Description

Family Business Management

 

Major : Mandatory

S.Y.B.Com.: Semester – III

 

Syllabus (As Per NEP 2020) w.e.f. the Academic Year 2025-26

 

Module 1 : Family Business Management
Unit I : Family Business Management : An Introduction
♦ Historical Evolution of Family Business, Characteristics of Family Business Management, Types of Family Business
♦ Family Business : Importance and Challenges, Women in Family Business
Case Study
Successful Family Business Case Study
https://medium.com/@vansh.khandelwal06/the-success-story-of-mdh-masala-greatness-born- out-of-persistence-e793bfd557f2
Failed Family Business Case Study
https://thesecretariat.in/article/succession-planning-in-corporate-india-why-the-godrej-family-is-an-outlier

Unit II : Strategic Planning and Family Business Theories and Models
♦ Significance of Strategic Planning in Family Businesses, Family Business Life Cycle and Stages
♦ Systems Theory in Family Business Management : The 3-Circle Model (Family, Business, Ownership), Strategic Regeneration Theory, Family Team Model
Case Study
Generational Transitions in Family Business
Godrej Family Amicably Splits 127-year-old Conglomerate into Two Groups – Company News – Business Standard – https://www.business-standard.com/companies/news/godrej-family- amicably-splits-127-year-old-conglomerate-into-two-groups-124050100031_1.html
Family Enterprise : Balancing Tradition and Innovation – https://www.imd.org/blog/family- business/family-enterprise/

Module 2 : Governance in Family Business
Unit I : Governance in Family Business and Conflict Resolution
♦ Role of Governance in Family Business, Impact of EQ and SQ on Family Business Management, Business Ethics and CSR
♦ Types of Conflict in Family Businesses, Principles of Conflict Management in Family Businesses, Conflict Resolution Strategies
Case Study
Tata Trusts to Reform Operations, Reduces Management Roles and Expenses
https://www.business-standard.com/companies/news/tata-trusts-to-reform-operations-reduces-management-roles-and-expenses-124102800285_1.html
India’s Top 4 Business Families Anchor for a Fifth of CSR Contributions
https://www.business-standard.com/companies/news/india-s-top-4-business-families-anchor-for-a-fifth-of-csr-contributions-125022600884_1.html

Unit II : Leadership in Family Business
♦ Types of Succession Planning in Family Business, Techniques of Cultivating Leadership in a Family Business, Leadership Traits for Family Business Successors, Nature and Impact of Transformational Leadership in a Family Business
♦ Financial Decision-making in Family Businesses, Profit-sharing Mechanisms for Family Businesses, Factors Influencing Family Business Succession
Case Study
Succession at Reliance : A Large Family Fortune Starts a Risky Transition
https://www.business-standard.com/companies/news/succession-at-reliance-a-large-family-fortune-starts-a-risky-transition-123082900320_1.html
What Leadership Transition Means for Reliance Industries
https://www.business-standard.com/podcast/companies/what-leadership-transition-means-for-reliance-industries-121123000095_1.html