editor's desk  |   links  |   green market  |   comment  |   earth maps   |   press  |   advertise  |   team  |   about  |   news room   |   greener advice

Friday, June 22, 2007

Asia/Pacific Rim program studies multi-generation family businesses

This Wednesday Babson College will launch its STEP Project (Successful Transgenerational Entrepreneurship Practices) in Asia and the Pacific Rim. A three-day research working session for academics, the summit brings professors together from select universities throughout Asia.

More than twenty academic researcher representatives from eleven academic institutions in eight countries will gather at the Chinese University of Hong Kong from June 27-29 for the launch.

The STEP Project research initiative allows business families and academics to learn from one another. The research focuses on understanding how families continue to grow and create wealth across many generations. STEP refers to this capability as Transgenerational Entrepreneurship. The STEP Project seeks to generate knowledge and solutions that have immediate impact and personal application to business families.

Timothy Habbershon, the founding director of the Institute for Family Enterprising at Babson College, will deliver the keynote address entitled, Transgenerational Entrepreneurship: Growth and Continuity in Family Firms.

Workshops and seminars will also feature experts from Ernst & Young and Prudential Assurance, who will present proven financial planning strategies and ways for raising new capital for growth. Dr. Roger King, advisory board member of the CUHK Center for Entrepreneurship and former Managing Director of Oriental Overseas (International) Limited, will discuss how to form a board of directors.

Participating Institutions::

- Chinese University of Hong Kong
- Nankai University, Tianjin, P.R. China
- Sun Yat-Sen University, Taiwan
- National University of Singapore
- Sun Yat-Sen University, Guangzhou, P.R. China
- Kyungpook, National University, Korea
- Seoul National University Of Technology, Korea
- Waseda University, Japan
- Queensland University of Technology, Australia
- Bond University, Australia
- Indian School of Business, Hyderabad, India

The goal of the STEP Project is to understand the transgenerational nature of business families and groups, assessing how they create new economic activity across time.

Recent studies have acknowledged that families:

- control between 60% and 90% of business in nearly every nation
- contribute more than 70% of private jobs
- have a dominant impact on business world wide
- most likely function as the largest single source of start-up capital.

STEP is viewed as a global research consortium with leading universities from four regions of the world – Europe, Latin America, Pacific Rim, and North America. The European STEP Project began in the summer of 2005 at Bocconi University in Milan, Italy with seven founding member institutions: Babson College, ESADE, HEC, Universität St. Gallen, Universität Witten/ Herdecke, Universita Bocconi, and Jönköping International Business School.

The STEP Project initiator, the Arthur M. Blank Center for Entrepreneurship, is the hub for entrepreneurial activity at Babson. It is the Center’s mission to lead the global advancement of entrepreneurship education and practice through the development of teaching, research, and outreach initiatives that inspire entrepreneurial thinking and cultivate entrepreneurial leadership in all organizations and society. Visit http://www3.babson.edu/eship/

For more information on the STEP Project visit http://www.stepproject.org/ or contact rnason@babson.edu.

Greener Magazine


Top of Page

12:11 PM