The Dragon Network Inside Stories of the Most Successful Chinese Family Businesses

by Susanto, A. B.; Susanto, Patricia

• ISBN13: 9781118339374
• ISBN10: 1118339371
• Format: Hardcover
• Copyright: 2013-03-25
• Publisher: Bloomberg Pr

Summary

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.

Author Biography

A.B. Susanto serves as Chairman of The Jakarta Consulting Group, a leading management consultant firm in Indonesia. He is also known as one of the foremost family business consultants in Indonesia. Susanto is Dean of the Faculty of Economics at President University in Indonesia. He obtained his bachelor's degree and master's degree from the University of Indonesia and his doctorate degree from the University of Düsseldorf, Germany.

PATRICIA SUSANTO is the current CEO of the The Jakarta Consulting Group. She graduated with a bachelor's degree from the University of Southern California in 1999 and continues her studies in psychology and human resources at the University of Indonesia and Griffith University, Australia. For the past ten years, she has taken an active interest in family business studies and research. As part of The Jakarta Consulting Group, Susanto has been involved in developing governance for family business in Indonesia.

Table of Contents

Acknowledgments

Introduction

Chapter 1: Revealing Fast-Growing Overseas Chinese Family Businesses
Assimilation
Discrimination
Background of the Overseas Chinese Family Business (OCFB)
Overseas Chinese Family Businesses in Southeast Asia
Overseas Chinese Family Businesses in Other Regions

Chapter 2: How Do Chinese Values Support Business Values
The Role of Family in Chinese Culture
Confucian Values
Filial Piety
Guanxi
The Characteristics of Chinese Family Businesses
Challenges Facing Overseas Chinese Family Businesses

Chapter 3: Combining Modern Management and Chinese Traditional Values
Family Businesses around the World: an Overview
Family Business: The Strengths
Family Businesses: The Weaknesses
Modernizing Overseas Chinese Family Businesses

Chapter 4: Conflict Anatomy Management
The Story of Nyonya Meneer
The Story of Yeo Hiap Seng (YHS)
The Origins of Conflicts in Overseas Chinese Family Businesses
Conflict Management

Chapter 4: Conflict Anatomy Management
The Story of Nyonya Meneer
The Story of Yeo Hiap Seng (YHS)
The Origins of Conflicts in Overseas Chinese Family Businesses
Conflict Management

Chapter 5: The Succession Conundrums
The Succession Planning Conundrums
Succession in Overseas Chinese Family Businesses: The Influence of Confucian Values
Preparing the Next Generation Leaders in Overseas Chinese Family Businesses
The Next Generations: Dealing With Challenges

Chapter 6: The Role of the Wife in Overseas Chinese Family Businesses
Wife as the Balance of the Husband
Wife as the Complementary and Driver
Wife as the Secretary
Wife as the Most Important Figure Following Her Husband’s Death
The Role of a Wife: a Breaker or a Binder?

Chapter 7: Leadership Style of Overseas Chinese Family Business
From Dictatorship to Democracy
Yearning for Patriarch

Chapter 8: The Importance of Social Organization in Chinese Family Businesses
The Evolution of the Bamboo Network
Founder’s Activities for Retirement

Chapter 9: Dealing with Risk
How Do Chinese Family Businesses Deal with Risk?
Risk Attitude Among Younger Generation in Chinese Family Businesses

Chapter 10: Issues on Sustainability in Family Businesses
Phases of Growth in a Family Business
Challenges in Maintaining Sustainability

Chapter 11: Suggestions for Developing Chinese Family Businesses
Implementing Corporate Governance
Creating New Business Paradigm, Strategy, Structure, and System
Enhancing Education and Competence for Family Members
Recruiting Non Family Executive Professional Managers
Analyzing Corporate Life Cycle
Promoting Fair Remuneration and Equal Treatment among Members
Influencing With the Right Leadership
Reformulating Strategy and Renewing Business
Promoting Ethical Behavior
Promoting Corporate Social Responsibility (CSR)
Developing Estate Planning

Chapter 12: The Future of Overseas Chinese Family Business: Towards a More Global Management Style

About the Authors

Bibliography

Index