Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | BBA422 | ||||||||
Course Name: | Family Business Management | ||||||||
Course Semester: |
Spring |
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Course Credits: |
|
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Faculty Elective | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Dr.Öğr.Üyesi CANAN KOÇER DURMAZ | ||||||||
Course Lecturer(s): | |||||||||
Course Assistants: |
Course Objectives: | The purpose of this course is to give information and suggestions about how to establish a family business. As being a part of business performers; the idea of family business models within the history of commerce is really a big potential. Learning the risks and advantages of family business management; will support the opportunities of business students. |
Course Content: | Definition of family business; investing in family business; the succession conspiracy; management succession in the family business; strategies for family firms; the special role of strategic planning for family businesses; equity compensation for key employees; shareholder relationships in family businesses; planning around the problems of transactions involving family members; professionalizing the family firm; the transition to professional management; culture and continuity in family firms; boards of directors in the family firm; management practices that support entrepreneurship and continued growth; adaptation; survival; and growth of the family business. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | • The nature, importance and uniqueness of Family Business • Differences of family business from others | |
2) | • Great families in Business • Building Trust and Commitment | |
3) | • Features of Family Enterprise | Small Family Examples around World |
4) | • Leadership in Family Business • Leadership Imperatives | |
5) | • Succession and Continuity in Family Business • Succession in Family Business means Continuing Entrepreneurship in family • Connections between the generations | |
6) | • Transfer of Power • Successful Transfers in Family Business according Power | Thinking examples of successful generation businesses in your country |
7) | • Small Family Businesses • Examples of small Family Businesses | |
8) | • Management of Family Business • Best Practices for the Management | |
9) | • Strategy and Governance in Family Business • Creating a strategy • Governance in family business | |
10) | • Financial Consideration in Family Business • Planning the Finance • Valuation of the family business | Reading conceptual framework |
11) | • Family Communication in Business • Family meetings, family councils and family offices | |
12) | • The Future of Family Business • Change, adaptation and Innovation | Idea thinking and finding examples |
13) | • The Spirit of Enterprise • Continuing the Spirit • Lessons from centennial family companies | |
14) | • Examples of how future family businesses must be • Creating new examples, risks and solutions for future family businesses | Idea thinking and finding examples |
15) | Final exam |
Course Notes / Textbooks: | Aile Şirketlerinin Yönetimi, Yazar: Prof. Dr. Arman Kırım; Yayınevi : Sistem Yayıncılık 2010 Aile Şirketleri ve Profesyonel Yöneticiler; Yazar: İnci Özkul, Yayınevi : Bulut Yayınları 2016. |
References: | Küçük ve Orta Ölçekli Aile İşletmelerinde Kurumsal Yönetim, Yazar: Gürkan Haşit, Yayınevi : Ekin Basım Yayın 2010 Aile Şirketleri Yazar: İlhami Fındıkçı, Yayınevi : Alfa Yayıncılık 2014. |
Learning Outcomes | 1 |
2 |
3 |
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Program Outcomes | ||||||||
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | |
4) | Recognise the basic principles and regulations in the financial sector. | |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |
9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
Expression | |
Brainstorming/ Six tihnking hats | |
Individual study and homework | |
Lesson | |
Group study and homework | |
Reading | |
Homework | |
Problem Solving | |
Project preparation | |
Report Writing | |
Q&A / Discussion | |
Technical Tour | |
Case Study | |
Internship/Onsite Practice |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Homework | |
Observation | |
Individual Project | |
Group project | |
Presentation | |
Reporting | |
Bilgisayar Destekli Sunum | |
Case study presentation |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 1 | % 30 |
Homework Assignments | 1 | % 30 |
Final | 1 | % 40 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 42 |
Study Hours Out of Class | 13 | 70 |
Homework Assignments | 14 | 28 |
Final | 2 | 28 |
Total Workload | 168 |