The increase in the number of family business programs in the twenty years reflects a mix of various factors. Primarily the growing acknowledgment of family run businesses as players in the economy has fueled this trend. These enterprises often have dynamics that require specialized knowledge and skills. Furthermore planning for succession has become an issue leading to a need for targeted education on family governance and effective communication strategies.
Moreover with globalization reshaping business environments family businesses encounter numerous new challenges and opportunities. Therefore courses focusing on business and managing cross cultural interactions are crucial to equip leaders with the necessary skills to handle these intricacies effectively.
Additionally the rising interest within the community in researching family businesses has led to an increase in related programs. Scholars understand the importance of studying family owned firms both for advancing knowledge and offering practical insights into their management and functioning.
In summary the growth of family business programs is a trend driven by changes in the economic landscape specific requirements of family owned enterprises and academic exploration, into this field.