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The Dragon Network: Inside Stories of the Most Successful Chinese Family Businesses(Bloomberg)

The Dragon Network: Inside Stories of the Most Successful Chinese Family Businesses(Bloomberg)

          
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About the Book

What's driving the burgeoning global Chinese family businesses? Chinese family businesses are the driving force behind Asia's economic prosperity. As the world becomes more global they have had to adapt to the new environment. This timely book draws on an extensive regional survey to reveal the key players and the strategies that will drive their success going forward. The book discusses and analyzes the business life and achievements of some prominent overseas Chinese family businesses in Asia and reveals their life philosophies, their business journey, and their family role in business. Includes analysis regarding how the senior Chinese generations prepare their children to run the business in the future Reveals that flexibility, ability to adapt to changing business environments, and resilience contribute to the success of many overseas Chinese family businesses Offers illustrative examples of successful family businesses from Malaysia, Indonesia, The Philippines, and China Based in solid research and filled with illustrative examples, The Dragon Network offers an inside look at how family businesses succeed and thrive in Asia.

Table of Contents:
Acknowledgments ix Introduction xi Chapter 1 Revealing Fast-Growing Overseas Chinese Family Businesses 1 Assimilation 3 Discrimination 4 Background of the Overseas Chinese Family Business (OCFB) 5 Overseas Chinese Family Businesses in Southeast Asia 6 Overseas Chinese Family Businesses in Other Regions 18 Chapter 2 How Do Chinese Values Support Business Values? 21 The Role of the Family in Chinese Culture 22 Confucian Values 23 Filial Piety 24 Guanxi 25 Characteristics of Chinese Family Businesses 26 Challenges Facing Overseas Chinese Family Businesses 41 Chapter 3 Combining Modern Management and Chinese Traditional Values 45 Family Businesses around the World: An Overview 45 Family Businesses: The Strengths 47 Family Businesses: The Weaknesses 49 Modernizing Overseas Chinese Family Businesses 51 Chapter 4 Anatomy of Conflict Management 67 The Story of Nyonya Meneer 68 The Story of Yeo Hiap Seng (YHS) 73 The Origins of Conflicts in Overseas Chinese Family Businesses 78 Conflict Management 84 Chapter 5 The Succession Conundrums 91 Succession Planning Conundrums 92 Succession in Overseas Chinese Family Businesses: Influence of Confucian Values 96 Preparing the Next Generation of Leaders in Overseas Chinese Family Businesses 100 The Next Generations: Dealing with Challenges 105 Chapter 6 The Role of the Wife in Overseas Chinese Family Businesses 115 Wife as the Balance of the Husband 117 Wife as Complement and Driver 119 Wife as the Secretary 120 Wife as the Most Important Figure Following Her Husband?s Death 121 The Role of a Wife: A Breaker or a Binder? 122 Chapter 7 Leadership Styles of Overseas Chinese Family Businesses 125 From Dictatorship to Democracy 126 Yearning for a Patriarch 131 Chapter 8 The Importance of Social Organization in Chinese Family Businesses 135 Evolution of the Bamboo Network 135 Founder?s Activities for Retirement 141 Chapter 9 Dealing with Risk 147 How Do Chinese Family Businesses Deal with Risk? 148 Risk Attitude among Younger Generations in Chinese Family Businesses 152 Chapter 10 Issues on Sustainability in Family Businesses 155 Phases of Growth in a Family Business 155 Challenges in Maintaining Sustainability 157 Chapter 11 Suggestions for Developing Chinese Family Businesses 169 Implementing Corporate Governance 170 Creating a New Business Paradigm, Strategy, Structure, and System 172 Enhancing Education and Competence for Family Members 174 Recruiting Non-Family Executive Professional Managers 175 Analyzing Corporate Life Cycle 177 Promoting Fair Remuneration and Equal Treatment among Members 178 Influencing with the Right Leadership 179 Reformulating Strategy and Renewing Business 180 Promoting Ethical Behavior 181 Promoting Corporate Social Responsibility 183 Developing Estate Planning 185 Chapter 12 The Future of Overseas Chinese Family Businesses: Toward a More Global Management Style 189 About the Authors 195 Bibliography 197 Index 203


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Product Details
  • ISBN-13: 9781118339374
  • Publisher: Bloomberg Press
  • Publisher Imprint: Bloomberg Press
  • Depth: 25
  • Language: English
  • Returnable: N
  • Spine Width: 19 mm
  • Weight: 907 gr
  • ISBN-10: 1118339371
  • Publisher Date: 02 Apr 2013
  • Binding: Hardback
  • Height: 241 mm
  • No of Pages: 272
  • Series Title: Bloomberg
  • Sub Title: Inside Stories of the Most Successful Chinese Family Businesses
  • Width: 163 mm


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