In this course, students will learn about family enterprises, ranging from entrepreneurial ventures to mature family offices, to better understand the driving force behind the world’s economy and society. Students will study macroeconomics, business trends, politics, culture, and family, to better understand 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 major players in the region and vibrant economies, innovative business environments, and consistent (positive) outliers on global "happiness" ratings. Unique regional issues include current challenges caused by immigration and BREXIT, strong governance, and economic transition from the Nordic model. Family enterprise issues include ownership, governance, family dynamics, and investing in a family office. English language fluency and relative openness and transparency about family and business provide view into personal experience and insights not available elsewhere.
Through site visits with family principals, business owners, and executives, 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 assess live situations to determine factors for success. 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 cross-cultural experiences as they happen. Each family has its own culture, and lives within a culture that impacts its businesses, investments, philanthropy, and overarching enterprise. This 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 2019-2020 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 round-trip 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 Managing Director, Global Family Enterprise 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 25 years.
Ms. Angus helps clients navigate some of life...