The largest 500 family businesses generate US$8.02 trillion in revenue and employ 24.5 million people, making the third largest contribution to the global economy. Family enterprises have a significant impact on the global business landscape, deeply ingrained in the world's culture with widespread influence in their communities and beyond.
Family enterprises typically involve businesses, holding organizations, family offices, trusts, and foundations, making them complex entities to navigate. Working with family members also presents unique challenges due to family dynamics, multi-generational ownership, family wealth, and vision.
The Family Enterprises and Wealth (Online) program, developed by Patricia Angus, an adjunct professor and managing director of the Global Family Enterprise Program at Columbia Business School, combines theory and practice to provide a comprehensive understanding of family enterprises' role in the global economy. Through faculty-authored case studies, application-based assignments, peer discussions, and more, this six-week program teaches leadership principles, management, philanthropy, social enterprise, succession, and sustainability to prepare learners to contribute to the long-term success of complex family enterprises (CFEs).