Families are the dominant form of business organization worldwide – they play a leading role in the social and economic wealth creation of communities and countries.
The STEP Project — Successful Transgenerational Entrepreneurship Practices — is a global applied research initiative that establishes learning partnerships between academics and business families in order to explore the entrepreneurial process in the family form of business organization.
These partnerships generate solutions that have immediate application for family leaders. To achieve continued growth and continuity, they must pass on the entrepreneurial mindsets and capabilities that enable them to create new streams of wealth across many generations. We refer to this practice as transgenerational entrepreneurship. Academics and leading business families from around the world have joined as partners on the STEP Project to explore Successful Transgenerational Entrepreneurship Practices and create a stream of powerful practices and cases that empower families to build their entrepreneurial legacies.