Description
Book SynopsisThis book analyzes the findings reported in the first Asia Pacific summit of the Successful Transgenerational Entrepreneurship Practices (STEP) project. Researchers in Australia, China, and India discussed eleven in-depth case studies to shed light on the challenges that business families and family businesses faced in continuing and extending their entrepreneurial capabilities across multiple generations.
Based on a common research framework from STEP, each chapter introduces key findings and challenges existing theory, offering answers to two broad questions in the Asia Pacific context: How do business families and family businesses generate and sustain entrepreneurial performance across generations and how does entrepreneurial performance relate to the continuity, growth and transgenerational entrepreneurship of business families and family businesses? In doing so, the authors look at key issues faced by family business including dealing with communication issues across generations, resolving conflict between siblings, preparing and luring younger generations back to family business, and professionalization of business. The chapters go beyond the succession and governance challenges and explore the processes and outcomes of entrepreneurship in the Austral - Asian family context.
Academics, teachers and students in business and management, entrepreneurship and family business, and Asian studies will find this path-breaking book of great value, as will libraries, policymakers and consultants.
Contributors include: K. Au, S.-J. Chen, W. Chen, H.-M. Chung, J. Craig, M. Fu, W. Irava, R. Jha, W. Li, X. Li, Y. Li, D. Lin, Y. Lu, K. Moores, M. Morris, K. Ramachandran, B. Ren, S. Waiker, J. Ward, B. Yang, K.S. Yeh, H. Zhu
Table of ContentsContents: Preface Jess H. Chua 1. Introduction Kevin Au, Justin B. Craig and Kavil Ramachandran 2. The Mok Family of Hong Kong: Incubating the Next Generation of Entrepreneurs Kevin Au 3. Lee Kum Kee Corp. Ltd (HK): 120 Years and Going Strong Xinchun Li, Hang Zhu, Wenting Chen and Mimi Fu 4. The Sun Family (Dawu Group): Passing the Helm to the Wise Bing Ren, Bin Yang and Ya Li 5. Menshy Battery’s Chen Family: An Overseas Educated Generation Turns to Export Weiwen Li, Yuan Lu, Danming Lin and Kevin Au 6. The Han Family: The Next Generation Forges a New Path for the Jong-Shyn Shipbuilding Company Hsi-Mei Chung, Kuang S. Yeh and Shyh-Jer Chen 7. The Deague Family: Learning Entrepreneurship through Osmosis Justin Craig, Wayne Irava and Ken Moores 8. The Belcher Family Gain Legitimacy in a New Industry: Sailing into the Unknown Justin Craig, Wayne Irava and Ken Moores 9. Incremental Entrepreneurship: Best Practice Professionalization Across Generations Mervyn Morris 10. Twin Brothers in Arms Learn the Family Business Justin Craig, Wayne Irava and Ken Moores 11. GMR Group: A Case of Serial Entrepreneurship Kavil Ramachandran, John Ward, Sachin Waiker and Rachna Jha 12. The Shakti Group: Keeping the Entrepreneurial Spirit Alive in the Second Generation Kavil Ramachandran Index
