Wealth doesn't last 3 generations : how family businesses can maintain prosperity

Author

• Lee, Jean

Additional Author(s)

• Li, Hong

Publisher

Singapore: World Scientific Publishing Co. Pte. Ltd., 2009

Language

English

ISBN

9789812797520

Series

Subject(s)

• FAMILY-OWNED BUSINESS ENTERPRISES-MANAGEMENT
• FAMILY-OWNED BUSINESS ENTERPRISES-SUCCESSION
• SUCCESS IN BUSINESS

Notes

. .

Abstract

With 175 family businesses on the Fortune 500 list, from DuPont and Motorola to IBM, there is no doubt that family-run enterprises play an important role in global economic development. Their role is no less significant in China where, in keeping with the country's rapid economic growth, family businesses are emerging in increasing numbers.

Unique characteristics, such as succession, management, staffing, family affairs, strategy planning and governance structure, set family businesses apart from other business types. As a result, they face particular challenges in survival and sustainability.

In this book, three modern Chinese family businesses, including food and beverage company Yeo Hiap Seng, are studied to analyze the problems that family enterprises face. Other case studies include long-standing family businesses in Europe, America and Asia, such as Ford, Kikkoman and Samsung. This book also discusses the changing characteristics of Chinese family businesses, the pitfalls that such enterprises are likely to face, and how they can overcome these pitfalls and achieve sustainable development.

Physical Dimension

Number of Page(s)

1 online resource (xx, 364 p.)

Dimension

-

Other Desc.

ill.

Summary / Review / Table of Content

Section 1: interpreting family enterprises.
Ch. 1. Yeo Hiap Seng: a typical case study of a family enterprise.
Case 1: Yeo Hiap Seng: the collapse of a family enterprise over three generations.
Ch. 2. Family enterprises in China: the struggles of the first generation.
Case 2: Delong: corporate governance.
Case 3: Huanghe: familial management versus professional management –
Section II. Family enterprises around the world.
Ch. 3. Development of family enterprises in Europe and the US.
Case 4: Ford Motor Company - wealth beyond fifth generation.
Case 5: Porsche Company - The outstanding second generation.
Ch. 4. Characteristics of Asian family enterprises.
Case 6: Case of Kikkoman: a combination of tradition and modernity.
Case 7: Samsung Group: from family enterprise to global brand.
Case 8: Lee Kum Kee: a family enterprise whose wealth lasts over five generations –
Section III. Development of family enterprises in China.
Ch. 5. Merchants from Huizhou and Shanxi during the Ming and Qing dynasties.
Ch. 6. Family enterprises in modern China.
Case 9: Hope Group: making family enterprises. Wanxiang Group - three axes of family enterprise: family, enterprise and ownership.
Ch. 7. Breakthrough of Chinese family enterprises –
Section IV. Conclusion.
Ch. 8. Sustainable development of family enterprises.

Exemplar(s)

#	Accession No.	Call Number	Location	Status
1.	00314/19	658.045 Lee W	Online !	Available