Universität Wien

040152 KU Family Firm Internationalisation (MA) (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

If you have questions concerning this course, please write to judith.ladenstein@univie.ac.at

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Wednesday 07.10. 13:15 - 14:45 Digital
Wednesday 14.10. 13:15 - 14:45 Digital
Wednesday 21.10. 13:15 - 14:45 Digital
Wednesday 28.10. 13:15 - 14:45 Digital
Wednesday 04.11. 13:15 - 14:45 Digital
Wednesday 11.11. 13:15 - 14:45 Digital
Wednesday 18.11. 13:15 - 14:45 Digital
Wednesday 25.11. 13:15 - 14:45 Digital
Wednesday 02.12. 13:15 - 14:45 Digital
Wednesday 09.12. 13:15 - 14:45 Digital
Wednesday 20.01. 13:15 - 14:45 Digital
Wednesday 27.01. 13:15 - 14:45 Digital

Information

Aims, contents and method of the course

This course provides students with theoretical frameworks of how to work entrepreneurially and professionally, in and with family firms, and manage effectively the unique challenges that these organizations face when operating in the international context.
Family firms are the most ubiquitous form of business organization globally and the enduring influence of families on business and society is an essential part of the backbone of any world economy. Family businesses are different from any other profit-seeking organization due to the family’s influence on the firm’s strategic goals, governance structures and competitive resources. We will consider how aspects such as ownership, succession, sibling rivalry and relationships with non-family members affect the international strategic choices of family firms in terms of entry modes, location choices, strategic partnerships, processes and post-entry dynamics. Consistently with its practice-oriented nature, this course will include also guest lectures from family business leaders, consultants and experts, in order to foster interactions between the students and the entrepreneurial community.
By the end of the course, students should be able to:
• Understand the unique strategic and managerial challenges for family firms operating internationally.
• Identify strengths and weaknesses of family firms in the international context.
• Critically appraise how family heterogeneity in terms of family structures, functions, interactions and events affect family firm internationalization choices.
• Consider the different strategic drivers of family business behaviour at international level.
• Comprehend how the factors occurring over time to the family and the business affect internationalization process and outcomes.
• Evaluate how contextual factors, such as institutions, market and industry contingencies affect family firm internationalization.
See more details here: https://international-business.univie.ac.at/fileadmin/user_upload/p_international_business/Syllabi/2020_WS__Syllabus_FF_internationalization_FD-1.pdf

Assessment and permitted materials

The examination is structured in three parts:
1. Midterm examination: Case study to be solved individually (20% of the final grade)
2. Final exam: Open-ended questions covering the whole content of the course (45%)
3. Report and Presentation of a Group project - further details will be discussed on lecture 1 (35%)

Minimum requirements and assessment criteria

1: 87% - 100%
2: 75% - 86,99%
3: 63% - 74,99%
4: 50% - 62,99%
5: 0% - 49,99%

Examination topics

Reading list

Exam preparation material.
The study material is based on the following papers, as described in details in the syllabus. Moreover, at the end of each lesson, slides in .pdf format will also be provided and will be part of the exam preparation material.
1. Arregle, J. L., Duran, P., Hitt, M. A., & Van Essen, M. (2017). Why is family firms’ internationalization unique? A meta–analysis. Entrepreneurship Theory and Practice, 41(5), 801-831.
2. Arregle, J. L., Hitt, M. A., & Mari, I. (2019). A missing link in family firms’ internationalization research: Family structures. Journal of International Business Studies, 50(5), 809-825.
3. Banalieva, E. R., & Eddleston, K. A. (2011). Home-region focus and performance of family firms: The role of family vs non-family leaders. Journal of International Business Studies, 42(8), 1060-1072.
4. Debellis, F., De Massis, A., Petruzzelli, A. M., Frattini, F., & Del Giudice, M. (2020). Strategic agility and international joint ventures: The willingness-ability paradox of family firms. Journal of International Management.
5. Debellis, F., Rondi, E., Plakoyiannaki, E., De Massis, A. (2020). Riding the waves of family firm internationalization: A systematic literature review, integrative framework, and research agenda. Journal of World Business, forthcoming.
6. Fang, H., Kotlar, J., Memili, E., Chrisman, J. J., & De Massis, A. (2018). The pursuit of international opportunities in family firms: Generational differences and the role of knowledge‐based resources. Global Strategy Journal, 8(1), 136-157.
7. Hennart, J. F., Majocchi, A., & Forlani, E. (2019). The myth of the stay-at-home family firm: How family-managed SMEs can overcome their internationalization limitations. Journal of International Business Studies, 50(5), 758-782.
8. Kano, L., & Verbeke, A. (2018). Family firm internationalization: Heritage assets and the impact of bifurcation bias. Global Strategy Journal, 8(1), 158-183.
9. Sciascia, S., Mazzola, P., Astrachan, J. H., & Pieper, T. M. (2012). The role of family ownership in international entrepreneurship: Exploring nonlinear effects. Small Business Economics, 38(1), 15-31.
10. Sestu, M. C., & Majocchi, A. (2020). Family firms and the choice between wholly owned subsidiaries and joint ventures: A transaction costs perspective. Entrepreneurship Theory and Practice, 44(2), 211-232.

Optional Reading (books)
• De Massis, A., Sharma, P., Chua, J. H., & Chrisman, J. J. (2012). Family business studies: An annotated bibliography. Edward Elgar Publishing.
• Zellweger, T. (2017). Managing the family business: Theory and practice. Edward Elgar Publishing.

Association in the course directory

Last modified: Fr 12.05.2023 00:12