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SECTION I: GENERAL INFORMATION ABOUT THE COURSE

Course Code Course Name Year Semester Theoretical Practical Credit ECTS
60311MEEOZ-BUS0366 Family Business 3 Spring 3 0 3 4
Course Type : Elective Course I
Cycle: Bachelor      TQF-HE:6. Master`s Degree      QF-EHEA:First Cycle      EQF-LLL:6. Master`s Degree
Language of Instruction: English
Prerequisities and Co-requisities: N/A
Mode of Delivery:
Name of Coordinator: Dr. Öğr. Üyesi ÖZGÜR BURÇAK GÜRSOY YENİLMEZ
Dersin Öğretim Eleman(lar)ı: Dr. Öğr. Üyesi ÖZGÜR BURÇAK GÜRSOY YENİLMEZ
Dersin Kategorisi: Programme Specific

SECTION II: INTRODUCTION TO THE COURSE

Course Objectives & Content

Course Objectives: The course has teaching objectives to identify the characteristics differentiating a family business from other businesses and examine the life cycles of family businesses from the perspective of business, family and ownership. It also aims to show best practices and explore emerging trends in family business management to business administration students.
Course Content: Overwhelming majority of all businesses are classified as “family businesses” in all over the world. This undergraduate course focuses on this vital and interesting sector. The course begins with how to define family business and their strengths and weaknesses. Then, governance and succession issues, change and relationships in family owned and managed companies will be discussed. The managerial, strategic, financial and behavioral complexities in these firms will be shown. Turkish context is also elaborated with a special emphasis on cultural and social characteristics of business system.

Course Learning Outcomes (CLOs)

Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:
Knowledge (Described as Theoritical and/or Factual Knowledge.)
  1) Learning the prevalence and economic contribution, and strengths and weaknessess of family business in all around the world.
  2) Learning about the governance and succession problems specific to family firms and the possible solution schemes.
  3) Learning about the elements of change, relationship and conflict management specific to family businesses.
Skills (Describe as Cognitive and/or Practical Skills.)
  1) Knowing about several case studies from different countries and comparing these cases with Turkish counterparts.
Competences (Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)
  1) Making a research about the course toppics on a selected Turkish family business company and present the findings.
  2) Learning the importance of family businesses in Turkish business system comparatively and implementing the theoretical knowledge on real-life case studies.
  3) Effectively presenting a research topic.

Weekly Course Schedule

Week Subject
Materials Sharing *
Related Preparation Further Study
1) Introduction
2) Defining the Family Business Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
3) Prevalence and economic contribution of family firms Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
4) Strengths and weaknesses of family firms Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
5) Governance in the family business – I Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
6) Governance in the family business – II Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
7) Strategic management in the family business Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
8) MIDTERM
9) Succession in the family business - I Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
10) Succession in the family business – II Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
11) Change and transgenerational value creation Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
12) Relationships and conflict in the family business Zellweger, Managing the Family Business, related chapter Zellweger, Managing the Family Business, related chapter
13) Family Business in Turkish Context Selekler-Goksen, N.N., Yildirim Öktem, Ö. Countervailing institutional forces: corporate governance in Turkish family business groups. J Manag Gov 13, 193–213 (2009). https://doi.org/10.1007/s10997-009-9083-z Yildirim-Öktem, Ö. and Üsdiken, B. (2010), Contingencies versus External Pressure: Professionalization in Boards of Firms Affiliated to Family Business Groups in Late-Industrializing Countries. British Journal of Management, 21: 115-130. https://doi.org/10.1111/j.1467-8551.2009.00663.x Selekler-Goksen, N.N., Yildirim Öktem, Ö. Countervailing institutional forces: corporate governance in Turkish family business groups. J Manag Gov 13, 193–213 (2009). https://doi.org/10.1007/s10997-009-9083-z Yildirim-Öktem, Ö. and Üsdiken, B. (2010), Contingencies versus External Pressure: Professionalization in Boards of Firms Affiliated to Family Business Groups in Late-Industrializing Countries. British Journal of Management, 21: 115-130. https://doi.org/10.1111/j.1467-8551.2009.00663.x
14) HOMEWORK SUBMISSION AND PRESENTATIONS
*These fields provides students with course materials for their pre- and further study before and after the course delivered.

Recommended or Required Reading & Other Learning Resources/Tools

Course Notes / Textbooks: Thomas Zellweger, Managing the Family Business: Theory and Practice (Cheltenham: Edward Elgar Publishing, 2017).
References: Thomas Zellweger, Managing the Family Business: Theory and Practice (Cheltenham: Edward Elgar Publishing, 2017).

SECTION III: RELATIONSHIP BETWEEN COURSE UNIT AND COURSE LEARNING OUTCOMES (CLOs)

(The matrix below shows how the course learning outcomes (CLOs) associates with programme learning outcomes (both KPLOs & SPLOs) and, if exist, the level of quantitative contribution to them.)

Relationship Between CLOs & PLOs

(KPLOs and SPLOs are the abbreviations for Key & Sub- Programme Learning Outcomes, respectively. )
CLOs/PLOs KPLO 1 KPLO 2 KPLO 3 KPLO 4 KPLO 5
1 2 1 2 1 2 3 1 2 3 4 1 2 3 4 5 6 7 8 9 10 11 12
CLO1
CLO1
CLO2
CLO2
CLO3
CLO3
CLO4

Level of Contribution of the Course to PLOs

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Programme Learning Outcomes Contribution Level (from 1 to 5)
1) Use and apply area concepts and theories in sub-disciplines of business administration.
2) Have ability to effectively plan and use economic, technological and information sources and tools in organizations by using appropriate theories and methods.
3) Promote a climate of integrity, change and innovativeness within and around contemporary business environment of which they will become part of as an employee/manager.
4) Applies the theoretical knowledge in business life during a semester.
5) S/he acquires the competencies that develop by the expectations of business world and the society defined as the institutional outcomes of our university on the advanced level in relation with his/her field.

SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE

Teaching & Learning Methods of the Course

(All teaching and learning methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)
Teaching and Learning Methods defined at the Programme Level
Teaching and Learning Methods Defined for the Course
Lectures
Discussion
Case Study
Problem Solving
Demonstration
Views
Laboratory
Reading
Homework
Project Preparation
Thesis Preparation
Peer Education
Seminar
Technical Visit
Course Conference
Brain Storming
Questions Answers
Individual and Group Work
Role Playing-Animation-Improvisation
Active Participation in Class

Assessment & Evaluation Methods of the Course

(All assessment and evaluation methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)
Aassessment and evaluation Methods defined at the Programme Level
Assessment and Evaluation Methods defined for the Course
Midterm
Presentation
Final Exam
Quiz
Report Evaluation
Homework Evaluation
Oral Exam
Thesis Defense
Jury Evaluation
Practice Exam
Evaluation of Implementation Training in the Workplace
Active Participation in Class
Participation in Discussions

Relationship Between CLOs & Teaching-Learning, Assesment-Evaluation Methods of the Course

(The matrix below shows the teaching-learning and assessment-evaluation methods designated for the course unit in relation to the course learning outcomes.)
LEARNING & TEACHING METHODS
COURSE LEARNING OUTCOMES
ASSESMENT & EVALUATION METHODS
CLO1 CLO1 CLO2 CLO2 CLO3 CLO3 CLO4
-Lectures -Midterm
-Discussion -Presentation
-Case Study -Final Exam
-Problem Solving -Quiz
-Demonstration -Report Evaluation
-Views -Homework Evaluation
-Laboratory -Oral Exam
-Reading -Thesis Defense
-Homework -Jury Evaluation
-Project Preparation -Practice Exam
-Thesis Preparation -Evaluation of Implementation Training in the Workplace
-Peer Education -Active Participation in Class
-Seminar - Participation in Discussions
-Technical Visit
-Course Conference
-Brain Storming
-Questions Answers
-Individual and Group Work
-Role Playing-Animation-Improvisation
-Active Participation in Class

Contribution of Assesment & Evalution Activities to Final Grade of the Course

Measurement and Evaluation Methods # of practice per semester Level of Contribution
Homework Assignments 1 % 10.00
Presentation 1 % 10.00
Midterms 1 % 30.00
Semester Final Exam 1 % 50.00
Total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
Total % 100

SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE

WORKLOAD OF TEACHING & LEARNING ACTIVITIES
Teaching & Learning Activities # of Activities per semester Duration (hour) Total Workload
Course 14 3 42
Laboratory 0 0 0
Application 0 0 0
Special Course Internship (Work Placement) 0 0 0
Field Work 0 0 0
Study Hours Out of Class 0 0 0
Presentations / Seminar 1 15 15
Project 0 0 0
Homework Assignments 1 15 15
Total Workload of Teaching & Learning Activities - - 72
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES
Assesment & Evaluation Activities # of Activities per semester Duration (hour) Total Workload
Quizzes 0 0 0
Midterms 1 20 20
Semester Final Exam 1 30 30
Total Workload of Assesment & Evaluation Activities - - 50
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) 122
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) 4