The STEP Project for family enterprising conducts leading edge research, generates applied entrepreneurship practices, and provides a shared learning environment. The project also examines how families generate new economic activity through venturing, renewal, and generation.
Scholars and practitioners generally focus on assisting families in simply passing a business over to the next generation. In doing so they overlook the greater challenges business families face — passing on the entrepreneurial mindset and capabilities that enable them to sustain and create new streams of wealth across many generations. The STEP Project addresses this challenge by mobilizing entrepreneurship and family business academics along with leading multigenerational family businesses to explore and identify Successful Transgenerational Entrepreneurship Practices. The unique Summit model is the first of its kind to bring together academics and families to move discoveries from research to practice and to discuss key benchmarking indicators.