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.

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 Baccalaureate Core Course (BCC)

Minor Code: 783