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:
- Construct best practices for managing family business succession planning.
- Analyze critical aspects of managing family dynamics in family firms.
- Apply the fundamentals of family enterprise governance.
- Evaluate entrepreneurial opportunities for new business ventures and their potential for business success.
- Apply conceptual frameworks from management research and practice to improve individual performance, enhance group dynamics, and foster a positive internal organizational climate.
- Explain how marketers segment markets, choose customer segments to target, and use the marketing mix to position offerings.
- Apply financial management concepts and methods to make basic investment and financing decisions for a business.
| Code | Title | Credits |
|---|---|---|
| Required Core | ||
| BA 251 | +MANAGING ORGANIZATIONS | 4 |
| or BA 252 | INTRODUCTION TO ORGANIZATIONAL BEHAVIOR | |
| 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 365 | FAMILY BUSINESS MANAGEMENT | 4 |
| BA 390 | PRINCIPLES OF MARKETING | 4 |
| or BA 223 | PRINCIPLES OF MARKETING | |
| BA 463 | FAMILY ENTERPRISE GOVERNANCE | 4 |
| FIN 469 | VENTURE FINANCE | 4 |
| Electives | ||
| Select a minimum of 8 credits from the following: 1 | 8 | |
| INNOVATION AND NEW PRODUCT DEVELOPMENT | ||
| VENTURE MANAGEMENT | ||
| LEADERSHIP THEORY AND PRACTICE | ||
| HUMAN RESOURCES MANAGEMENT | ||
| INFLUENCE AND NEGOTIATION | ||
| PROFESSIONAL SALES | ||
| RETAIL MANAGEMENT | ||
Department approved upper-division elective in leadership, family studies, or industry-specific knowledge 2 | ||
| Total Credits | 36-40 | |
- +
Core Education course. Applies to general education requirements for undergraduate students in catalog year 2025-2026 and beyond
- 1
Some elective courses require a prerequisite grade of C or higher
- 2
The department approved elective is limited to a maximum of 4 credits
Minor Code: 783