Business schools are increasingly working with their international counterparts to attract the offspring of family business dynasties to their courses as they up their efforts in the sector.
The recent move by Saïd Business School of Oxford University and Harvard Business School to team up with the Guanghua School of Management at Peking University to offer education and research around Chinese family businesses is the latest cooperation among business schools from different countries to attract the scions of multi-generational businesses.
INSEAD, with its campuses just outside of Paris and Singapore, also works with Wharton/University of Pennsylvania, Kellogg at Northwestern University and the China Europe International Business School in teaching its MBA program. Students following the various family business electives can benefit from expertise in family enterprises at all these schools. Others are also looking at ways to promote international cooperation to make their programs more attractive to an increasingly global-oriented next generation of family business leaders.
The growing importance of family enterprises to business schools around the world is portrayed in Family Capital’s first Top 25 Business Schools for family businesses. Among the well established names in the field like Harvard Business School, INSEAD, IMD and Wharton, are new names like CEIBS, Cornell and Lancaster University.