations because of documented disability should
meet and discuss this need with the professor at the beginning of the quarter. VSU’s Office of Special Services
works with students with special needs. Students not registered with the Special Services Progr
am should contact
the Special Services Office in Nevins Hall, Room 115. The telephone number is 912
-
245
-
2498.



Also note: The University
Bulletin

states: A

student who misses more than 20% of the classwork of a course
will be subject to receiving a fail
ing grade in the course.

For this course, six classes constitute 20% of the
classwork. Prudent students will save their absences for emergencies since there are no “excused” absences.


Assignments and Grading:

Student performance will be evaluated as fol
lows:

Tests (average of three)





60%

Family Business Case Study and Presentation


20%

Class Activities(case questions, discussion, attendance)

20%


Tests will cover lecture, readings, and other assignments. The format will be a mixture of multiple choic
e, short
answer, and essay questions.


Students will create a case study (written) and present it to the class on the assigned dates. Students may work as
individuals or in teams of up to three.


Class activities will be evaluated on quality of in
-
class

assignments and answers to case questions. Mere attendance
does not earn these points, however you must be present to earn these points!! You will be able to drop one grade;
there will be no make
-
ups.