Department of Management and Commerce will be co-hosting International Conference on Family Business & Entrepreneurship (ICBFE) 2017 along with President University, Indonesia in Bali
LAST DATE FOR ONLINE SUBMISSION OF ABSTRACTS IS FEBRUARY 6, 2017
The global economic landscape is still recovering from the prolonged economic crisis which has significantly affected consumer’s buying power, hit commodity prices, as well as hampered growth in general. However, in the midst of the crisis, research has shown that family businesses remain a strong and resilient force which helps propel the economy. A Harvard Business Review article argued that family businesses tend to be more frugal and enter recessionary period with leaner cost structures.
According to McKinsey, in emerging economies, family businesses account for approximately 60 percent of the private-sector companies with revenues of $1 billion or more, compared to less than one-third of the companies in the S&P 500. However, the upward trend for family businesses as a significant part of their national economies in emerging markets remain strong, and will represent nearly 40 percent of the world’s largest companies in 2025, up from 15 percent in 2010, which shows the growing importance of understanding family business and its sustainability in the long run in the midst of the current global scenario.
In this regard, the International Conference on Family Business and Entrepreneurship (ICFBE) 2017 is being specifically held to be a leading international conference on family business and entrepreneurship in the region. The Conference will be championed by President University, a world-class higher education institution in Indonesia which was established to become a reputable research and development center in the region and to set a new benchmark in Indonesian higher education.