Tucker Receives FOBI Grant
March 11, 2020
LSU Stephenson Department of Entrepreneurship & Information Systems' Assistant Professor Reg Tucker has been awarded a grant from the Family Owned Business Institute at Grand Valley State University. Dedicated to supporting and strengthening family firms, the Family Owned Business Institute's goal is "to champion and serve family-owned businesses through scholarship, education and advocacy."
Tucker's work, in collaboration with Assistant Professor Ji Qi of Grand Valley State University, contributes to these firms by examining when and how faith, religion, and spirituality serve as incentives for family business practices and performance. Understanding family firms with research that can support and guide family business leaders as they make numerous decisions and take actions to ensure success in the short- and long-term is vital.
Family enterprises are the primary drivers of the economy. In the United States, there are over 5.5 million family businesses in which are said to contribute 57 percent of the nation's gross domestic product while employing 63 percent of the nation's workforce. Universally, family firms tend to outperform those that are non-family centric. Beyond these valued financial contributions, family firms boast distinct, competitive values that result in more than just profits, through engaging in important philanthropy in their communities. In Louisiana, this is no different from family firms making up a significant portion of the economy as they inspire trust among their customers and demonstrate a commitment to their communities.
The creation of the Family Owned Business Institute at Grand Valley State University is born out of the collective belief that family businesses (large and small) are the cornerstone of a community's prosperity and a vital ingredient in its quality of life. Tucker's recognition of this grant communicates his dedication to supporting and strengthening family-owned businesses throughout Louisiana.
About the Stephenson Department of Entrepreneurship and Information Systems
The Stephenson Department of Entrepreneurship and Information Systems at LSU’s E. J. Ourso College of Business combines teaching and research to create a rich learning experience for its students. Relationships with industry and state agencies enable the department to assist organizations with issues related to entrepreneurship, information systems, analytics and business intelligence, as well as innovation and technological change and offer enhanced career opportunities for its graduates. Collaborative research efforts of its diverse faculty have resulted in major grants from the National Science Foundation and the state of Louisiana. For more information, visit the SDEIS website.