Why family-owned businesses?
There is no doubt that family-owned businesses account for a significant part of economic life in Germany, with the companies usually also having a positive impact on the region and in terms of their responsibility for the employees and their families. Family-owned businesses are often extremely successful, generally overcoming all kinds of challenges much better than businesses that are not family owned. However, to date there are very few scientific approaches for explaining how family-owned businesses work.
The idea behind the institute
Hamburg Institute of Family Owned Business (HIF) wants to make a contribution to carrying out necessary research in the field of family-owned businesses. The research findings are to help family-owned businesses in their strategic gearing and their day-to-day work, and also to serve as a basis for recommendations to legislators. In addition, HIF wants to create a platform where entrepreneurs and managers in family-owned businesses and advisors or other interested parties can make contact with each other and exchange information.
We are an interdisciplinary institute which scientifically explores the economic, business and legal aspects of family-owned businesses. The excellent scientific education of the staff as well as the strong integration in the network of the academic community guarantees academic work on the highest level. The practical experience of all participants gained through work in the industry and consultancy will be put in a context that creates value for the businesses. With the privately funded institute, we intend to prove that Hamburg is a city not only with a vibrant community, but a place of academic and scientific excellence.
Founders and sponsors
The institute is sponsored by Hamburg's Chamber of Commerce, Hamburgisches WeltWirtschaftsInstitut (HWWI), HSBA Hamburg School of Business Administration and the Verein zur Förderung des Hamburger Instituts für Familienunternehmen. In addition, well-known Hamburg-based companies such Peter Döhle Schiffahrts-KG, Esche Schümann Commichau, KPMG and Strunk Kolaschnik Sollors provide financial support and personnel resources to Hamburg Institute of Family Owned Business.