On the 28th of June 2011 at a ceremony with over 100 guests the M.Sc. ‘Family Business Management’ received the ‘Land of Ideas’ award.
WIFU is very proud to have received such an award for the idea and realization of this unique course just 9 months after its launch.
The course „ Family Business Management“ (M.Sc.) is the first Master of Science in Germany in the field of managing family businesses. It is targeted at students who want to deal with the dynamics, interaction and challenges of family and business within a family business. During their studies, students learn to recognize early the particular risks and opportunities for this type of company as well as how to evaluate their importance and then take appropriate action to manage them.
The Economic Science Faculty of Witten/Herdecke University has consequently given the Masters course an interdisciplinary orientation: Economics, psychology, sociology and law are integral parts. These subjects are the basis for the conception of the Witten Institute for Family Business (WIFU), which is largely responsible for the conceptual design and execution of the courses of study.