Winning Across the World: The Top Ten Wealthy Families in the East

Author: Zhang Junjie
Publisher:
Publish Date: 2005-01-01
Features: In his book "Family Business Succession," American scholar Ken Gersick said, "Over 80% of businesses worldwide are family-owned, including both renowned global giants like Walmart and investment leaders like Fidelity Investments, as well as small grocery stores operating in solitude." According to data, family-run businesses account for at least 90% or more of the non-public sector economy in mainland China. Overseas Chinese have relied on this model to rise rapidly in just a few decades, becoming an undeniable economic force on the international stage. In the tide of the market economy, the rise of wealthy Chinese families is an inevitable phenomenon. However, after experiencing a period of entrepreneurial prosperity, wealthy family businesses now face new challenges: how to embark on a second or third wave of entrepreneurship, how to transform family businesses into century-old enterprises, and how to enable successors to surpass their predecessors.