Ernesto Poza to receive Family Firm Institute International Award
The Family Firm Institute, an international body for family enterprise professionals, is awarding Thunderbird professor Ernesto Poza today with one of its highest honors, the International award. This award recognizes an individual or organization for outstanding achievement in furthering the understanding of family business issues which occur between two or more countries.
“Family businesses after all are the economic engines of the world,” said Mr. Poza. “They are responsible for approximately 80% of the GDP of the developed economies and more than 90% of the GDP of emerging economies. Recent worldwide research consistently shows that they financially outperform management-controlled firms handily (between 6.65 and 16% in return on assets) and are responsible for about 86% of all jobs created in the last decade.”
Mr. Poza is a clinical professor of entrepreneurship at the Thunderbird School of Global Management. He is an internationally recognized leader in family business education, research and consulting, and is the director of Thunderbird’s renowned Global Family Enterprise, a unique program within the Walker Center for Global Entrepreneurship at Thunderbird.
Mr. Poza’s areas of expertise include family business, strategic management, succession planning, business growth, governance, and global entrepreneurship. He has advised executive management of both Fortune 500 companies and privately held businesses in countries including Chile, Peru, Ecuador, Colombia, Venezuela, the Dominican Republic, Puerto Rico, Mexico, Guatemala, Honduras, Spain and the United States.
Mr. Poza is to receive the award Friday at a reception at the University Club in Chicago during the Family Firm Institute’s annual conference.
Founded in 1986 as a professional membership association, the Family Firm Institute (FFI) has grown to become the premiere international body for advising and research in the family business and family wealth fields. FFI’s founders - a group of pioneering professionals and family business executives - recognized the need for interdisciplinary collaboration in the family business field.