Crossroads Of Family Businesses In China Succession And Transformation


Crossroads Of Family Businesses In China Succession And Transformation
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Crossroads Of Family Businesses In China Succession And Transformation


Crossroads Of Family Businesses In China Succession And Transformation
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Author : Jean S K Lee
language : en
Publisher: World Scientific
Release Date : 2021-06-08

Crossroads Of Family Businesses In China Succession And Transformation written by Jean S K Lee and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-08 with Business & Economics categories.


Crossroads of Family Businesses in China: Succession and Transformation studies the intergenerational succession in family-owned businesses, specifically in the Chinese mainland. With the succession of family businesses over time, transformation is required as it needs to correspond to the world's development to successfully sustain the company. There is a multitude of factors that play their roles accordingly to perform a prosperous accession.Hence, this book highlights common issues such as the challenges for both succession and transformation of the company, the interest of the second generation, introducing the second generation to the business before fully passing on, family culture and morale, the distinction between wealth inheritance and business succession, the unorthodox tradition of mother-to-daughter succession and opening management to professionals. These topics are substantiated by case studies of Chinese family businesses, such as Neoglory Group, Midea, Red Collar, Fotile and even more. The book offers theories, practices and models for strategic transformations during succession.Readers will be able to enjoy insights into a critical evaluation of the intersection between succession and transformation. They will also discover how the different methods of succession utilized by real-life Chinese family-owned businesses affect the businesses' performance. This book will be their first step in constructing a thought on this topic, while indulging in an incredible learning experience.



Tradition And Transformation In A Chinese Family Business


Tradition And Transformation In A Chinese Family Business
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Author : Heung-Wah Wong
language : en
Publisher: Routledge
Release Date : 2019-12-05

Tradition And Transformation In A Chinese Family Business written by Heung-Wah Wong and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-05 with Business & Economics categories.


Family businesses have been an important part of the economy in Hong Kong, Taiwan, Singapore, and in the Chinese diaspora, and, since the reforms, in mainland China itself. Some people have argued that the success of Chinese family businesses occurs because of the special characteristics and approach of such businesses. This book examines the nature of Chinese family business and the key issues involved by exploring in detail the case of a leading Hong Kong jewellery company which was established in the early 1960s and which has grown to become one of the biggest jewellery manufacturers, exporters, and retailers in post-war Hong Kong. The book considers the motivations of Chinese people to set up their own businesses, outlining the strategies adopted, including the strategies for raising capital, and the qualities of successful Chinese entrepreneurs. It discusses the management of the company, including relations between family members, profit sharing and succession planning, and assesses how conflict and crises are coped with and overcome. It charts the evolution of the company, looking at how it has been transformed into a listed corporation. The book concludes by arguing for the importance of studying Chinese family businesses culturally.



Family Business In China Volume 2


Family Business In China Volume 2
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Author : Ling Chen
language : en
Publisher: Springer Nature
Release Date : 2021-09-04

Family Business In China Volume 2 written by Ling Chen and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-04 with Business & Economics categories.


Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume discusses the current status, upcoming challenges, and future prospects for family businesses in China. It explores unique organizational characteristics that are associated with Chinese family firms, such as being entrepreneurial, having concentrated power in the hands of the family business owners, and extensive family and semi-family involvement in the business. It also discusses shared features of strategic actions among Chinese family firms that include technology innovations, diversification, and internationalization, as well as the political connections that Chinese family firms often have. This book offers researchers a comprehensive overview of small family firms that are likely to be home-based microenterprises as well as large publicly traded business groups that are frequently owned by business families.



Succession And The Transfer Of Social Capital In Chinese Family Businesses


Succession And The Transfer Of Social Capital In Chinese Family Businesses
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Author : Xing Ke
language : en
Publisher: V&R unipress GmbH
Release Date : 2018

Succession And The Transfer Of Social Capital In Chinese Family Businesses written by Xing Ke and has been published by V&R unipress GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Capital categories.


This is the first systematic study of the succession process of Chinese family businesses which reveals what is truly happening during the time of hand-over. In explaining the features of the Chinese way of succession, special attention is paid to the transfer of social capital and guanxi, among other cultural and socioeconomic contexts, which could impact the behaviours and decisions of the family business stakeholders. Carefully selected 63 cases of family firms and the authentic words and experiences of the founders and their second generation are of high relevance in helping the readers to understand Chinese family businesses and their successions as well as to learn from their successes or failures.



Family Business In China Volume 2


Family Business In China Volume 2
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Author : Ling Chen
language : en
Publisher: Palgrave Macmillan
Release Date : 2022-09-19

Family Business In China Volume 2 written by Ling Chen and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-19 with Business & Economics categories.


Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume discusses the current status, upcoming challenges, and future prospects for family businesses in China. It explores unique organizational characteristics that are associated with Chinese family firms, such as being entrepreneurial, having concentrated power in the hands of the family business owners, and extensive family and semi-family involvement in the business. It also discusses shared features of strategic actions among Chinese family firms that include technology innovations, diversification, and internationalization, as well as the political connections that Chinese family firms often have. This book offers researchers a comprehensive overview of small family firms that are likely to be home-based microenterprises as well as large publicly traded business groups that are frequently owned by business families.



Family Business In China Volume 1


Family Business In China Volume 1
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Author : Ling Chen
language : en
Publisher: Springer Nature
Release Date : 2020-11-30

Family Business In China Volume 1 written by Ling Chen and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-30 with Business & Economics categories.


Unlike other economies, family businesses in China are greatly affected by the derived Confucian culture, excessive marketization, as well as the seemingly endless institutional supervision by a transitional Chinese government. China has a strong historical legacy, devoted to patriarchal values and strong family-centered traditions. This volume explores the social foundations and historical legacies of families, business families, and family businesses in China. It begins with an overview of a household, family, and clan in ancient China before an examination of the economic, social, and cultural functions that the family system served in Ancient China as well as the four unique features that distinguish the family system in ancient China from those in western societies. It later discusses the evolution of the family system and the rise of family business before the establishment of the People’s Republic of China in 1949. Finally, it evaluates the family system before and after the “Open-up and Reform” in 1978. This interdisciplinary work, incorporating sociological, anthropological, and institutional contexts pertaining to China, offers researchers the first advanced perspective of the development of family firms in China.



Innovation Growth And Succession In Asian Family Enterprises


Innovation Growth And Succession In Asian Family Enterprises
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Author : Hung-bin Ding
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-03-26

Innovation Growth And Succession In Asian Family Enterprises written by Hung-bin Ding and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-26 with Business & Economics categories.


The scope and depth of family business research have been quickly expanding in the last two decades. The editors and contributors to this book present eight recent studies examining the impact of external or internal family conditions on the innovation, growth, and succession of family firms in Asia.



Succession And The Transfer Of Social Capital In Chinese Family Businesses


Succession And The Transfer Of Social Capital In Chinese Family Businesses
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Author : Xing Ke
language : en
Publisher:
Release Date : 2018

Succession And The Transfer Of Social Capital In Chinese Family Businesses written by Xing Ke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.


This is the first systematic study of the succession process of Chinese family businesses which reveals what is truly happening during the time of hand-over. In explaining the features of the Chinese way of succession, special attention is paid to the transfer of social capital and guanxi, among other cultural and socioeconomic contexts, which could impact the behaviours and decisions of the family business stakeholders. Carefully selected 63 cases of family firms and the authentic words and experiences of the founders and their second generation are of high relevance in helping the readers to understand Chinese family businesses and their successions as well as to learn from their successes or failures.



Chinese Family Business And The Equal Inheritance System


Chinese Family Business And The Equal Inheritance System
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Author : Victor Zheng
language : en
Publisher: Routledge
Release Date : 2009-12-17

Chinese Family Business And The Equal Inheritance System written by Victor Zheng and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-17 with Business & Economics categories.


This book disputes the traditional argument that the equal inheritance system hinders the growth of Chinese family business, approaching this not only in terms of economic capital, but also in terms of human capital such as education and leadership, and social networks. Zheng argues that most of the family business patriarchs only focus on the passing on economic capital, but give little attention to human capital and social capital when the come to the stage to transfer control to the next level. It further elaborates that the equal inheritance system itself isn’t the destructive force that weakens family business competitiveness, but can assist economic development by generating dynamism and capital. Based on extensive primary research, the work discusses how equal division encourages sibling comparison, analysing how such comparisons initially generate stress and anxiety but will ultimately galvanize competition, benefiting the business. The author also assesses how family division can offer initial economic human and social capitals that can motivate siblings to start their own businesses and be free from the subjugation sometimes associated with a family firm. Through the evaluation of these issues the book argues that the equal inheritance system can be regarded as the origin of the self-employment mentality, which not only fosters the growth of Chinese family business by plays crucial role in promoting economic development. Providing a valuable contribution to the field, this work will be of great interest to all scholars of Chinese and Asian business.



The Dragon Network


The Dragon Network
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Author : A. B. Susanto
language : en
Publisher: John Wiley & Sons
Release Date : 2013-01-24

The Dragon Network written by A. B. Susanto and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-24 with Business & Economics categories.


What's driving the burgeoning global Chinese family businesses? Chinese family businesses are the driving force behind Asia's economic prosperity. As the world becomes more global they have had to adapt to the new environment. This timely book draws on an extensive regional survey to reveal the key players and the strategies that will drive their success going forward. The book discusses and analyzes the business life and achievements of some prominent overseas Chinese family businesses in Asia and reveals their life philosophies, their business journey, and their family role in business. Includes analysis regarding how the senior Chinese generations prepare their children to run the business in the future Reveals that flexibility, ability to adapt to changing business environments, and resilience contribute to the success of many overseas Chinese family businesses Offers illustrative examples of successful family businesses from Malaysia, Indonesia, The Philippines, and China Based in solid research and filled with illustrative examples, The Dragon Network offers an inside look at how family businesses succeed and thrive in Asia.