University of Vermont School of Business Administration to Host First-Ever Global Family Enterprise Case Competition
- By Elizabeth Parent
Burlington, Vermont, a city nestled between picturesque Lake Champlain and the iconic Green Mountains, will soon become a global hub for family business education when the University of Vermont hosts the first ever Global Family Enterprise Case Competition (FECC) January 9-13, 2013.
Family-controlled enterprises serve as the economic engine of society, creating an estimated 70-90% of the global Gross Domestic Product (GDP), according to the Family Firm Institute. Despite that figure, education about family enterprises has been slow to develop until now.
“While family enterprises dominate the economic landscape and are the biggest contributors to job creation and communities, there was no case competition in the world that exclusively focused on family enterprises,” said Dr. Pramodita Sharma, of the University of Vermont School of Business Administration. “We are thrilled to launch this competition in January 2013. While preparations are already in full swing for this event, teams are already signing up for the 2014 FECC to ensure a spot for their institution.”
The FECC will match undergraduate and masters students enrolled in universities and colleges with the world’s finest family business programs. Sixteen teams from around the world will participate in this annual event. The teams are:
· Universidad de San Andres, Argentina
· Universidad de Chile, Chile
· Universidad de los Andes, Colombia
· Universidad Panamericana, Mexico
· Esade Business School, Spain
· Jönköping International Business School, Sweden
· Windesheim University of Applied Sciences, Netherlands
· Universiti Tun Abdul Razak, Malaysia
· Concordia University (John Molson School of Business), Canada
· Wilfrid Laurier University, Canada
· Grand Valley State University, Michigan, USA
· Kennesaw State University, Georgia, USA
· Stetson University, Florida, USA
· Syracuse University, Florida, USA
· University of Vermont, Vermont, USA
“Hosting the FECC is a great way to help raise awareness about the commitment the School of Business Administration has made to family business and entrepreneurship,” said Dean Sanjay Sharma, of the School of Business Administration. “The School has recently updated and enhanced its undergraduate curriculum with a distinctive focus on three strategic themes: entrepreneurship, sustainable business, and global business. This competition is a critical experiential learning element for our students and for the schools and universities who participate.”
The FECC is an annual event that will showcase exceptional case writing skills as well as case analysis and presentations. Cases used in the FECC are being generated by the UVM Family Enterprise Case Competition. The winners of each selected case will receive $2000. Competing teams will be split into divisions. Winners of each division will receive $1000, while the overall FECC winning team will receive the Family Enterprise Cup, $2500, and bragging rights for being the first winning team of the inaugural Family Enterprise Case Competition.
Registration for the 2013 competition is now closed. Any colleges or universities interested in the 2014 competition should send an email to FECC@uvm.edu or call (802) 656-5897.
The University of Vermont School of Business Administration, an AACSB-accredited school, educates responsible managers for success in complex, global, multi-stakeholder and sustainable environments.