Family Business and Management — DU Bachelor of Management Studies Previous Year Question Papers

Family Business and Management Bachelor of Management Studies (GE) Maximurn Marks 90 Marks 1 . 2. 3. Attempt questions as per instructions in each section. Use relevant examples wherever necessary. 1. Define a fanily business. Explain the importance and challenges of family-owned enterprises, highlighting how they differ from non-family businesses. 2. Discuss the classic systems of a family enterprise. How do the family syste`m, ownership system, and business system interact with each other? 4. Write short notes on any two of the following: (.a) Boundaries and homeostasis in family systems (b) Role of ownership structure in governance (c) Cultural and social context in family business readiness Explain how governance structures can help resolve such issues and improve efficiency. 6. Discuss the role of genograms in diagnosing family entanglements. How can they be used` to identify recurring behavioural patterns? 7. Explain Moore's and Barrett's 4L Framework of leadership. How can it be applied to develop future leaders in a family business? Read the case study below and attempt the question following it: Case Study: The Mehra Family Business The Mehra family owns a chain of retail stores established by the first generation. As the business expanded, multiple family members joined in different roles. However, conflicts have arisen due to lack o.f clarity in authority and differences in vision between senior and younger generations. The family shows strong emotional bonding but struggles with adaptability to market changes. Decision-making is often delayed due to disagreements, land there is no structured governance mechanism. 8.UsingtheCircthp`lexModel',analyzethelevelsofcohesionandflexibilityintheMehrafamily and explain how these affect business performance. ~i 9. Recommend measures 'to improve family governance and succession planning to ensure long-term sustainability of the business.