MNE3704 Assignment 2 Semester 2 2025 (Answer Guide) - Due September 2025

MNE3704 Assignment 2 Semester 2 2025 (Answer Guide) - Due September 2025 Contents QUESTION 1 — CASE: Five Sisters and Two Executors 2 1.1 Pitfalls family business owners should avoid (8 marks) 2 1.2 Three reasons family business owners delay estate planning (3 marks) 3 1.3 Topics covered in estate planning — was this present in the case? (3 marks) 4 1.4 Role of board of directors — how the board can assist the sisters (6 marks) 4 1.5 Six reasons why the five sisters fired the executors (6 marks) 5 1.6 Business valuation approaches and recommended approach (4 marks) 6 QUESTION 2 — THEORY AND SYSTEMS VIEW 6 2.1 Perceived unique competitive challenges in family businesses (8 marks) 6 2.2 Systems-theory perspective — characteristics in the family-ownership-management system (8 marks) 8 2.3 Competencies that family-controlled businesses can turn into value creators (4 marks) 9 References 10