Teaching family business: The case for a paradigm shift in UK business schools

AbstractObjectives: This conceptual paper argues that a new paradigm is needed for UK Business Schools which embraces an oft neglected, yet economically vital, stakeholder group, namely family business.Prior Work: Builds on discussions in the extent literature about failures of Business Schools to address modern needs.Approach: A stakeholder approach, building on nominal stakeholder theory to justify a change to the teaching paradigm in business schools.Results: Not applicable.Implications: Business Schools in the UK need to begin to engage with family businesses through embracing the next generation from families in business. Policy needs to be developed that will support the next generation in a positive way by teaching about the family in business. Value: Stimulate discussion about key stakeholder and prompt review of neglect of this key area of business study in UK