As the family business topic continues to grow in prominence on the global stage, the 11th Family Enterprise Research Conference (FERC), has just wrapped up in Burlington, Vermont.
Hosted by the University of Vermont’s School of Business Administration, more than 150 participants from 27 countries heard from leading family business experts, exchanging ideas about research and trends within the field. Considerable discussion centered around the implications of sustainable business on the family enterprise, and the role family businesses can play in solving some of the world’s pressing issues.
FERC came about in part to emphasize the study of the unique field of family business that many feel is still underappreciated. “We focus so much on understanding the corporate model,” said Allison Pearson, one of the presidents of FERC, “but we kind of forget this important part of how these companies start and the roles that families play in entrepreneurship, management, ownership, and leadership.”