Sponsored by: The and the
Faculty Contact: Tim Habbershon
*Faculty contacts serve as "advisors" to those students who have an interest in the given concentration.
You should feel free to contact these faculty with questions.
The Family Enterprising concentration provides students with the opportunity to understand the entrepreneurial process within the context of the family form of business organization. Students will be challenged to explore Family Enterprising as an action oriented framework that requires families to adopt a distinct mindset and methods focused on creating new streams of wealth across many generations. We refer to this family practice as Transgenerational Entrepreneurship and distinguish it from the normal emphasis on passing the family’s business from one generation to the next. The Family Enterprising lens allows students to discuss topics such as bringing opportunities to the family, building an entrepreneurial team with family members, financing new ventures with family capital, dividing equity and value sharing in the family context, and many other subjects focused on establishing the strategies and structures for Family Enterprising.
Required Courses:
• EPS 3501 Entrepreneurship and New Ventures (or ACE) <4 credits>
AND
• EPS 3545 The Family as Entrepreneur <4 credits, spring>
And
One of the following:
• EPS 3515 The Leadership Challenge in Family Firms: Strategies for Success <4 credits> *OR*
• EPS 3576 Family Enterprise <4 credits, fall>
And
One of the following:
• EPS 3515 The Leadership Challenge in Family Firms: Strategies for Success <4 credits> [if the student did not choose it to fulfill the “one of two” requirements above]
• EPS 3576 Family Enterprise <4 credits, fall> [if the student did not choose it to fulfill the “one of two” requirements above]
• EPS 3550 Corporate Entrepreneurship <4 credits, fall>
• EPS 3520 Managing Growing Businesses <4credits, fall>
• EPS 3521 Venture Growth Strategies <4 credits, spring>
• EPS 3511 Financing Entrepreneurial Ventures <4 credits, spring>
• MOB 3512 Leadership <4 credits, spring>
• MOB 3560 International Business Enterprise <4 credits, fall>
• MOB 3580 Negotiations <4 credits, fall and spring>
Courses suggested but not required:
• ECN 3615 Money, Banking and the Economy <4 credits> Understanding the banking system, interest rates, economic growth, and price and employment stability is a foundational part of conducting business and becoming empowered as a business leader.
• MKT 3560 Developing and Marketing New Products <4 credits> Developing new products is a crucial part of creating new streams of wealth within the firm. Family businesses who desire to be more enterprising need to understand this process.
• MOB 3530 Ethical Management Decision Making <4 credits> Developing effective analysis and problem-solving abilities and having the ability to dialogue over contemporary ethical issues is an important part of the business process.
• MOB 3525 Management Communications <4 credits> Effective management communications are essential to discovering creative solutions to business problems, especially in the complex family business arena.
• MOB 4510 Strategic Decision Making <4 credits> The course focuses on strategy formulation and execution and draws upon the insights from the field of strategy, economics, decision making and corporate finance. It helps students know how strategies are formulated and executed in specific competitive situations.
