Michael N. McGrann Named Director of Family Business and Entrepreneurship Initiative
Tuesday, September 11, 2012
by Olivia D'Atri '14
PHILADELPHIA (September 11, 2012) - Michael N. McGrann, former executive director of the Center for Family Business at Elizabethtown College, has been named director of Saint Joseph’s University’s new Family Business and Entrepreneurship Initiative.
Family business and entrepreneurship, which was originally offered as a track within the management department, became a major/minor program in Fall 2011. The program filled a need at the University, with a larger number of students coming from family-owned businesses and enterprises. The family business and entrepreneurship program gives students the tools and knowledge regarding finance, business plans, new product development, and entrepreneurial law and negotiations, which allows students to go back to their communities and shape their family businesses into a strong economic force.
The new initiative will be aimed at industry – creating a membership-based community of entrepreneurial family businesses who are committed to family unity and long term competitiveness.
“With the success of the family business and entrepreneurship program, we want to extend our reach beyond the students to the community,” says DiAngelo. “Mike McGrann is the best man for that. We’re excited to offer an initiative that integrates students and professionals that will benefit both the University and the thriving family businesses of the Philadelphia region.”
McGrann’s goal over the next year is to introduce a membership program which will offer a unique array of benefits to individuals, such as the opportunity to exchange ideas with esteemed business owners and professionals, as well as attend a series of breakfast seminars that will cover strategies for success, new venture creation, best practices and capabilities of the next generation. He will also teach courses on family enterprising and entrepreneurship at the undergraduate and graduate level.
"Within a few years, Saint Joseph’s aspires to be recognized as the premier resource for family business and entrepreneurship professionals along the East coast," says McGrann.
McGrann worked at Elizabethtown College’s center from 2009 to 2011. Prior to that he was both an adjunct professor and assistant director at the Institute for Family Enterprising at Babson College.
In addition to being named director of the initiative at Saint Joseph’s, McGrann is founder and managing director/principal of the TELOS Group, a consulting firm that focuses on leadership training and the development and implementation of strategies for family enterprises worldwide. He has led numerous seminars and educational workshops, which, like his consulting services, are provided in both Spanish and English for competitive and diverse family firms and enterprises.
McGrann holds a B.A. in economics from Cornell University, an MBA in marketing and operations management from the Wharton School, and an M.A. in international studies from the University of Pennsylvania.