2025 Italy Trek Informational Session
Online Event
Registration
Details
Date: Wednesday, December 4th
Time: 4:30 - 5:30 pm
Why Family Business?
Family-owned businesses dominate the economic landscape in the United States, are critically important drivers of the economy and, by most estimates, make up 70-90% of all businesses globally. These organizations span the economic spectrum from start-up to the largest and often oldest businesses in the world. Given the statistics, regardless of your background or career trajectory, it's not a question of if you will work with a family enterprise but when and in what capacity. Educating our students about the unique advantages and challenges faced by family firms provides a fundamental knowledge base and is one of the many distinctive ways Cornell prepares graduates for successful futures.
Why Italy?
In Italy there are estimated to be around 784,000 family businesses – more than 85% of the total number of businesses – constituting around 70% of all employment. Italian family businesses are also set apart by their longevity: of the world's 100 oldest businesses, 15 are Italian and, of these, 5 – Fonderie Pontificie Marinelli (founded in 1000), Barone Ricasoli (1141), Barovier & Toso (1295), Torrini (1369) and Marchesi Antinori (1385) – are among the top ten oldest family businesses still active today. Source: http://www.aidaf.it/en/aidaf-3/1650-2/.
We look forward to seeing you on Thursday, December 7th.