Family Businesses in the Emerging Markets: Opportunities and Understanding
By most accounts we estimate that family businesses constitute 80-90% of all enterprises in the U.S., in the emerging markets, however, those numbers climb as high as 98%. As awareness of the importance of family business in the emerging markets continues to grow, so does the research and need to understand more; 58% of small to medium enterprises (SMEs) are looking to emerging markets to sell their goods, 11% to manufacture for them and 12% to purchase from them. (Tharawat Magazine 2014). Join scholars Lourdes Casanova and Wesley Sine from Cornell University and the Executive Director of the Smith Family Business Initiative (SFBI) at Cornell University for a discussion surrounding the opportunities that exist as well as current research being conducted. The Smith Family Business Initiative at Cornell is dedicated to supporting and strengthening the network of businesses that are family and privately owned. Founded in 2014 from a generous gift from John and Dyan Smith, the Smith Family Business Initiative provides education, networking and research for family business owners, successors and students from across the globe.
About the Presenters
Zhou Li-Assistant Dean at CKGSB
Zhou Li joined CKGSB in July 2010 as an Assistant Dean. He is responsible for the school’s global programs and operations. He is also in charge of more than 10 research centers, including the Humanities and Business Ethics Center, China and the World Economic Center as well as the school’s Knowledge Center and Case Center. He serves as the Chief Editor for CKGSB Knowledge, the school’s English-language China business magazine. At CKGSB, Mr. Zhou has built and led a multicultural team that includes former executives of leading business schools in Asia, the US and Europe. He has initiated and participated in CKGSB’s collaboration with leading global educational institutions, such as Harvard Kennedy School and Johnson School at Cornell University. Prior to joining CKGSB, Mr. Zhou worked in the corporate world for more than 20 years at various positions, including CEO, in telecom, IT, investment and consulting companies in Canada, Hong Kong and mainland China. Mr. Zhou received his Bachelor’s Degree in Economics at Renmin University in China and his MBA degree at McGill University in Canada.
Wesley David Sine-Faculty Director, Entrepreneurship And Innovation Institute, Professor Of Management And Organizations
Professor Sine's research focuses on the emergence of new economic sectors and entrepreneurship. His research context includes the United States, Latin America, and the Middle East. He explores issues related to institutional change, industry and technology evolution, technology entrepreneurship, and new venture structure and strategy. He has examined a diverse set of economic sectors ranging from the electric power industry to the emergence of the Internet. Teaching interests include entrepreneurship, commercializing university technology, new venture growth, the management of technology and innovation, and organizational change. He has consulted and taught executives in Latin America, Asia, and the Middle East. Sine has published, provisionally accepted, or papers forthcoming in the following journals: Administrative Science Quarterly, Academy of Management Journal, Management Science, Organization Science, Strategic Management Journal, and Research Policy. Sine is currently a senior editor at Organization Science and is the book review editor at Administrative Science Quarterly.
Daniel Van Der Vliet-The John and Dyan Smith Executive Director of Family Business, Smith Family Business Initiative at Cornell University
Daniel G. Van Der Vliet is Executive Director of the Smith Family Business Initiative at Cornell University. Launched in 2014 and housed on the S. C. Johnson Graduate School of Management, the Smith Family Business Initiative at Cornell is developing programs, courses and content for students, business owners and next-generation thinkers in today’s global economy. As director of the Family Business Initiative @ UVM (University of Vermont) from 2003-2014, Mr. Van Der Vliet worked with owners and their successors to find solutions that work for both family and business. He developed and taught Leading and Managing the Family and Closely Held Business, a course at UVM from 2004 - 2013. Previously, as founding Director of the Vermont Business Center from 2004-2008, Mr. Van Der Vliet oversaw the launch and growth of the executive education curriculum and management development seminars at UVM.