237: Trusts, Foundations, Offices, Think Tanks: How and Why Families Leverage Satellite Organizations (16761)

Saturday, August 10, 2024

08:00 – 10:30 CT (GMT-5/UTC-5)

Location: Hyatt: Acapulco

Session Number: 237
PDW (workshop)
Orientation: Theme
Shareable link: https://cdmcd.co/jPBL3D

Session Chair(s)

KR

Kathleen Randerson

Audencia Business School, France

Panelist(s)

MR

Marita Rautiainen

Lappeenranta-Lahti U. of Technology LUT, Finland
IB

Isabel C. Botero

U. of Louisville, United States
LN

Lucia Naldi

Jonkoping International Business School, Sweden
NM

Nava Michael-Tsabari

Tel Aviv U., Israel
SG

Sanjay Goel

U. of North Dakota, United States

Participant(s)

MN

Mattias Nordqvist

Stockholm School of Economics, Sweden

Session Chair(s)

EM

Esra Memili

U. of North Carolina, Greensboro, United States
CD

Clay Dibrell

U. of Mississippi, United States
AD

Allan Fernando Discua Cruz

Lancaster U. Management School, United Kingdom
MW

Matthias Waldkirch

EBS Business School, Germany

Panelist(s)

LM

Luca Manelli

Politecnico di Milano, Italy
AD

Alfredo De Massis

Free U. of Bolzano, IMD Business School and Lancaster U., Italy
RT

Reginald Tucker

U. of Oklahoma, United States
NK

Nadine Kammerlander

WHU Otto Beisheim School of Management, Germany

Our goal in this PDW is to offer a forum to flush out the (innovative) means that business families employ to influence the future (the family’s future, the businesses’ future, but also the future of society) through the creation or the adhesion to what we term satellite organizations such as foundations, trusts, think tanks, and family offices. Next to the traditional, positive, pro-social approaches, the Chairs are attentive to make space for critical approaches, the dark side, and the nefarious intentions or activities of families. The session is articulated around two key (interdependent) questions: “why” and “how”. “Why” involves the motivations behind implementing these mechanisms/organizations. “How” explains the different satellite organizations families can resort to achieve these ambitions. In order to support this, our PDW will be organized by themed tables articulated by relevant motivations (family legacy, family heritage, SEW, philanthropy, emotions, guilt, transgenerational entrepreneurship, venture capital, and policy influence/poverty, for example). Attendees will have the opportunity to participate in two tables during the session. This session will provide first an excellent opportunity for researchers to connect, and second to collectively present a landscape view of motivations and means, precious for connecting disparate streams of research and enlightening practitioners of family entrepreneurship desirable to innovate for a better future.