The Family Business Legacy Institute is proud to be partnering with Concordia University to offer an online minor in Family Business Studies. The program is designed to help participants:
- Understand the unique managerial challenges of family enterprises
- Navigate managerial issues from the perspectives of multiple roles and assess current organizational and competitive issues demanding managerial attention in the family business
- Formulate action plans to resolve current issues
- Manage the change processes necessary for sustaining and growing family enterprises
- Consistently demonstrate the ability to contribute structure, content, self-awareness and feedback throughout the course
- Learn fundamental principles and practices of family business owner management
- Through application of course concepts, learn to analyze and collaboratively develop the governance, decision making processes and human capital of the family business owner
The Family Business Minor Core Courses (18 credits)
Family Business Management – BUS 320 (3 cr.) – Equips students with critical thinking skills in the family business context. Introduces students to basic strategic decision making skills in the development (opportunities, issues and challenges) of the family business. Guides the student to gain factual knowledge about core family business owner management terminology, concepts and processes. Introduces students to the knowledge of operations and management – planning, organizing, leading and controlling the resources of a family business organization.
Family Business Strategic Planning – BUS 325 (3 cr.) – Will focus on the fundamental strategic planning opportunities and challenges facing family business owner management. Topics include: the strategy-making process; stakeholders – the vision and mission, governance and business ethics; external analysis; building competitive advantage; business level strategy and competitive positioning; strategy in the global environment; corporate level strategy and long-term profitability; strategic change – implementing strategies to build and develop the company; and implementing strategies through organizational design.
Conflict Management – BCOM 390 (3cr.) – Conflict Management focuses on causes, types, and functions of conflict in family and work environments. The course reviews alternative tactics usable in conflict situations. Prevention of conflict and alternatives to conflict are examined, integrating a research perspective. The course presents effective methods of peace making, collaboration, assertiveness, and directness for sensitive or difficult people that we live and work with.
Planning New Ventures – BUS 262 (3 cr.) – Students will learn how to develop and then write a business plan regarding a new business venture within an existing family business or as an extension of a more diversified family business independent organization. The student will focus on SWOT analysis – market analysis, financial projections and start-up/operating plans all within the context of the family business. The students will get hands-on experience developing and presenting their business plans.
Organizational Behavior – MGMT 340 (3 cr.) – Organizational Behavioral considers the behavior of individuals and group within an organizational context. Students consider individual-level factors such as motivation and attitudes, group level factors such as communication, work teams and conflict, and organizational structure, learning and change processes.
Students must also select one of the below courses depending on area of family business interest:
ENTR290 Social Entrepreneurship: Innovating beyond the Forest and Through the Trees (3 cr)
Students have the opportunity within a Christian context to identify and address social and global challenges. They will apply innovation, creativity, critical thinking and risk-taking to solve various challenges from an entrepreneurial perspective. Business skills such as planning, opportunity analysis, financial management and forecasting and resourcefulness are critical elements of this course. Prerequisites: None.
BUS360 Small Business Administration (3 cr)
This course studies the problems and opportunities of managing a small company. Specific concerns of retail, service and small manufacturing firms are addressed. Location selecting, financing and operations are investigated. Prerequisite: BUS130
ENTR390 Entrepreneurship Practicum (3 cr)
This practicum course is an action-based learning module where students of all disciplines collaborate to work on entrepreneurial endeavors. Whether working to launch their own startup ventures or assisting existing startups reach into new and emerging markets, this course seeks to empower students to innovate, problem-solve and adapt as they navigate the startup landscape. Entrepreneurship is both a mindset and a process. This course will cultivate, inspire and draw out creative and innovative student skills. Students take a holistic approach to problem solving, immersing them in their target market and can work individually or in a team to formulate and advance their idea. Grades will not be determined by whether or not a student launches a startup, but by the learning, problem solving and collaboration that takes place.