Family business system innovation

Author: Ying Huanhong
Publisher:
Publish Date: 2005-02-01
Features: "Research on Institutional Innovation in Family Businesses" introduces the history, current status, and potential future of family businesses in our country. Currently, most of the private enterprises in our country are family businesses, playing a significant role in the national economy. However, due to their small scale and outdated technology, they face severe competition after China's entry into the WTO. Family businesses can only hope to grow and develop by not pursuing rapid expansion in the short term, not being confined to immediate profits, actively adapting to changes in the external environment, and continuously innovating their institutions. Author Ying Huanhong has long been engaged in research on family businesses and has published numerous monographs, participating in the research of many major projects.