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Fock Siew Tong

    Dynamics of Family Business
    • Dynamics of Family Business

      The Chinese Way

      • 304 Seiten
      • 11 Lesestunden

      Much of the prevailing literature and academic perception suggest that Chinese family businesses are hindered in their growth due to cultural traits, limiting their potential to become multinational enterprises. This perspective poses a challenge for Singapore, where public policy aims to nurture local enterprises, primarily dominated by Chinese family businesses, into successful international corporations. This book conducts an in-depth study of five Chinese family businesses in Singapore that have defied these supposed cultural limitations and successfully navigated intergenerational transitions. These businesses have expanded significantly over generations, evolving into prominent entities in the Asia Pacific and beyond. The analysis explores the success factors of these businesses, focusing on cultural and institutional influences, as well as the entrepreneurial roles of their leaders. The achievements of these five entrepreneurially driven Chinese family businesses, along with the profiles of their leaders, serve as valuable templates for other Chinese family business leaders and aspiring enterprises. Key features include: (1) Challenging the misconception that Chinese family businesses cannot evolve into multinationals; (2) Detailed case studies across various industries and generational successions; and (3) Highlighting successful Singaporean companies like Hong Leong Group, Eu Yang Sang International, The Hour Glass,

      Dynamics of Family Business2008