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Asia Pacific Family Summit: Stimulating Entrepreneurship In Family Firms

on 30 November 2009.

The Babson College STEP Project For Family Enterprising (Successful Transgenerational Entrepreneurship Practices) held its second Asia Pacific Family Summit at the Korean Federation of Banks in Seoul, Korea.

Participants at the November event included academics representing leading universities and families from throughout Asia Pacific. The driving themes of the events were “An entrepreneurial approach to succession” for the open morning session and “The role of effective governance in stimulating entrepreneurship” during the closed session afternoon roundtables. The conference was sponsored by Korean Association of Small Business Studies.

The Babson Global STEP Project is an applied research initiative that explores the entrepreneurial process within business families and generates solutions that have immediate application for family leaders. More information can be found at www.STEPProject.com.

Each year families who participate in the STEP Project are invited to join with academics for a STEP Summit. The Summit is a distinctive part of the STEP Project's applied research design, allowing the families to receive immediate value from the findings and the academics to better understand the needs of the families.

Asia Pacific STEP Project Partner Universities include:
* Chinese University of Hong Kong, Hong Kong
* Nankai University, Tianjin, P.R. China
* Sun Yat-Sen University, Taiwan
* Sun Yat-sen University, Guangzhou, P.R. China
* Kyungpook, National University, Korea
* Seoul National University of Technology, Korea
* Waseda University, Japan
* Bond University, Australia
* Indian School of Business, Hyderabad, India
* UNIRAZAK, Malaysia
* Bangkok University, Thailand

The STEP Project initiator, the Arthur M. Blank Center for Entrepreneurship, is the hub for entrepreneurial activity at Babson. It is the Center’s mission to lead the global advancement of entrepreneurship education and practice through the development of teaching, research, and outreach initiatives that inspire entrepreneurial thinking and cultivate entrepreneurial leadership in all organizations and society. Visit http://www3.babson.edu/eship/ For more information, contact STEP@babson.edu.
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.