AUC School of Business Joins the Family Firm Institute
Within the School of Business commitment to supporting Family Business, the School is proud to join the Family Firm Institute (FFI) - the oldest and most prestigious multidisciplinary professional association for family enterprise in the world.
Established in 1986, the Family Firm Institute (FFI) is an international association for professionals serving the family enterprise field. FFI provides a global forum for practitioners and academics to acquire interdisciplinary knowledge while engaging in collaborative opportunities that facilitate their professional and business development objectives.
“Family firms are an important sector that have very specific educational and capacity building needs which we are very committed to supporting. In our role as a hub of knowledge on the region the School also sees a vast opportunity for documentation of family business practices and developing research on the different aspects and concerts of this very interesting sector.” Karim Seghir, Dean School of Business
Family-owned businesses are a driving force for development in the Arab region account for around 40% of the region’s non-oil GDP and 50% of private-sector employment, as well as representing more than 80% of total companies in the region. Roughly 5,000 medium to large family firms exist in the Middle East, with net assets totaling USD600 billion.
Given the vital position of family business both in Egypt as well as the region at large, the AUC School of Business is committed to supporting family businesses education the School is committed to the development of high-quality case studies, introduction of leading-edge and practice-oriented academic and Executive Education program offerings on the subject, as well as collaboration with regional and international institutes in joint research on family business continuity and concerns.