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FFI 2012: Lessons Learned From the Frontlines


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FFI 2012: Lessons Learned From the Frontlines

  1. 1. Lessons Learned From the Frontlines: Navigating the Challenging Waters Where Academia Meets Business. Saturday, October 20, 2012© 2012
  2. 2. Our panel• Ted Clark – Center For Family Business at Northeastern University• Shauna Feth – Alberta Business Family Institute at the University of Alberta• Deb Houden – The Family Business Center at the University of Wisconsin• Daniel Van Der Vliet - The Family Business Initiative at the University of Vermont© 2012
  3. 3. Three parts1. The founding and developmental stages of the FBA.2. Examine the various centers and relative strength of the various family business center models.3. Discussion on ways to more fully leverage the strength of this network and tap into the collective voice of family businesses and their critical needs.© 2012
  4. 4. The Family Business AllianceThe Family Business Alliance is an association ofdirectors from university affiliated familybusiness centers in the United States andCanada. Through its roughly 50 centers, workswith over 2500 family business owners andleaders. This discussion will highlightcollaborative efforts and new initiatives.© 2012
  5. 5. History• 2003: Elizabethtown, Pennsylvania, USA• 2004: Kennesaw State, Georgia, USA• 2005: Cal State Fullerton, California, USA• 2006: University of Wisconsin, Wisconsin, USA• 2007: University of Vermont, Vermont, USA• 2008: Stetson University, Florida, USA• 2009: University of Illinois – Chicago, Illinois, USA• 2010: Cal State Fullerton, California, USA• 2011: UNC – Ashville, North Carolina, USA• 2012: Tulane University, Louisiana, USA• 2013: University of Alberta, Alberta, CANADA!© 2012
  6. 6. Who is the FBA?• Approximately 50 centers• Canada and the United States• No established governance• Various models of “membership”• Up to 2500 member businesses• University based as well as independent© 2012
  7. 7. Already accomplished• Created the annual meeting• Listserv of 150+• Webinar series - 2010• Family Business Wiki Master Class – 2011• Compile survey data© 2012
  8. 8. Questions?• Are there advantages to formalizing?• How will we make decisions?• Is the future of the membership model sustainable?© 2012
  9. 9. “…unless endowed with significant resources of ability, time, and money, difficult choices of focus will have to be made to enjoy sustainable growth into the future.” Sharma, et. al., (2007)© 2012
  10. 10. Family Business Center Directors survey n=28© 2012
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  16. 16. Qualitative responsesCollected from a sample of center directors,university faculty and key stakeholders. 1. In your opinion, what is the overall state of family business centers right now? 2. What do you feel is unique or compelling about your center? 3. How do you envision the future of the Family Business Alliance?© 2012
  17. 17. In your opinion, what is the overall state of family business centers right now?“If there are about 40 centers alive, compared to100+ in years past, this is an indication of thefailure rate that could continue. If theres morethan 40, where are they? And why are they notresponding to requests that they confirm theirexistence? - Ira Bryck© 2012
  18. 18. In your opinion, what is the overall state of family business centers right now?“(The successful centers) are tireless incontacting and getting to know membersand prospects. They focus more onkeeping members happy than face timewith sponsors.” - Joe Astrachan© 2012
  19. 19. In your opinion, what is the overall state of family business centers right now?“I am encouraged by my recent experience, which was thesuccessful transfer of the center at which I am the director fromthe sponsoring and founding university to another regionaluniversity. When the membership learned that the options wereto close the center or look for a new home, they overwhelmingagreed to and shepherded the process. They obviously foundsignificant value in the program to dedicate themselves to thecontinuation and hopefully enhancement of the center.” - Patrice Persico© 2012
  20. 20. What do you feel is unique or compelling about your center?“I would say that our integration into theUniversity via the creation of the Holistic Model,the emphasis on the next generation, the firstmajor in the field, and an innovative andintimate national outreach program.” - Greg McCann© 2012
  21. 21. What do you feel is unique or compelling about your center?“We have the opportunity to offer themstrategic programming not only for businesstraining but personal growth within families andorganizations. We offer presenters, educators,mentors and peers that have training and haveresearched these business issues as one and ascombined force.“ - Donna Herilhy© 2012
  22. 22. What do you feel is unique or compelling about your center?“…we are financially independent of statefunding through the University. Therefore weare not managed to weather continual budgetchallenges.” - Debbe Skutch© 2012
  23. 23. How do you envision the future of the FBA?“Will hopefully continue with more of the beststuff; making sure discussion is on the edge;challenging assumptions, a healthy mix ofcontent and process, not just a place to find theconventional wisdom or good enough speakers,not trying to prove to anyone else that we are amini me of some other type of group; avoidforeign entanglements.” - Ira Bryck© 2012
  24. 24. Your Turn!As outreach centers how can morefully integrate the emergent issuesfrom the research into the "on theground" programs and resources weprovide?© 2012
  25. 25. Your Turn!As outreach centers what wouldmake us more relevant to theteaching and research prioritiesof the university?© 2012
  26. 26. Your Turn!As outreach centers how can wemore successfully integrate andutilize the academic resourcesboth from a teaching perspectiveand a research perspective?© 2012
  27. 27. Your Turn!As outreach centers how can wecollectively leverage the positiverelationships we have with nearly3000 successful businesses?© 2012