Crossroads Of Family Businesses In China Succession And Transformation

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Crossroads Of Family Businesses In China: Succession And Transformation

Jean S K Lee,Anthea Yan Zhang
Crossroads Of Family Businesses In China Succession And Transformation Book PDF

Author : Jean S K Lee,Anthea Yan Zhang
Publisher : World Scientific
Page : 375 pages
File Size : 45,5 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9789811229428

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Crossroads Of Family Businesses In China: Succession And Transformation by Jean S K Lee,Anthea Yan Zhang Pdf

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

Heung-Wah Wong,Karin Ling-fung Chau
Tradition and Transformation in a Chinese Family Business Book PDF

Author : Heung-Wah Wong,Karin Ling-fung Chau
Publisher : Routledge
Page : 237 pages
File Size : 43,7 Mb
Release : 2019-12-05
Category : Business & Economics
ISBN : 9781317427636

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Tradition and Transformation in a Chinese Family Business by Heung-Wah Wong,Karin Ling-fung Chau Pdf

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

Ling Chen,Jian An Zhu,Hanqing Fang
Family Business in China Volume 2 Book PDF

Author : Ling Chen,Jian An Zhu,Hanqing Fang
Publisher : Springer Nature
Page : 179 pages
File Size : 47,6 Mb
Release : 2021-09-04
Category : Business & Economics
ISBN : 9783030514020

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Family Business in China, Volume 2 by Ling Chen,Jian An Zhu,Hanqing Fang Pdf

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

Xing Ke
Succession and the Transfer of Social Capital in Chinese Family Businesses Book PDF

Author : Xing Ke
Publisher : V&R unipress GmbH
Page : 249 pages
File Size : 54,5 Mb
Release : 2018
Category : Capital
ISBN : 9783847108924

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Succession and the Transfer of Social Capital in Chinese Family Businesses by Xing Ke Pdf

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

Ling Chen,Jian An Zhu,Hanqing Fang
Family Business in China Volume 2 Book PDF

Author : Ling Chen,Jian An Zhu,Hanqing Fang
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 54,6 Mb
Release : 2022-09-19
Category : Business & Economics
ISBN : 3030514048

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Family Business in China, Volume 2 by Ling Chen,Jian An Zhu,Hanqing Fang Pdf

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.

Innovation, Growth, and Succession in Asian Family Enterprises

Hung-bin Ding,Hsi-Mei Chung,Andy Yu,Phillip H. Phan
Innovation Growth and Succession in Asian Family Enterprises Book PDF

Author : Hung-bin Ding,Hsi-Mei Chung,Andy Yu,Phillip H. Phan
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 45,7 Mb
Release : 2021-03-26
Category : Business & Economics
ISBN : 9781839104336

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Innovation, Growth, and Succession in Asian Family Enterprises by Hung-bin Ding,Hsi-Mei Chung,Andy Yu,Phillip H. Phan Pdf

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.

Family Business in China, Volume 1

Ling Chen,Jian An Zhu,Hanqing Fang
Family Business in China Volume 1 Book PDF

Author : Ling Chen,Jian An Zhu,Hanqing Fang
Publisher : Springer Nature
Page : 182 pages
File Size : 55,7 Mb
Release : 2020-11-30
Category : Business & Economics
ISBN : 9783030513955

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Family Business in China, Volume 1 by Ling Chen,Jian An Zhu,Hanqing Fang Pdf

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.

Chinese Family Business and the Equal Inheritance System

Victor Zheng
Chinese Family Business and the Equal Inheritance System Book PDF

Author : Victor Zheng
Publisher : Routledge
Page : 224 pages
File Size : 46,9 Mb
Release : 2009-12-17
Category : Business & Economics
ISBN : 9781135172145

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Chinese Family Business and the Equal Inheritance System by Victor Zheng Pdf

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.

Succession and the Transfer of Social Capital in Chinese Family Businesses

Xing Ke
Succession and the Transfer of Social Capital in Chinese Family Businesses Book PDF

Author : Xing Ke
Publisher : Unknown
Page : 128 pages
File Size : 49,9 Mb
Release : 2018
Category : Electronic
ISBN : 3737008922

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Succession and the Transfer of Social Capital in Chinese Family Businesses by Xing Ke Pdf

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.

Women in Family Business

Mary Barrett,Jolien Huysbrechts,Jean S.K. Lee
Women in Family Business Book PDF

Author : Mary Barrett,Jolien Huysbrechts,Jean S.K. Lee
Publisher : Edward Elgar Publishing
Page : 317 pages
File Size : 45,8 Mb
Release : 2024-02-12
Category : Business & Economics
ISBN : 9781802206364

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Women in Family Business by Mary Barrett,Jolien Huysbrechts,Jean S.K. Lee Pdf

This forward-thinking book provides an invaluable contribution to the burgeoning field of research on women in family business. Combining academic rigour with first-hand narrative accounts, Women in Family Business explores classic family business concerns while considering how gender, feminism and cultural differences play a part in these organizations.

Asian Family Businesses

Annie Koh,Jean Lee
Asian Family Businesses Book PDF

Author : Annie Koh,Jean Lee
Publisher : World Scientific Publishing Company
Page : 0 pages
File Size : 52,5 Mb
Release : 2020-12
Category : Business & Economics
ISBN : 9811228612

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Asian Family Businesses by Annie Koh,Jean Lee Pdf

The global economy is predominantly driven by family businesses that provide the largest source of long-term employment in most countries. In the Asian region, family members amongst the 60% of large corporations own a significant share of the equity and can influence key decisions. This phenomenon sets the family enterprises with various challenges and opportunities as any other non-family run enterprises but in a more complex dimension. This book presents a collection of cases that addresses three key challenges faced in many of the family enterprises in Asia; Succession, Governance and Innovation. The narration of the cases also offers reader tips about good practices among the Asian families such as effective family governance mechanism, development of innovation and entrepreneurial mindsets across generations, importance of family culture. This case book is essential reading for anyone interested in addressing the needs of business families in the region.

China

Gungwu Wang,Yongnian Zheng
China Book PDF

Author : Gungwu Wang,Yongnian Zheng
Publisher : World Scientific
Page : 556 pages
File Size : 52,8 Mb
Release : 2013
Category : Business & Economics
ISBN : 9789814425834

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China by Gungwu Wang,Yongnian Zheng Pdf

China has achieved significant socio-economic progress and has become a key player on the international stage after several decades of open-door and reform policy. Looking beyond China's transformation, this book focusses on the theme of governance which is widely regarded as the next most critical element to ensure that China's growth remains sustainable.Today, China is confronted with a host of pressing challenges that call for urgent attention. These include the need to rebalance and restructure the economy, the widening income gaps, the poor integration of migrant populations in the urban areas, insufficient public housing and healthcare coverage, the seeming lack of political reforms and the degree of environmental degradation. In the foreign policy arena, China is likewise under pressure to do more to address global concerns while not appearing to be overly aggressive. The next steps that China takes would have a great deal to do with governance, in terms of how it tackles or fails to address the myriad of challenges, both domestic and foreign.China: Development and Governance, with 57 short chapters in total, is based on up-to-date scholarly research written in a readable and concise style. Besides China's domestic developments, it also covers China's external relations with the United States, Japan, Korea and Taiwan. Non-specialists, in particular, should find this volume accessible and useful in keeping up with fast-changing developments in East Asia.

Family Businesses in Transition Economies

Léo-Paul Dana,Veland Ramadani
Family Businesses in Transition Economies Book PDF

Author : Léo-Paul Dana,Veland Ramadani
Publisher : Springer
Page : 349 pages
File Size : 51,9 Mb
Release : 2015-03-25
Category : Business & Economics
ISBN : 9783319142098

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Family Businesses in Transition Economies by Léo-Paul Dana,Veland Ramadani Pdf

​This book presents the reader a comprehensive understanding of the development of family business in transitional economies. Throughout eastern Europe, post-Communist countries transitioning to market-based economies are obtaining a variety of results due to diverse policy approaches. Expert contributions in this book draw from a wealth of information in this context and include thought-provoking policy prescriptions for the future. This book concentrates on the challenges to predict the direction emerging markets will take, particularly when dealing with the wide-ranging social and economic situations taking place in post-Communist Eastern Europe. This reference volume for policymakers, educators, investors, and researchers also provides a much-needed and timely survey of family firms in the transitioning markets of post-Communist Europe.

China's Business Reforms

Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu
China s Business Reforms Book PDF

Author : Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu
Publisher : Routledge
Page : 254 pages
File Size : 49,6 Mb
Release : 2004-11-10
Category : Business & Economics
ISBN : 9781134283262

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China's Business Reforms by Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu Pdf

Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. The editors examine the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world.

Samsung Rising

Geoffrey Cain
Samsung Rising Book PDF

Author : Geoffrey Cain
Publisher : Currency
Page : 418 pages
File Size : 43,8 Mb
Release : 2020-03-17
Category : Business & Economics
ISBN : 9781101907252

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Samsung Rising by Geoffrey Cain Pdf

An explosive exposé of Samsung that “reads like a dynastic thriller, rolling through three generations of family intrigue, embezzlement, bribery, corruption, prostitution, and other bad behavior” (The Wall Street Journal). LONGLISTED FOR THE FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD Based on years of reporting on Samsung for The Economist, The Wall Street Journal, and Time, from his base in South Korea, and his countless sources inside and outside the company, Geoffrey Cain offers a penetrating look behind the curtains of the biggest company nobody in America knows. Seen for decades in tech circles as a fast follower rather than an innovation leader, Samsung today has grown to become a market leader in the United States and around the globe. They have captured one quarter of the smartphone market and have been pushing the envelope on every front. Forty years ago, Samsung was a rickety Korean agricultural conglomerate that produced sugar, paper, and fertilizer, located in a backward country with a third-world economy. With the rise of the PC revolution, though, Chairman Lee Byung-chul began a bold experiment: to make Samsung a major supplier of computer chips. The multimillion- dollar plan was incredibly risky. But Lee, wowed by a young Steve Jobs, who sat down with the chairman to offer his advice, became obsessed with creating a tech empire. And in Samsung Rising, we follow Samsung behind the scenes as the company fights its way to the top of tech. It is one of Apple’s chief suppliers of technology critical to the iPhone, and its own Galaxy phone outsells the iPhone. Today, Samsung employs over 300,000 people (compared to Apple’s 80,000 and Google’s 48,000). The company’s revenues have grown more than forty times from that of 1987 and make up more than 20 percent of South Korea’s exports. Yet their disastrous recall of the Galaxy Note 7, with numerous reports of phones spontaneously bursting into flames, reveals the dangers of the company’s headlong attempt to overtake Apple at any cost. A sweeping insider account, Samsung Rising shows how a determined and fearless Asian competitor has become a force to be reckoned with.