Overview

Crossroads of Family Businesses in China: Succession and Transformation studies the intergenerational succession in family-owned businesses, specifically in the Chinese mainland. With the succession of family businesses over time, transformation is required as it needs to correspond to the world's development to successfully sustain the company. There is a multitude of factors that play their roles accordingly to perform a prosperous accession.Hence, this book highlights common issues such as the challenges for both succession and transformation of the company, the interest of the second generation, introducing the second generation to the business before fully passing on, family culture and morale, the distinction between wealth inheritance and business succession, the unorthodox tradition of mother-to-daughter succession and opening management to professionals. These topics are substantiated by case studies of Chinese family businesses, such as Neoglory Group, Midea, Red Collar, Fotile and even more. The book offers theories, practices and models for strategic transformations during succession.Readers will be able to enjoy insights into a critical evaluation of the intersection between succession and transformation. They will also discover how the different methods of succession utilized by real-life Chinese family-owned businesses affect the businesses' performance. This book will be their first step in constructing a thought on this topic, while indulging in an incredible learning experience.

Full Product Details

Author:   Jean S K Lee (China Europe Int'l Business Sch, China) ,  Anthea Yan Zhang (Rice Univ, Usa) ,  Jun He (-)
Publisher:   World Scientific Publishing Co Pte Ltd
Imprint:   World Scientific Publishing Co Pte Ltd
ISBN:  

9789811229404

ISBN 10:   9811229406
Pages:   374
Publication Date:   25 June 2021
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Reviews

"""With numerous research and original cases studies, this book explains business essentials in simple terms, uncovers the mystery of Chinese family business inheritance and conducts targeted studies in a systematic manner. It offers valuable lessons, experience and best practice for businesses to learn. Using (Man) as a mirror, one understands one's errors or failures. Using history as a mirror, one knows of its rise or fall. Using this book as a mirror, one knows when to advance or retreat.""; Chan Yue Kwong; Former Chairman of Cafe de Coral; Chairman of Hong Kong Management Association; Honorary Chairman of the Legacy Academy Institution; ""How to promote business transformation with inheritance of wealth, career and entrepreneurial spirit? How to eliminate obstacles of inheritance with successful transformation? This book not only provides a concise and powerful analysis framework to help family businesses recognize themselves, but helps two generations find the right direction with in-depth analysis of typical cases.""; Chen Ling; Associate Dean; Professor and Doctoral Supervisor; School of Management; Zhejiang University; ""This book offers a unique perspective and interprets the connection between family inheritance and corporate transformation. It demonstrates elements that lead to the '3Ts' of successful family inheritance, namely Trust, Talent and Technology.""; Annie Koh; Vice President of Business Development; Professor of Finance Practice and Academic Director of Family Business School; Singapore Management University; ""This book is one of the few books worth recommending in the field of Chinese family business. It has both theoretical framework and a practical point of view. The book employs rich and vivid stories to discuss transformation and inheritance of family businesses.""; Allen Cai Hongqing; Founder of Taiwan Institute of Directors;"

With numerous research and original cases studies, this book explains business essentials in simple terms, uncovers the mystery of Chinese family business inheritance and conducts targeted studies in a systematic manner. It offers valuable lessons, experience and best practice for businesses to learn. Using (Man) as a mirror, one understands one's errors or failures. Using history as a mirror, one knows of its rise or fall. Using this book as a mirror, one knows when to advance or retreat. ; Chan Yue Kwong; Former Chairman of Cafe de Coral; Chairman of Hong Kong Management Association; Honorary Chairman of the Legacy Academy Institution; How to promote business transformation with inheritance of wealth, career and entrepreneurial spirit? How to eliminate obstacles of inheritance with successful transformation? This book not only provides a concise and powerful analysis framework to help family businesses recognize themselves, but helps two generations find the right direction with in-depth analysis of typical cases. ; Chen Ling; Associate Dean; Professor and Doctoral Supervisor; School of Management; Zhejiang University; This book offers a unique perspective and interprets the connection between family inheritance and corporate transformation. It demonstrates elements that lead to the '3Ts' of successful family inheritance, namely Trust, Talent and Technology. ; Annie Koh; Vice President of Business Development; Professor of Finance Practice and Academic Director of Family Business School; Singapore Management University; This book is one of the few books worth recommending in the field of Chinese family business. It has both theoretical framework and a practical point of view. The book employs rich and vivid stories to discuss transformation and inheritance of family businesses. ; Allen Cai Hongqing; Founder of Taiwan Institute of Directors;

Author Information

Professor Jean Lee is the Michelin Chair Professor in Leadership and Human Resources Management, Professor of Management and Co-Director of Center for Family Heritage in China Europe International Business School (Shanghai). Her research interests include leadership, corporate culture, women in leadership, family business and cross-culture management. She has published extensively in local and international journals, such as Human Relations, Family Business Review, International Journal of HRM, Asia Pacific Journal of Management, Financial Times, Forbes, Harvard Business Review (China) etc. She serves on the editorial board of Asia Business Review and Journal of Chinese Human Resource Management and has served as the Associate Editor of Asia-Pacific Journal of Management. She is the author of Wealth Doesn't Last 3 Generations (2009) and Chinese Women Business Leaders — Seven Principles of Leadership (2018). Prof Lee has consulted and conducted training programmes for many multinational, local and international organizations in Southeast Asia and mainland China. She also serves as Independent Director of several companies. She has received several Teaching Awards and Service Awards based on her excellent teaching and outstanding leadership and contribution in the profession. She was listed as top 25 influential scholars in the field of family business in 2015. Dr Yan ""Anthea"" Zhang is a professor and the Fayez Sarofim Vanguard Chair of Strategic Management at the Jones Graduate School of Business, Rice University, USA. Her research focuses on CEO succession and corporate governance of public-listed companies and family-owned firms, and foreign direct investment and technological entrepreneurship in emerging markets (notably China). She is a prolific scholar ad has published many research articles in top academic journals in the business field, such as the Academy of Management Journal and Strategic Management Journal. Her research has been widely cited in top business media outlets such as Harvard Business Review, Economist, Business Week, New York Times, Wall Street Journal, Washington Post, USA Today, and Financial Times. She has served on the boards of directors of Strategic Management Society and International Corporate Governance Society. She received her PhD in business administration from Marshall School of Business, the University of Southern California, Master of Philosophy in international business from City University of Hong Kong, and BA and MA in economics from Nanjing University. She was on the faculty of China Europe International Business School and held visiting professorships in Tsinghua University, Fudan University, Shanghai Jiaotong University, and Sun Yat-Sen University.

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