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The Institute for Family Enterprising Blog brings you the latest in events, research and thoughts from within the nexus of family business and entrepreneurship.   We will also use authors and findings from our major research arm - the STEP Project.
 
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Family Enterprising Blog
 
STEP Survey

The STEP Project is in the process of developing the quantitative track of its research. Through this process, we are looking to make take a unique approach which will more accurately capture the complexity that surrounds family businesses.

The first distinctive feature of the survey comes with the unit of analysis. Rather than focusing on the family exclusively, the firm exclusively or the individual exclusively, we are looking at the entire business family group. Many families have a portfolio of businesses and we want to look the family's entire collection.

The majority of large scale survey research in family business thus far has been firm specific, completed by one person in the business, and with "family or non" used as a sort variable. This leads to interesting but certainly oversimplified comparisons between family and non-family firms in certain issues. In performance, for example, the claim is made that family firms perform better than non-family firms. This is an interesting and valuable result, but leads to the questions of how and why families gain a competitive advantage.

In order to address these questions, we are delving deeper into the entire family business system. Our survey will be multi rater (filled out by 10 or more family and non-family persons within a business group) and attempt to assess the family's influence on all aspects of the business. We are implementing new tactics such as applying the standard and validated Entrepreneurial Orientation scale to the family group level and trying to measure the family influence on specific firm resources.

We are excited about the results that this survey will produce: it is certainly not easy data to collect, but it will be very rich data.





Posted by Robert Nason on March 15, 2007 14:10 | link
Babson in Dubai
I've just returned from delivering two one-day seminars on "Transgenerational Wealth Creation: Finding your Familiness Advantage" in Dubai, United Arab Emirates.  It was my first visit to Dubai and just being there was a tremendous learning experience.  The city is one the of the most welcoming to business in all of the middle east, a fact that is leading it to being called the fastest growing city in the world.  The unbelievable real estate development including man made islands, incredible architecture, omnipresent construction, luxury everything, and even an indoor ski complex amidst the desert certainly convinced me of this claim.     

Such an innovative environment proved to be an appropriate venue for the program, which focused on an entrepreneurial approach to growth and succession and discussed many of the culturally distinctive family practices in the region.  We had 70 people attend from family businesses in countries including United Arab Emirates, Pakistan, India, Oman, Jordan, Kuwait, Saudi Arabia, Turkey, France, and Italy.  Muhammad H. Habib '81 P'09 and Habib Bank AG Zurich enabled us to bring this special program to Dubai.  We think the workshop was a great success and look forward doing more outreach that provides value to family groups worldwide. 




Posted by Timothy Habbershon on March 05, 2007 10:41 | link



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