Risorse bibliografiche
Risorsa bibliografica obbligatoria
Risorsa bibliografica facoltativa
Scheda Riassuntiva
Anno Accademico 2019/2020
Scuola Scuola di Ingegneria Industriale e dell'Informazione
Insegnamento 054136 - FAMILY BUSINESS
Docente Kotlar Josip
Cfu 5.00 Tipo insegnamento Monodisciplinare

Corso di Studi Codice Piano di Studio preventivamente approvato Da (compreso) A (escluso) Insegnamento

Obiettivi dell'insegnamento

1. Understand the distinctive strategic and managerial factors distinguishing the family business form of orgnization, and the impact of those factors on business performance

2. Design solutions to strategic problems in family firms, applying a scientific and engineering approach based on rigorous models and frameworks

3. Present strategic solutions in a family business organization in a professional, responsible, effective and constructive way, also working effectively within a group

Risultati di apprendimento attesi

At the successful completion of the course, students will:

1. Be able to explain about the distinctive strategic and managerial implications of family influence on business

2. Be able to use rigorous methods to assess the role of families for creating and sustaining competitive advantage and disadvantages

3. Be able to articulate a family firms’ vision, mission, values and goals

4. Be able to predict and explain how family enterprises change and evolve over generations, and how they may succeed in disruptive environments

5. Be able to systematically evaluate and choose between different strategies and routes of action in the family enterprise

6. Be able to develop critical evaluations of the strengths and weaknesses of family enterprises in context

Argomenti trattati

Family-owned companies are highly prevalent across countries and industries, ranging from small to large, from local to multinational, from privately-held to publicly-traded family business groups.


For long time, family companies have been the engine of the world’s economic growth and development. Today, however, their traditional strengths are put into question by fast-changing global competition and technology disruptions. Moreover, recent research suggests that about 30% of family companies in Europe will undergo generational succession within the next 10 years.


This new course will help you understand and implement the driving factors that help family companies succeed and thrive in the digital age.


Whether you are part of a business family, or whether you intend to work with a family company as a non-family manager, consultant, investment banker, private banker or in other roles, you will gain important insights about how to leverage the strengths of family companies, address their inherent vulnerabilities, and sustain their competitive advantage over time


Course contents include:

The future of family firms in the 21st century: Definitions of family business; Types of family firms; Impact of demographic and societal changes on family firms.

Designing effective governance for the family enterprise: Definition of corporate governance; Differences in corporate governance between family and non-family firms; The relationship between corporate governance and firm performance; Key constitutes of family and business governance.

Succession planning and generational change: Internal and external succession options in family firms; Assessing the successor’s fit and readiness; Planning and executing a succession plan.

Professionalization: Professionalization defined; Internal and external dimensions of professionalization in family firms; The impact of professionalization on firm growth and performance.

Managing resources, capabilities, and competitive (dis)advantages in family firms: The effect of family ownership and management on firm performance; Resources and liabilities of family firms; The success paradox; Assessing competitive advantage in family firms; Building sustainable competitive advantage in family firms.

Strategy formulation and execution in family business: Family business strategy defined; Drivers of strategic decision making in family firms; The role of financial wealth and socio-emotional wealth considerations in family business strategy.

Financing issues in family firms: Advantages and disadvantages of family business finance; Financing options in family firms; Financing growth in family firms; venture capital, private equity and public stock markets (IPO).

Managing innovation in the family enterprise: Opportunities and challenges for family firm innovation; Innovation Through Tradition (ITT); Innovation and generational change in family firms.


Nessun prerequisito

Modalità di valutazione

All the material relevant to the course and assessment is available on the Beep platform, including lecture slides and examples of case studies.


The final assessment includes two parts:


  1. A case study analysis (15 points), to be developed in groups and presented in a final report (students will submit their final report at the end of the course).
  • The case study is provided at the mid-term of the course.
  • The case study presents a real family business situation, along with a question/challenge to be addressed.
  • Working in groups, students must develop a strategic analysis of the case which includes: 1. Judgements about competitive advantage and disadvantages; 2. Predictions about the future development of the family enterprise across generations; 3. Identify and evaluate different strategic options; 4. Develop an actionable strategic plan for addressing the main challenges presented, and ensure the long-term success of the family firm.
  1. An interview (15 points) aimed at assessing overall understand of the main course contents and the achievement of the course's learning objectives. 

Risorsa bibliografica facoltativaThomas Zellweger, Managing the Family Business: Theory and Practice , Editore: Edward Elgar, ISBN: 9781783470709 https://www.e-elgar.com/shop/family-business-in-theory-and-practice

Software utilizzato
Nessun software richiesto

Forme didattiche
Tipo Forma Didattica Ore di attività svolte in aula
Ore di studio autonome
Laboratorio Informatico
Laboratorio Sperimentale
Laboratorio Di Progetto
Totale 50:00 75:00

Informazioni in lingua inglese a supporto dell'internazionalizzazione
Insegnamento erogato in lingua Inglese
Disponibilità di materiale didattico/slides in lingua inglese
Disponibilità di libri di testo/bibliografia in lingua inglese
Possibilità di sostenere l'esame in lingua inglese
Disponibilità di supporto didattico in lingua inglese
schedaincarico v. 1.8.4 / 1.8.4
Area Servizi ICT