This class aims to search a concrete method for the family businesses to solve the conflict between tradition and innovation and achieve their contribution to the region.
Nowadays in the US and Europe, there has been a growing interest in the family business. In spite of several problems, it becomes clear that the family business has higher profitability and capital efficiency, and invites more innovation than other businesses. They are based on the region and conduct the management in the long-term perspective. On the other hand, although Japan is a treasury of family businesses, hardly any study and education about family business has been done and the outcome is expected around the world.
From 2009, Keio University has made an effort to create leading base for family business study and created original case materials. In this class, we will use these case materials to study family business governance, management philosophy, strategy and organization, innovation, long-life structure and the contribution to the region, and discuss how to realize the coexistence of private interest and social welfare. We will invite family business managers to deepen our knowledge about the management on site. The essay about family business management will be expected as a final assignment.