Family Business

By Professor K Kumar, Professor Dalhia Mani   |   Indian Institute of Management Bangalore
Learners enrolled: 3037
Family Businesses are a dominant form of business across the globe and play a crucial role in the economic growth of a nation. However, managing a family business comes with its own unique set of challenges owing to the overlap of family emotions and business aspirations. While the strong hold of family members over the business may dampen the spirit of other members in management, the complex structure of the business evokes a negative public perception in general.

Hence, managing family businesses requires a careful, considerate, tactful approach to maintain peaceful harmony among all the stakeholders. This course brings together the insights from experienced family business practitioners, professional managers, and researchers to address the challenges of family businesses in a pragmatic manner.

This course is open to family business owners, soon-to-be owners (successors of a business), professional managers, and any inquisitive learner interested in family businesses.
Course Status : Completed
Course Type : Core
Duration : 6 weeks
Category :
  • Management Studies
Credit Points : 2
Level : Postgraduate
Start Date : 31 Jul 2023
End Date : 31 Oct 2023
Enrollment Ends : 09 Sep 2023
Exam Date : 01 Dec 2023 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Module 0 : Welcome to the course
Module 1 : Understanding Family Firms
Module 2 : Strategic Management of Family Firms
Module 3 : Governance in Family Firms
Module 4 : Succession Planning in Family Firms
Module 5 : Conflict Management and Resolution

Click here for syllabus

Books and references

Managing the Family Business: Theory and Practice by Thomas Zellweger

Instructor bio

Professor K Kumar

Indian Institute of Management Bangalore

Professor of Entrepreneurship - IIM Bangaore
Prof. K Kumar is a faculty at IIM Bangalore. Before starting his teaching career at IIM Bangalore in 2001, he gained first-hand experience of being an entrepreneur by founding three companies. He has also held positions of CEO, President, and Management Consultant in various reputed organizations. Prof Kumar is an alum of IIM Bangalore, 1981 Batch.

Professor Dalhia Mani

Professor of Entrepreneurship - IIM Bangaore
Prof. Dalhia Mani teaches Entrepreneurship at IIM Bangalore. Dalhia’s research focuses on the networks of ownership ties between firms. She studies the extent to which patterns of ownership ties between firms lead to positive outcomes such as increased firm performance and innovation, and negative outcomes such as tax sheltering and tunnelling. At a more micro-level, she studies how individuals interact, and utilize their networks in complex and uncertain situations. She did her PhD from the University of Minnesota in 2010, and then served as an Assistant Professor in HEC Paris, France until 2016. 

Course certificate

Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.

Grading Policy: 

Assessment Type


Mid-Term & End-Term


Final Exam


Certificate Eligibility:
  • 40% marks and above in Mid Term & End Term
  • 40% marks and above in the final proctored exam


Type of Certificate



75 - 89


70 - 74


40 - 70

Successfully Completed


No Certificate

Sample Certificate:

Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.

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