The outcomes of research on innovation in family businesses debunk the myth that family businesses are not innovative. This is according to the research report by Prof. Dr. Roberto Flören, professor of family businesses at Nyenrode Business Universiteit, in collaboration with ING and NPM Capital. Family business owners are more supportive of innovation policy than owners of non-family businesses. At the same time, the study shows that when more financial resources are available, nearly one-third of family businesses will be more innovative. Family businesses are therefore on par with other types of businesses when it comes to innovation.
This October, we were given the opportunity to represent Nyenrode Business Universiteit at the Youth Day of the 3rd St. Petersburg International Gas Forum. The Youth Day was set in St. Petersburg’s Expoforum and featured a three-day program that was highlighted by a one-day case competition. During the event, we surged into a deep dive in the global natural gas industry.
On October 20th, students from Nyenrode Business Universiteit marked the university’s arrival in Amsterdam by sounding the gong to open the trading day at the AEX. They were accompanied by Jessica Peters-Hondelink, location director of Nyenrode Amsterdam.
On Saturday, October 7th, 2017, Nyenrode Fund (Stichting Nyenrode Fonds or SNF) held its annual Thank The Donor Day. The fund organizes this event each year to pay tribute to its donors. Nine students also received the checks for their scholarships, awarded in celebratory fashion by representatives of the donors who made the scholarships possible.
Digital transformation, spearheaded by technologies such as Artificial Intelligence, robotics, biotechnology and the Internet of Things, is likely to push societies towards economic and political instability. With most economic structures relying almost entirely on employment – and on employees spending their wages – mass redundancy caused by ever-more efficient tech taking on human roles could throw the system into chaos and significantly widen the gap between the rich and the poor. As politicians scramble to resolve these issues, the resulting decline in taxes and business subsidies is likely to make governing problematic.
The world’s largest companies are pushing a digital technology agenda that is changing the way the rest of the world works. Over $ 1.7 trillion in market capitalization resides in just four digital business masters: Apple, Google, Amazon and Facebook. It seems companies have no choice but to innovate if they want to compete and succeed and stay on the cutting edge of technology.
How do you keep reflecting in an ever-accelerating society? Robotization and digitization have become commonplace. Especially now, it is important to give direction to the increased volatility, uncertainty, complexity and ambiguity in our lives. This is the message of Sharda Nandram, Associate Professor at the Center for Entrepreneurship & Stewardship at Nyenrode Business Universiteit. She has published three books on this subject.