A family business is a commercial organization owned or controlled by members of a single family or extended family, including relatives related by blood, marriage, or adoption. Family controlled companies are a dominant form of enterprise worldwide. Due to the inextricable link between family and the business, family firms must grapple with unique challenges in that the business decisions are often intertwined with family dynamics, as in the case of succession planning and corporate governance. The purpose of this minor is to provide insight and understanding of the distinct challenges, opportunities, and practices of family/owner-controlled companies.
The minor covers family and business issues of family firms, including family values and culture, managing conflict, sibling rivalry, entitlement, hiring family and nonfamily employees, management of the family business, facilitating growth and change, and succession planning. This minor is intended for those contemplating a career in a family business and for those who plan to consult or provide professional services to family businesses. It will present both a theoretical framework for understanding the family form of business and a practical perspective on working for, or consulting to, a family/owner-controlled business.
This minor is available to non-business students only. If you’re a business major and are interested, you should check out the Undergraduate Concentration in Family Business.
Family Business Minor Curriculum
Below you will find a sample curriculum for the Undergraduate Minor in Family Business. You can find the full set of Family Business Minor requirements in Northeastern’s Course Catalog. Please consult the Course Catalog appropriate to your class year and your academic advisor to ensure your coursework is on track.
ENTR 2301. Innovation!. 4 Hours.
Designed for students across the entire University who wish to learn about innovation—the creative process, the different types of innovation, how innovations are created, and how innovations can be transformed into commercial reality either as new products or new services and either in startups, existing corporations, and nonprofit entities. Offers students an opportunity to obtain the fundamental insight needed to understand the innovation process and to become a player in it.
Complete three courses, one of which may be chosen from the additional electives list:
|ENTR 2215||Understanding Family Enterprise|
|ENTR 3302||Managing and Growing the Family Business|
|ENTR 3401||Consulting Operations Growth in SMEs|
|ENTR 4503||Advanced Studies in Family Business|
|ARTG 1250||Design Process Context and Systems|
|ARTG 3462||Experience Design 1|
|CS 4500||Software Development|
|CS 4520||Mobile Application Development|
|CS 4550||Web Development|
|ENTR 1201||The Entrepreneurial Universe|
|GAME 2010||The Business of Games|
|GE 1110||Engineering Design|
|GE 5100||Product Development for Engineers|
Interested? Next Steps
To declare a minor in the D’Amore-McKim School of Business, students should complete the online minor registration form:
Students will be required to log in using their MyNortheastern credentials. Once the form has been submitted, the student will receive a confirmation email to their Northeastern email account and the student record will be updated within 10-14 business days.
To declare a minor, students must have a 2.0 GPA and be a full-time undergraduate student at Northeastern. To graduate with the minor, students must attain a 2.0 GPA in the courses taken for the minor. No classes for the minor may be taken for a pass/fail grade. The minor is posted on the official transcript within one month of graduation.
Other Minors at D’Amore-McKim
Northeastern students outside of D’Amore-McKim can get a broad overview of the business world, including an introduction to the key functional areas of business administration.
Develop business data capability that can be applied to all business and decisions contexts.
A minor designed to provide students with a solid foundation in the skills and concepts needed to succeed in a consulting-oriented environment.
Northeastern students outside of D’Amore-McKim can prepare to develop new ventures or innovate processes within existing organizations with the Corporate Innovation Minor.
The minor in emerging markets introduces students to the challenges and opportunities that face companies in countries that are rapidly developing into more developed world economies.
Northeastern students outside of D’Amore-McKim will be guided through the startup process through this interdisciplinary minor.
Deepen the knowledge and skills you’ll need to attract, retain, develop, lead and manage employees.
Northeastern students outside of D’Amore-McKim can gain a deeper understanding of brands, current markets trends, and consumers.
Northeastern students outside of D’Amore-McKim can learn the cutting-edge skills necessary to harness, process, and analyze data to address modern marketing challenges.
Create and manage businesses with a focus on the betterment of society with the Undergraduate Minor in Social Innovation and Entrepreneurship.
D’Amore-McKim business majors assume the role of a leader and focus the direction of an organization with strategy in mind.
Develop a deeper understanding of sustainability issues and the business tools needed to address complex environmental issues.