​Successful Transgenerational EntrepreneurSHIP Practices (STEP)

"Getting Started" STEP Webinar

Founded in 2005 by Babson College in collaboration with six academic affiliates in Europe, the STEP Project is a global applied research initiative that explores the entrepreneurial process within business families and generates solutions that have immediate application for family leaders. The visionary institutions that founded the project include ESADE (Spain), HEC (France), Jönköping International Business School (Sweden), Universita Bocconi (Italy), Universitat St. Gallen (Switzerland), Universitat Witten/Herdecke (Germany), and Babson College (USA).

Families are the dominant form of business organization worldwide—they play a leading role in the social and economic wealth creation of communities and countries. To achieve continued growth and continuity, they must pass on the entrepreneurial mindsets and capabilities that enable them to create new streams of wealth across many generations—not just pass a business from one generation to the next. We refer to this practice as transgenerational entrepreneurship.

Leading academics and business families from around the world have joined as partners of the STEP Project to explore Successful Transgenerational Entrepreneurship Practices and create a stream of powerful practices and cases that empower families to build their entrepreneurial legacies.​



 STEP Affiliates Around the World


View STEP Affiliates in a larger map

​The STEP Project for Family Enterprising is the first global research study to foc​us on entrepreneurship in business families. For further information regarding STEP, please contact STEP@babson.edu.



Opportunities for Publishing (pdf) »

University of Vermont Family Business Course Outline »

Witten Institute International Family Business Research Interactive Map »

New Report Reveals The 500 Largest Family–Owned Companies In The World »

The Business Times - Longevity in Prosperity  »​

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​View STEP News (pdf) »​​​​





TWO New Affiliates in the European Region


Istanbul Ticaret Universitesi


Lappeenranta University of Technology



First Report of the STEP SURVEY Results:

 STEP Global Booklet Volume II


 STEP Related Links


“The close collaboration with our participating business families as well as the Regional and Global Summits have generated very valuable insights into the phenomenon of transgenerational entrepreneurship. STEP is a unique project that allows both researchers and practitioners to engage in a very fruitful process of mutual learning.”

— Prof. Dr. Philipp Sieger
University of St. Gallen