Family business inheritance unspoken rules

Author: Wang Lianjuan
Publisher:
Publish Date: 2006-09-01
Features: For family-owned enterprises, which constitute the majority of private enterprises in China, succession is a challenge they must face. Since the reform and opening-up, Chinese family-owned enterprises have gone through more than 20 years of development. As the founders gradually age, ensuring the competitive position of the enterprise in the future market has become an urgent issue for these entrepreneurs. It can be predicted that the next 10 to 20 years will be a peak period for the transition of leadership in Chinese family-owned enterprises. How to break the curse of "three generations and no wealth" that plagues the development of family-owned enterprises? How to successfully identify the successor who can drive the next phase of success for the family-owned enterprise? How to cultivate them, and after their training, how to smoothly hand over the business? How to build the family empire after the successor takes over? How to face the various crises that may arise after succession? All of these will be inescapable challenges for family-owned enterprises. This book is currently the most valuable resource on succession in Chinese family-owned enterprises. Based on eight years of in-depth research and combining the lessons learned from the succession of family-owned enterprises abroad, the author systematically organizes and answers the above issues from theory to practice, revealing the hidden rules of succession in Chinese family-owned enterprises, and providing enlightenment and help for them. This book is suitable for family-owned enterprise managers in various industries and levels across the country, as well as for non-family-owned enterprise management personnel for reference and learning. It is also suitable for entrepreneurs, management professionals in universities, EMBA and MBA students, researchers of enterprise development history, and is a must-read reference for the general public interested in family-owned enterprise development issues.