Family Entrepreneurship Courses

Graduate Level

The Family Entrepreneurship Intensity Track

The Intensity Track allows MBA students who expect to pursue a career around family business to prepare for their future roles through a focused set of courses and experiences. Students who complete Family Entrepreneurship Intensity track will be recognized at graduation. The videos below are recordings of a recent information session by Professor Matt Allen and IFE Executive Director Lauri Union, explaining how you can incorporate Family Entrepreneurship programs in your academic plan. Please note that application for both the Intensity Track and the Amplifier Course for 2019-2020 is currently closed. Details of the application for the next academic year (2020-2021) will be available in Spring 2020.

FE Intensity Track Chart

The requirements to complete the Intensity Track are:

  • Required Capstone: the graduate level Family Entrepreneurship Amplifier Course, which includes execution of a family entrepreneurship initiative. Please note that application for both the Intensity Track and the Amplifier Course for 2019-2020 is currently closed.
  • At least one of the following Family Entrepreneurship courses:
    • EPS7556-E01 FOUNDATIONS OF FAMILY ENTREPRENEURSHIP (Gartner)
    • EPS9551-01 Critical Questions Facing Family Business - Fall Intensive  (Habbershon)
    • EPS9553-01 FAMILY BUSINESS TO NEXT STAGE OF GROWTH  - Spring Intensive (Habbershon)
  • Attend at least 2 Family Entrepreneurship Co-Curricular events, such as:
  • Attend at least 1 Activity at the Lewis Institute
  • Complete a Final Reflection Paper
  • Below is a selection of recommended electives that complement this track:
    • EPS7520 MANAGING GROWING BUSINESSES
    • MBA7541  BUILDING AND LEADING CONSCIOUS BUSINESs
    • MOB9545 LEADING & MANAGING CHANGE
    • MOB7511  NEGOTIATIONS
    • MOB7570 LEADERSHIP
    • MOB7552  LEADING BUSINESS TURNAROUNDS
    • MOB 7548: LEADING FOR SOCIAL VALUE
    • LAW7515-A41  YOUR ENTREPRENEURIAL SUCCESS LEGAL ESSENTIALS

*We will hold two cohort meetings for FE Intensity Track students per semester. Students will learn from content experts and share lessons learned among peers.

Fall Semester Meetings: Thursday October 17th and Thursday December 5th from 12:00 - 1:00 pm.

Spring Semester Meetings: Thursday February 20th and Thursday April 23rd from 12:00 - 1:00 pm.

Description of Graduate Level Family Entrepreneurship Courses

The Family Entrepreneurship Amplifier Course engages entrepreneurial families during their students’ entire Babson experience. Under the guidance of the lead professors, who are experts in the field of Family Entrepreneurship, students explore with their parents various aspects of their family’s entrepreneurial legacy. More often than not, these conversations, though crucial to the successful transfer of entrepreneurship to the next generation, do not happen naturally. Offered only at Babson, the Amplifier Course’s immersive experience fosters the growth of the family’s entrepreneurial legacy by co-creating a shared family vision that engages the next generation. 

The Foundations of Family Entrepreneurship Course provides a broad overview of topics that are relevant to understanding the nature and dynamics of entrepreneurial families. It covers such topics as; defining family entrepreneurship versus family business, identifying the pervasiveness of family entrepreneurship and its economic and social contributions, governance and succession in entrepreneurial families, the management of change and transgenerational value creation, conflict management, and the development and allocation of financial and human assets.

The Family Business to the Next stage of Growth Course explores the challenges and complexity of growth in the generational context of the family. The course also includes a "family retreat" that provides personalized coaching to students and their families. The goal is to stimulate deeper personal and professional reflection, facilitate peer collegial conversation, set students up for collaborative decision making in the family, and lead to an action plan for execution by the students on their goals.

The Critical Questions Facing Business Families Course helps students move from a parent-child to a professional-peer relationship with their parents. Topics of discussion include: how to build relationship capital in the family, living with your family history, understanding the goals for effective communication, developing next stage communication skills, learning to have hard conversations, how to stop acting like a child, how to get your parents to start acting like a peer, giving and taking feedback in the family, creating a self-coaching family team, creating sibling unity, having successful family meetings, etc.

Undergraduate Level

The Family Entrepreneurship Amplifier Course engages entrepreneurial families during their students’ entire Babson experience. Under the guidance of the lead professors, who are experts in the field of Family Entrepreneurship, students explore with their parents various aspects of their family’s entrepreneurial legacy. More often than not, these conversations, though crucial to the successful transfer of entrepreneurship to the next generation, do not happen naturally. Offered only at Babson, the Amplifier Course’s immersive experience fosters the growth of the family’s entrepreneurial legacy by co-creating a shared family vision that engages the next generation. 

Amplifier Class 2018-19

For Executive Education courses, please go to the Family Entrepreneurship Courses in the IFE Executive Education page.