Family Business Minor
This program is available at the following locations:
- Corvallis
- Ecampus
Family businesses are the dominant form of economic organization within the state of Oregon and the Pacific Northwest. It is vital to understand the dynamics within a family business to arm family members and non-family consultants and executives with the knowledge they need to help the family firm succeed.
The Family Business minor is intended to prepare students for leadership positions within a family firm. With a focus on entrepreneurship, it offers students the opportunity to develop their entrepreneurial talents while providing a solid foundation on the risks and challenges facing a family firm, including finances, legal issues, marketing and succession planning. The curriculum will prepare future family business leaders to balance the well-being of the business, the family and individuals, as they address the challenges and opportunities which inevitably arise, day to day and during succession.
Minor Code: 783
Upon successful completion of the program, students will meet the following learning outcomes:
- Explain the key differences between family and non-family firms.
- Identify and describe best practices for managing family business succession planning.
- Recognize critical aspects of managing family dynamics in family firms.
- Describe and apply the fundamentals of family enterprise governance.
- Recognize entrepreneurial opportunities for new business ventures and evaluate their potential for business success.
- Demonstrate the ability to lead by using team building skills and facilitating collaborative behaviors in the accomplishment of group goals and objectives.
- Define markets and apply marketing concepts and principles using a customer focus to effectively sell products and services.
- Make basic investment and financing decisions for a business using financial management concepts, and methods.
| Code | Title | Credits |
|---|---|---|
| Required Core | ||
| BA 260 | FOUNDATIONS OF THE ENTREPRENEURIAL MINDSET | 4 |
| BA 315 | ACCOUNTING FOR DECISION MAKING | 4-8 |
| or BA 211Z & BA 213Z | PRINCIPLES OF FINANCIAL ACCOUNTING and PRINCIPLES OF MANAGERIAL ACCOUNTING | |
| BA 351/BA 251 | MANAGING ORGANIZATIONS | 4 |
| or BA 352/BA 252 | MANAGING INDIVIDUAL AND TEAM PERFORMANCE | |
| BA 360 | INTRODUCTION TO FINANCIAL MANAGEMENT | 4 |
| BA 365 | FAMILY BUSINESS MANAGEMENT | 4 |
| BA 390 | PRINCIPLES OF MARKETING | 4 |
| BA 463 | FAMILY ENTERPRISE GOVERNANCE | 4 |
| ECON 201 | +*INTRODUCTION TO MICROECONOMICS | 4 |
| or AEC 311 | INTERMEDIATE APPLIED ECONOMICS I: PRODUCERS AND CONSUMERS | |
| Total Credits | 32-36 | |
- *
Baccalaureate Core Course (BCC)
- +
Core Education course. Applies only to students admitted to an OSU undergraduate degree from Summer 2025 onwards
Minor Code: 783