Baylor Institute for Family Business Designated Regional Coordinator for STEP ProjectOct. 1, 2011
Baylor University has long been known for excellent education and high impact research in family business and has for many years been involved in annual conferences such as the United States Association for Small Business and Entrepreneurship (USASBE), the Family Firm Institute (FFI), the Academy of Management (AOM), and the Family Enterprise Research Council (FERC) to raise the visibility of family business as an important area of entrepreneurship research. Additionally, Baylor is home to one of the leading journals of entrepreneurship: Entrepreneurship Theory and Practice - known as a leading source for family business research.
The Institute for Family Business, within the Hankamer School of Business at Baylor University, has been designated as a Regional Coordinator for the North American Affiliate Board of the Babson College STEP program. The global STEP team launched in 2005 to begin data collection in Europe. Currently, the program operates in Europe, Asia, and Latin America, coordinating a comprehensive research initiative to gain insight into the Successful Transgenerational Entrepreneurship Practices (STEP) of family owned businesses that have survived and thrived through multiple succession events.
The research program is designed to investigate the phenomenon of corporate entrepreneurship in the context of the family form of business organization. The STEP research profile blends qualitative and quantitative research methodologies, a leading-edge research technique called for by the Academy of Management, to maximize scholarly rigor with practical relevance.
Baylor will be a partner affiliate and will coordinate the efforts of scholars from other universities within our region. Fellow affiliates who will also act as regional coordinators include Northwestern, Oregon State, Syracuse and Thunderbird. "Baylor is proud to be one of only ten institutions to sit on the affiliate board, further acknowledgment of Baylor's increasing recognition within the Academy," said Bill Worthington, Ph.D., Assistant Professor of Strategy and Family Business.