BABSON PARTICIPATES IN 5TH LATIN AMERICAN STEP SUMMIT
Fundação Dom Cabral (FDC) hosted the “Successful Transgenerational Entrepreneurship Practices (STEP) Project for Family Enterprising, Latin American Summit” on its Campus located in Nova Lima, Brazil.
This was the 5th Latin America STEP Project Summit and the first to be held in Brazil. The event was held in conjunction with the 3rd Annual Meeting of PDA (Shareholder Development Partnership) Families. The event provided excellent opportunities for interaction and exchange of experiences between the two groups.
PDA is a partnership that makes it possible for families that own family businesses to grow more mature and provide better leadership for their businesses. Based on exchanges of experiences among participants and on conceptual teachings carried out at meetings mediated by FDC, grandparents, parents, children, uncles and aunts, nephews and nieces, heirs, partners and shareholders seek to align the perceptions, responsibilities, prerogatives, rights and strategies that are appropriate to their families and to their companies.
The STEP Summit was initiated with a speech by Fundação Dom Cabral’s Dean, Wagner Furtado Veloso, followed by an STEP Project Overview, by Pramodita Sharma, STEP Project Global Director at Babson College. Thereafter, all participating families were able to attend many lectures of the 3rd Annual Meeting of PDA, as well as, presented by their research representative, asked to briefly introduce their family and company to everyone in attendance.
Through the duration of the Summit, the STEP members were able to discuss, other than case studies, subjects such as Transition Challenges, Entrepreneurial Dreams and Family Action Planning along with the PDA family members, who also gave their testimonials. The fact that these two meetings happened at the same time allowed participants to exchange experiences and get first hand impressions and perspectives, which opened new and exciting challenges.
During the last day of the Latin American Summit many of the Latin American STEP scholars took part in a STEP Latin American Academic Meeting. At this meeting, STEP scholars actively engaged in helping each other to maximize the practical and intellectual potential of their research, share findings and experiences and discuss future research and deliverables for the Project.
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).
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