Critical issues faced by Chinese family businesses

Author: Fu Wengge
Publisher:
Publish Date: 2004-10-01
Features: From Walmart, Ford, Rockefeller, Morgan Bank, Bayer, Toyota, Sony, Toshiba, Panasonic, Mitsubishi, Mercedes-Benz, Fiat, and Shell, these renowned companies from the United States to Japan, and then to Europe, are all family-owned enterprises. In the U.S., one-third of all businesses are family-owned. Among the top 500 companies, 35% are family-owned, and 50% of GDP is created by family-owned enterprises. Overseas family-owned businesses are making a strong presence on the global economic stage. Why, then, do Chinese family-owned enterprises face so many challenges? How can Chinese family-owned enterprises break into the global market? Exploring forward, where does the path lie?