B-Schools Take on the Family Business

When second- and third-generation managers take over the family business, they often face more complex issues than their parents once did. Owners like these are now fueling a rising demand among business schools for programs that cater to their specific needs in areas such as succession planning, asset management and communication. Patricia Angus, a family wealth consultant who teaches the course on family enterprises at Columbia Business School, contributes to this article by Adam Rubenfire.