INSEAD the business school for the world

Selected Case

published: 28 Apr 2014

  • Topic: Family Business
  • Region: Global

Abstract:
Studying or practicing? Being an entrepreneur or a manager? Working for the family business or not? How much should business-owning families support their young? The Trusted Family case discusses some fundamental dilemmas of next-generation family business members. It follows two young family entrepreneurs who launch their own company, a social media platform for other family businesses, thus finding not only a new way of working with the family business, but also how to leverage it.

Pedagogical Objectives:
1) Discussing career options for next-generation members, understanding the value of making one's own choices, understanding one's own position in a family business. 2) Discussing the pros and cons of providing support to a business as a parent and of the intergenerational dialogue. 3) Demonstrating the stages of entrepreneurship from opportunity recognition to professionalization and the role of the entrepreneurial team.

Keywords:
Family Business, Startup, Career Planning, Next Generation, Social Media, Parent Generation, Entrepreneurial Teams, Professionalization

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