Leaders in Family Enterprise in Practice and Theory

Catalog description

Family businesses are the predominant form of business organizations, accounting for nearly two thirds of all businesses in the world, and contribute an estimated 70-90% of the annual global GDP. In the United States, it is estimated there are 32.4 million family businesses, and collectively they contribute over 54% of GDP and generate 59% of private sector workforce. These firms are distinguished from other enterprises by the significant influence of the controlling family on the creation, continuity, mode and extent of growth, and exit of a business. This course aims to prepare students to work effectively and professionally, in, with or for a family firm, to understand the unique characteristics of family ownership, and/or to create, launch and manage create cross-generational value and wealth in family firms.