Babson College Names Angela Randolph to Lead Family Entrepreneurship Institute

Babson College has named Angela Randolph faculty director of the Bertarelli Institute for Family Entrepreneurship, placing a senior faculty member at the head of one of the school's signature centers for enterprise-owning families.

The appointment puts Randolph in charge of an institute dedicated to family entrepreneurship, a field Babson has built a reputation around as the institution long ranked first in entrepreneurship education. The Bertarelli Institute focuses on the dynamics of businesses owned and run across generations of the same family.

For Randolph, the role signals institutional recognition of her standing within the faculty. Faculty directorships at Babson's institutes typically carry responsibility for research agendas, programming and engagement with the business families the institutes serve.

The Bertarelli Institute carries the name of the Bertarelli family, whose backing helped establish the center. Its mandate sits at the intersection of two disciplines Babson emphasizes: entrepreneurship and the governance of enterprises passed between family members.

Family-owned businesses remain a dominant form of enterprise worldwide, and business schools have expanded their offerings in the field as founders confront succession, ownership transfer and generational change. Babson's move to install a named faculty director positions the college to sharpen its focus on that audience.

The college has not yet publicly detailed Randolph's specific plans for the institute. Her appointment suggests continuity in programming aimed at students from family-business backgrounds and at the networks of founders and successors the school cultivates.