YRIS2230 Family Business (5 cr)

Study level:
Advanced studies
Grading scale:
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2017-2018, 2018-2019, 2019-2020



The course will increase knowledge on matters related particularly to family-owned small firms. Family firms (i.e. family-owned and managed organizations) are local engines of value creation and employment. The course will cover family ownership, family business ethics, family business consulting, and family business management. From a resource-based viewpoint, the family, and familiness create distinct characteristics typical of family-owned firms. We shall discuss family business research from a managerial perspective, as seen through the leading journals in the field such as Family Business Review, Entrepreneurship: Theory and Practice, and Journal of Small Business Management. Communication skills will be practised through workshops and individual essays.

Completion methods

Contact teaching course, spring semester 3rd period. The study methods of the contact teaching course are specified in the study program annually.

Assessment details

Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.

Learning outcomes

On successful completion of the course, students will have a good understanding of key issues in:

- solving an owner-manager’s decision-making problems in family-owned SMEs
- good governance, seen as a mechanism for the board of directors to create value for SME family firms
- knowledge and practices on consulting the owner-managers of family firms
- running a family business, as a family or non-family CEO.

Study materials

Collection of literature and articles will be announced at the beginning of the class.

Completion methods

Method 1

Select all marked parts
Parts of the completion methods

Teaching (5 cr)

Participation in teaching
Grading scale: