The exploration of business, personal, and interpersonal issues associated with a family owned and managed company. Topics include: family psychology and organizational structure, life cycles in family business, strategic family and business planning, succession planning, family business conflict resolution, estate planning, the role of professional managers, and others. This is not a course about how to become an entrepreneur or how to start or manage a business. It is most appropriate for those students who are part of a family that owns and manages a business. Pre: BUS 315 or graduate status, or consent.