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MGT484

Module 1 Required Resources

Textbook

Your course textbook can be accessed via the DART eBook link in the Getting Started module.

Textbook:

Basco, R. (2024). Family business management. Routledge. DOI: 10.4324/9781003273240 

Read:

  • Chapter 1 - Approaching the Concept of Family Business
    • This chapter is important because it covers the differences between family and nonfamily businesses. Discuss and provide examples of the different types of family businesses that are covered. This difference is based on the goals and management of the family business. Additionally, complexities arise from the family business across generations. Finally, the competitive advantage of the family business is explored.  
  • Chapter 2 - Family Business Dynamics 

    • This chapter is important to understand the dynamics of how family members interact in the family business. The roles of each member and how each impacts the family business. The needs, goals, and emotions all affect the family business’ success. The Three-Circle Model is reviewed and applied to explore the complexities involved in the family business.  

  • Chapter 3 - Interpersonal Relationships and Communication in Family Businesses 
    • This chapter is very interesting since it takes a deeper delve into the interpersonal relationships that develop in the family business. The importance and impact of relationships are reviewed with real-world examples. The family genogram is introduced and examined.  

Websites

Videos

Mashed. (2020) The Weird, But True Story Behind the Brothers Who Started Aldi. [Video].  YouTube.  https://www.youtube.com/watch?v=Kzy1G3VK4vY 

The video is fascinating the view. This is a great example of how a family business can have a negative relationship and still move forward to success. Consider the family relationships and roles.