This course provides an opportunity to learn about family enterprises, the predominant form of business worldwide, through theory and practice that goes far beyond a typical class experience. Students will delve into issues of macroeconomics, business trends, politics, culture, and family, to better understand the driving forces behind family enterprise in general, and specifically in the Nordic region. After a series of classroom sessions in NYC, students will travel to Denmark and Sweden, countries that are not only major players in the region but also vibrant economies, innovative business environments, and consistent (positive) outliers on global "happiness" ratings. Other unique regional issues include current challenges caused by immigration and BREXIT, as well as economic transition from the Nordic model and strong governance. Finally, English language fluency and relative openness and transparency about family and business provide an open window into personal experience and insights not always available elsewhere.
Through site visits with family business owners, managers, and family members, students will have a chance to ask questions and compare notes on doing business, and being family, in another part of the world. Students will also participate in group projects that will involve assessing live situations and reporting their observations and advice while in country. There is no better way to learn about family enterprise than on the ground - in the family's environment - assessing challenges ranging from family dynamics to tax and political constraints and industry issues. The trip will also provide an opportunity for students to travel with their peers and exchange ideas about the cross-cultural experience as it is happening. Each family has its own culture, and lives within a culture that impacts its businesses, investments, philanthropy, and overarching enterprise. This cross-cultural learning experience will help students re-consider their perspectives upon returning home, and better understand family enterprise in all its complexities.
About the Global Immersion Program
Global Immersion Program classes bridge classroom lessons and business practices in another country. These three credit classes meet for half a term in New York prior to a one week visit to the country of focus where students will meet with business executives and government officials while working on team projects. Upon return from the travel portion of the class, students may have one wrap up meeting at Columbia Business School. The 2017-2018 Global Immersion Program fee for most classes is $1850 and provides students with double occupancy lodging, ground transportation and some meals; unless an increased fee is otherwise specified in the course description. It does not cover roundtrip international airfare. Attendance both in New York and in-country and regular participation are a crucial part of the learning experience and as such attendance is mandatory. Students who miss the first class meeting may be removed from the course. No program fee refunds will be given after the add/drop period has closed. Please visit the Chazen Institute website to learn more about the Global Immersion Program, and visit the Global Immersion Policies page to review policies affecting these courses.
Patricia Angus, JD, MIA, TEP, is Founder and CEO of Angus Advisory Group LLC, an Adjunct Professor at Columbia University, and Director, Family Business Program. A recognized thought leader in multi-generational family governance and wealth, she has advised families with businesses, trusts, and charitable foundations for more than two decades.
Ms. Angus helps clients navigate some of life's most...