Strong Tradition of Family Businesses in Nebraska
Family businesses serve as a vital engine of economic growth and a significant segment of the Nebraskan, U.S. and global economy. Worldwide, 80% of firms are classified as family businesses. Recent studies show family enterprises are, on average, more profitable, more socially responsible, and survive longer than non-family businesses. However, managing a family firm can be particularly challenging. Owners and managers often need education, advice and support to deal with issues unique to family enterprises, such as succession and governance. Yet, family firms are often overlooked in business school curricula.
Nebraska Family Business aims to develop educational resources to support students, faculty, alumni and other stakeholder groups who are members of family businesses (or will be), or who have an interest in promoting and advising family firms (e.g., consultants, lawyers, investors, government). Classes, programs and events promote family businesses and their extraordinary contribution to the economy of Nebraska and beyond. Our region's long tradition of thriving family farm enterprises is just one part of that contribution.