Newswise — This week, Babson College in Wellesley, Mass. USA will meet with its European partner bschools to explore new entrepreneurial models to help family businesses in Europe meet the challenge of expanding social and economic wealth across future generations.
Babson will launch its Successful Transgenerational Entrepreneurship Practices (STEP) Project for Family Enterprising—Building Family Legacies through Growth on July 1-2, 2005 at Bocconi University in Milan, Italy. It is the first ever event to exclusively focus on how families build legacies through growth.
Thirteen of Europe's elite business management institutions will send more than 30 business academics to Bocconi for the three-day summit to generate thought leadership and develop new research models to help family businesses expand their entrepreneurial capabilities and build a strong legacy for the next generation.
"Our goal is to create an environment for high-level dialogue and discovery in order to launch a leading edge research project that will generate solutions with immediate impact on families," said Timothy G. Habbershon, Director of Babson's Institute for Family Enterprising, who will facilitate the gathering. "Each of the partner schools will conduct research and educational activities in their countries as part of the STEP Project in Europe."
Babson expects future Summits to include participating families from the European research for further testing of results. Says Habbershon, "By identifying relevant STEP practices, our goal is to further empower the family as a critical engine for sustainable entrepreneurship in communities and countries worldwide."
Topics for exploration and discussion will include:
"¢ The Entrepreneurial Challenge in Europe"¢ Transgenerational Entrepreneurship: How to create legacies around growth"¢ What is Entrepreneurial Growth in the Family Context?"¢ The Antecedent Orientations for Investigating Family-Level Entrepreneurship"¢ A "Familiness" Approach: How to measure family influence on entrepreneurship "¢ Establishing Research Methodologies: "¢ Clarifying the Unit of Analysis " Who are we assessing?"¢ Establishing the Sampling Parameters - What type of families will we include in the study?"¢ Quantitative Firm Level Survey Research: How to assess multiple family and management stakeholders?"¢ Qualitative Research for Case Analysis: How to get an in-depth look at the family?"¢ The STEP Project: Clarifying the Partnership Agreements and Educational OpportunitiesParticipating partner schools include: Instituto de Empresa, Bocconi University, HEC, ESADE, Jönköping International Business School, Universität Witten/Herdecke, Universität St. Gallen, University of Jyväskylä, Imperial College, UCD Smurfit School, Cyprus International Institute of Management, European Business School, Bilkent University, and University of Ljubljana. Professor Joseph Pistrui from Spain's Instituto de Empressa and Guido Corbetta from Bocconi will join Babson in hosting the Summit. The Habib Bank AG Zurich and the Habib family are sponsoring partners. Muhammad Habib is a 1981 graduate of Babson College and is currently serving as the Chairman of the Babson European Executive Board.
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.
For more information on the STEP Project visit http://www.STEPProject.org. or contact [email protected].
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