115-0601/01 – Management of Family Business (MRP)
Gurantor department | Department of Management | Credits | 5 |
Subject guarantor | doc. Ing. Marie Mikušová, Ph.D. | Subject version guarantor | doc. Ing. Marie Mikušová, Ph.D. |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 2 | Semester | winter |
| | Study language | Czech |
Year of introduction | 2019/2020 | Year of cancellation | |
Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
1. Establish a family business in the form of a natural person and in the form of an LLC, fulfilling their obligations to the institutions.
2. Evaluate the requirements of an effective and responsible family business owner, to ensure the financing of the business.
3. Generalize the family business institution and policy-making process.
4. Set up a family meeting, family assembly, call a general meeting.
5. Analyse the barriers to a successful succession process.
Teaching methods
Lectures
Tutorials
Project work
Summary
The course highlights the unique position of family businesses, which make a major contribution to GDP and employment. The issues of this type of business are more extensive and complex compared to non-family businesses.
The aim of the course is to combine and complement knowledge from other economic and management subjects to create an overview of the activities of the manager and owner of a family business, focusing on its specificities.
The student will be able to start a business in the form of a family trademan and a family business in the form of a limited liability company.
The position of the family business and the related issues of the role and responsibility of the owners, the model of family business management including rules and documents, the involvement of non-family members in the management, the preparation of a successful handover of the business to the next generation or balancing the connection between the family and the business are emphasized.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
credit - projects
exam - test, discussion
E-learning
the use of e-learning will be according to current requirements
Other requirements
basic knowledge of management and economics
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Family business (role, status, definition)
2. The role of the family in the management of family businesses
3. Family business, family corporation
4. Business plan
5. Financing options, support for family business
6. Family business management
7. Family institutions
8. Family rules
9. Succession planning and management
10. Succession plan
11. Preparation for the handover of the family business
12. Conflicts in the family business
13. The five rights of owners
14. Advantages and disadvantages of family business
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction