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Breakthrough of Chinese Family Enterprises

In: Wealth Doesn'T Last 3 Generations How Family Businesses can Maintain Prosperity

Author

Listed:
  • Jean Lee

    (China Europe International Business School, China)

  • Hong Li

    (Chinese Academy of Social Sciences, China)

Abstract

The following sections are included:The Axis of FamilyFamily Concept — Manage the Double-Edged SwordPower Handover — Make Long-Term Plan for SuccessionThe Axis of OwnershipDefine the Ownership Right and Management Right as Early as PossibleRisk Control — Establish True Governance Structure and Management SystemThe Axis of EnterpriseIndustrial Orientation: Establish a System of Specialization and CooperationMarket Competition: Enhance the Consciousness of Competition and Cooperation, and Emphasize Resource ComplementarityBottleneck for Talents: Improve HR Management and Retain High-Level Managers

Suggested Citation

  • Jean Lee & Hong Li, 2008. "Breakthrough of Chinese Family Enterprises," World Scientific Book Chapters, in: Wealth Doesn'T Last 3 Generations How Family Businesses can Maintain Prosperity, chapter 7, pages 287-306, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812797520_0007
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