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Full Description
The global economy is predominantly driven by family businesses that provide the largest source of long-term employment in most countries. In Asia, family members amongst 60% of large corporations own a significant share of the equity and can influence key decisions. This phenomenon presents family enterprises with challenges and opportunities as any other non-family-run enterprise but in a more complex dimension.This book presents a collection of cases that address three key challenges faced by many of the family enterprises in Asia — Succession, Governance and Innovation. The narration of the cases also offers the reader tips about good practices among the Asian families, such as effective family governance mechanism, development of innovation and entrepreneurial mindsets across generations, and importance of family culture.This case book is essential reading for anyone interested in addressing the needs of business families in the region.
Contents
Preface (Pramodita Sharma); Introduction: The Challenges in Asian Family Enterprises — Succession, Governance and Innovation (Jean Lee); Theme One: Succession: Thai Wah: Transformation and Innovation for Sustainable Growth (Annie Koh); Helped onto the Horse, Riding by Yourself: The Succession of The Wonbly Family (Chen Ling); The Hawk's Story: A Succession Journey of Fractions and Agreements (Jean Lee); Theme Two: Governance: Dawu Group: Founder's Son Running for Board Chairperson (Jean Lee); Managing Change at the Kuttakaran Group (Kavil Ramachandran); Tanzan Shuzo: The Success Story of the Fifth Generation Female CEO (Dou Shaojie); Theme Three: Innovation: Mission Hills Group in China: Family Entrepreneurship and Legacy (Kevin Au); Growing in Unity — The Luangamornlert Family's Ride Through Challenges (Annie Koh & Suchart Tripopsakul); LH Group Ltd — Strategic Renewal of Restaurant Business by Two Second Generations (Kevin Au); Hai Sia Seafood: Fostering Stewardship (Annie Koh); Funabashiya (Hiro Higashide); Conclusion: The 3Rs of Building Family Owned Enterprises of the Future (Annie Koh); Acknowledgements;



