UNIVERSITY IMPLEMENTS THE BUSINESS FAMILIES CHAIR

THE INITIATIVE WILL SUPPORT, FROM THE ACADEMIC ACTIVITY OF THE DEPARTMENT OF ECONOMICS AND BUSINESS (FEN), THE SUCCESSION OF OLD FAMILY BUSINESSES.



November 17, 2016

Our university will contribute so that the region can preserve the cultural heritage of the business families who have been part of the progress of this part of the territory, and for that purpose it signed an agreement with the Business Families of Chile Foundation.  
 
The agreement will enable the establishment of the Business Families Chair to create a place for academic reflection on issues related to the family companies where useful knowledge will be generated in order to improve their management.
 
Regional businessmen, university authorities, academics and undergraduate and graduate students attended the signing of this agreement, held at the auditorium of the Department of Economics and Business (NPS).
 
President Alvaro Rojas stated that the University is an institution that belongs to its community, which possesses a great niche of family businesses of different sizes that, according to reality, do not always last long, because the lack of leadership in the third generation.
 
 
"Through this agreement, we want to make information, experience and the progress of knowledge flow, so that this institution, which is the Business Families of Chile Foundation, has long-term viability and can collaborate with this regional business community. We want to help keep this heritage of the region ", said Alvaro Rojas.
 
In Chile, of total family businesses, more than 50% come from the Trade, Tourism and Forest and Agriculture sectors, followed by real estate and construction, and then manufacturing and transport. Many of these family businesses do not last long, because of management problems or conflicts between the three factors of companies of this type that encompasses the business, ownership and family.
 
Andrés Vial, president of the Business Families of Chile Foundation, reveled the importance of this type of companies in the speech entitled "Legacy: How to Survive the Succession" where he showed the perspective of the organization concerning the failure of the family trade initiatives that, according to the figures, are not as effective and efficient as they should.
 
 
"The main problem with the succession of businesses is that, quite often, the relatives who, by inheritance or by any other factor, take charge of these are not prepared to manage, either affectively or professionally, so that a company that emerged with a lot of effort and little studies dies quickly," stated Vial.
 
In face of this reality, he said that "universities are fundamental in the promotion, support and the dissemination, from an academic point of view, about what business families can make and the importance of understanding them, collaborating from key points with knowledge, many times theoretical, so that the efforts of the founders endure with success over time."
 
Our Institution is the third university in imparting this chair. In this regard, the dean of the Department of Economics and Business (NPS), Arcadio Cerda, said that "this work that begins today comes to complement the various activities of company-university links, with academic initiatives in the area of family businesses."
 
In the formal and undergraduate field, the University conducted a management course of family businesses as an elective module in the Business Administration Program for 4th and 5th year students. This activity will be carried out by the Department of Economics and Business (FEN) in their academic aspects; however, the FEC will lend its support to contact businessmen guests with experience in the area.
 
For the assisting entrepreneurs, the initiative is very innovative in the region, as expressed by Jorge Balduzzi, owner of the Balduzzi winery. "It is very important for the Department to integrate this chair of family businesses, because most of the industries that exist in our country, and obviously also in the region, are of family nature. It is therefore a projection, and it demonstrates an advancement and an interest by the University in helping, not only the regional community, but also the national one when implementing this important chair", he said.



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