Thanks to the
studies by the American and European scholars and researchers
in recent three decades, family businesses are increasingly
receiving positive recognitions. Family businesses hold 60%
- 90% of the number of the companies in the world major countries
including Japan. They are carrying important roles in the
economy of each country. More than 80 American and European
universities have established Family Business Centers, actively
providing education to students, business people and specialists.
In America and Europe, several organizations including Family
Business Institute (FFI) have developed systematic studies
about how to advise family businesses. The necessities of
consulting and advising for family businesses are recognized,
and the methodologies are established.
The Japanese Academy of Family Business was established in
2008, and several graduate schools started family business
courses. Accordingly, Family businesses, once perceived as
a primitive form of business organizations and a background
of corporate misconducts, are now beginning to be regarded
as competitive and enduring form of businesses. However, although
Japan is said to be a great nation of old firms, we are left
behind other major countries in the field of consulting and
In the context of rapidly changing business environment,
due to declining birthrate and a growing proportion of elderly
people, many companies are still repeating the same mistakes
and failures, and facing fatal crisis.
FBAA will be a core of professionals who contribute to the
development of family business clients, with integrated methodologies
of latest studies and information on family businesses, including
Japanese studies of corporate longevity, American and European
studies of family businesses and consulting methods of FFI
(Family Firm Institute).