Overview

The STEP Project for family enterprising conducts leading edge research, generates applied entrepreneurship practices, and provides a shared learning environment. The project also examines how families generate new economic activity through venturing, renewal, and generation.

Scholars and practitioners generally focus on assisting families in simply passing a business over to the next generation. In doing so they overlook the greater challenges business families face -- passing on the entrepreneurial mindset and capabilities that enable them to sustain and create new streams of wealth across many generations.

The STEP Project addresses this challenge by mobilizing entrepreneurship and family business academics along with leading multigenerational family businesses to explore and identify Successful Transgenerational Entrepreneurship Practices. The unique Summit model is the first of its kind to bring together academics and families to move discoveries from research to practice and to discuss key benchmarking indicators.

The STEP Project is designed to:

  • Conduct leading edge research on the entrepreneurial capabilities and contribution of business families worldwide
  • Generate an applied stream of entrepreneurship powerful practices that lead to family business continuity and growth
  • Provide a shared learning environment where researchers and professors interact with family business leaders to generate solutions that have immediate impact

Vision

Creating Value Through New Insights

To contribute to the fields of entrepreneurship and family business with a research project that establishes and examines the nexus between these two related fields

By establishing a network of researchers who explore the entrepreneurial attitudes and capabilities of families through a blended qualitative and quantitative methodology leading to a stream of high quality publications

To ensure the continuity and growth of family businesses and groups by assisting them in passing on the mindset and capabilities for value creation across many generations

And establishing a series of programs that bring family leaders together with academics for dialogue and discovery around the research findings and application. ​​

The STEP Project looks at how families generate new economic activity through:
  • Venturing - launching new businesses
  • Renewal - revitalizing existing businesses
  • Innovation - introducing new products and processes
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