GLOBALLY COMPETITIVE FAMILY BUSINESS STRATEGIES: EPTA FINANCES A NEW PERMANENT CHAIR AT BOCCONI UNIVERSITY

<p>The Epta Group, already a donor to the “Luigi Bocconi” University of Milan, is now one of the main financers of the new AldAF-EY Chair in Family Business Strategies, in memory of the great Italian entrepreneur, Alberto Falck.</p>
<p>Presented on March 4th by Prof. Guido Corbetta, this new Chair has  evolved from the existing temporary position, established with a contributions from the AldAF (Italian Association of Family Businesses) in 2004 to support detailed studies in topics related to family businesses, a growing area which increased its share in the Fortune Global 500 from 15% in 2005 to the current 19%. Based on an analysis by the Department of Management and Technology family businesses are in a position to pursue important basic choices, and can guarantee continuity and stability in an economic situation that, despite the hard times, has the potential through courage and determination to see future growth.</p>
<p>There are two significant changes: on the one hand, thanks to the Donor company, the AldAF Chair becomes permanent and is the first course dedicated to preparing young men and women to make family businesses competitive in world markets. On the other, thanks to a contribution from the EY “Global Family Business Centre of Excellence” – <em>a world network for professional account auditing and organization, tax, transaction and advisory services</em> – the Chair can function internationally, offering concrete support to the various needs of Family Businesses.</p>
<p>The EPTA Group, a backer of this project, represents a concrete example of an excellent family business which succeeded in consolidating its position in the market by the combination of international growth through acquisition of important foreign brands, and continuous investment in both process and product innovation, demonstrating its effectiveness and strength over the years.</p>