Leading Family Firms into the Future
The future of our economy is in the hands of family firms. The future of family firms is in the hands of the next generation.
By their nature, family firms hold vast amounts of intellectual capital. Their activities account for one third of Fortune 500 companies. In the EU, 80% of companies are family firms, accounting for 75% of all employment. In the Netherlands, 69% of firms are family owned (excluding self-employed entrepreneurs), and they are estimated to contribute to over half of the Dutch national product each year.
The role of the newly-formed Erasmus Centre for Family Business is to research this – and other aspects of family-run businesses – to promote the development and long-term viability of family businesses around the world. A particular focus will be on developing leader capabilities for the next generation.
“We want to increase awareness of the study of family business to the academic and practitioner communities, and highlight its importance to the economy. Our interests lay in the challenges involved in responsible ownership through teaching, development of educational materials, and outreach activities in order to ensure the viability of family businesses around the world,” says Scientific Director Dr Vanessa Strike.
The Erasmus Centre for Family Business (ECFB) launches on Friday, 30 November with speakers and a panel discussion exploring the importance of the next generation in leading family firms. They will address the question: how can we ensure the success of the next generation in leading family firms?
Rotterdam School of Management, Erasmus University
Burgemeester Oudlaan 50
3062 PA Rotterdam
Organizer: Rotterdam School of Management