Family business governance

Author: Zhou Kun
Publisher:
Publish Date: 2006-07-01
Features: Starting a business through hardship, rapidly expanding, and then quickly collapsing—how can countless Chinese family businesses break free from this vicious cycle of no return? Over the course of nearly 40 years in his career, Mr. Zhou has risen from an ordinary employee to become the president of three listed companies, while deeply engaging with countless renowned Chinese family businesses, gaining profound insights. He is well-qualified to speak on the difficulties of family business succession. In this book, Mr. Zhou begins by analyzing the strengths and weaknesses of family businesses, delves into the "Four Internal Injuries" that plague them, as well as issues such as talent management, succession, inheritance, and cultural development. He systematically elaborates on the standardized management systems of family businesses, providing a successful path for their succession and sustainable development.
Combining the success stories and lessons learned from family businesses both domestically and internationally, the book offers an in-depth analysis of an extremely sensitive business model, from the surface to the core. It includes many familiar domestic and international well-known companies, such as DuPont, Walmart, Ford, Rockefeller, Panasonic from Japan, Zhejiang Wanxiang Group, FOTILE Group, and more. There are also the rise and fall of generations of dynasties and successful families throughout history. Since family businesses, like past dynasties, will perish if they neglect family education and inheritance, the managers of family businesses should prioritize the education and cultivation of their children. It is believed that many Chinese readers will resonate with this and find inspiration and help from the book.
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