Biohit: A global, family-owned company embarking on a new phase (Kontinen,is the assigned course examination case.

There are some strategic approaches your team can take to this analysis to work smart, not hard. One way your team could take on this assignment would involve the following:
1. Read the case and identify some of the key issues that will impact (a) the business and (b) the family in the next phase.
2. Develop the case summary.
3. Analyze the family issues and suggest recommended solutions based upon your understanding of the business, next phase issues and the potential impacts of any on the family. An associated family genogram should be incorporated into your answer. Responses that incorporate concepts from our texts, reviewed family business-related books and independent sources will receive a higher grade than opinion essays not backed up by facts.
4. Analyze the business issues and suggest recommended solutions based upon your understanding of the family, next phase issues and the potential impacts of any on the business. Responses that incorporate concepts from our texts, reviewed family business-related books, previous work in other business courses, and independent sources will receive a higher grade than opinion essays not backed up by facts.

Note that your responses to this case should demonstrate that you:

(1) understand the nature of entrepreneurship including serial entrepreneurship;
(2) understand important entrepreneurship theories (opportunity recognition, opportunity building, effectuation);
(3) understand some of the key issues that arise during the early phases of firm development;
(4) can speak to issues related to business and family recovery from personal setbacks;
(5) can effectively discuss what is meant by “intrapreneurship”;
(6) discuss the decision-making and management practices of an entrepreneurial firm;
(7) understand the nature of a family business including the retirement phase of a strong manager;
(8) can identify the influences of different ownership structures on the nature of a company;
(9) can discuss how a family business handles its expectations about high-quality innovations with its financial and intellectual resources;
(10) understand and can speak to the challenges associated with bringing the next generation into a family business and how such firms find roles for next generation members.