Cover image for The Dragon Network : Inside Stories of the Most Successful Chinese Family Businesses.
The Dragon Network : Inside Stories of the Most Successful Chinese Family Businesses.
Title:
The Dragon Network : Inside Stories of the Most Successful Chinese Family Businesses.
Author:
Susanto, A. B.
ISBN:
9781118339404
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (158 pages)
Series:
Bloomberg Ser.
Contents:
The Dragon Network: Inside Stories of the Most Successful Chinese Family Businesses -- Copyright -- 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 -- Indonesia -- Singapore -- Malaysia -- The Philippines -- Thailand -- Overseas Chinese Family Businesses in Other Regions -- Chapter 2: How Do Chinese Values Support Business Values? -- The Role of the Family in Chinese Culture -- Confucian Values -- Filial Piety -- Guanxi -- Characteristics of Chinese Family Businesses -- High Cohesiveness -- Lack of Formal Organizational Structure and Rules -- Combining Family Ownership and Management Control -- Strong Family Relationships -- Early Involvement of the Younger Generation -- Strong Entrepreneurial Skills and Spirit -- Cost-Conscious -- Promoting Glory and Reputation -- The Role of Guanxi -- High Dependency on Patriarchs or Matriarchs -- Paternalistic Leadership -- Passing Down the Cultural Values -- Challenges Facing Overseas Chinese Family Businesses -- Managing Growth -- Globalization -- Rapid Development of Information and Communication Technology (ICT) -- Increasing Competition -- The Growing Influence of Generation Y -- Chapter 3: Combining Modern Management and Chinese Traditional Values -- Family Businesses around the World: An Overview -- Family Businesses: The Strengths -- Independence of Actions -- Strong Family Culture -- Long-Term Commitment -- Speed and Flexibility -- Learning Opportunities for Younger Generations -- Opportunity to Work Together -- Family Businesses: The Weaknesses -- Confusing Organization -- Family Domination in the Business -- Spoiled-Kid Syndrome -- Ownership and Management.

Modernizing Overseas Chinese Family Businesses -- Building a Solid Organization -- Focusing on Human Resource Development -- Promoting Open Communication -- Focusing on Innovation and Technology -- Developing Strategic Planning in a Family Business -- Moving toward Professionalism -- Chapter 4: Anatomy of Conflict Management -- The Story of Nyonya Meneer -- The Story of Yeo Hiap Seng (YHS) -- The Origins of Conflicts in Overseas Chinese Family Businesses -- Differences Regarding Business Interest and Family Interest -- The Refusal of Senior Generations to Hand over Power -- Poor Communication -- Growing Business and Interest -- Siblings and Cousins Rivalry -- Family Members' Unfair Demand from the Employees -- Company's Structure and System -- Conflict Management -- Avoiding Conflicts -- Conflict Resolution in Chinese Family Businesses: A Different Approach -- Chapter 5: The Succession Conundrums -- Succession Planning Conundrums -- Resistance from the Senior Generation -- Poor Communication among Family Members -- Rejection from the Younger Generation -- Impediments from Non-Family Professionals and Outsiders -- Succession in Overseas Chinese Family Businesses: Influence of Confucian Values -- Preparing the Next Generation of Leaders in Overseas Chinese Family Businesses -- Developing Leadership Qualities -- Instilling a Sense of Belonging to the Business -- Transferring Knowledge to the Younger Generation -- Promoting Entrepreneurial Spirit among Younger Generations -- Giving Everyone a Chance Regardless of Gender -- Giving Every Member of the Younger Generation a Chance -- The Next Generations: Dealing with Challenges -- Deciding to Join or Not to Join -- Implementing Modern Management Principles -- Staying Humble -- Managing Conflicts -- Delegating More Authority -- Finding Work Experience Outside the Family Business -- Being a Change Agent.

Being a Lifelong Learner -- Chapter 6: The Role of the Wife in Overseas Chinese Family Businesses -- Wife as the Balance of the Husband -- Wife as Complement 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 Styles of Overseas Chinese Family Businesses -- From Dictatorship to Democracy -- Yearning for a Patriarch -- Chapter 8: The Importance of Social Organization in Chinese Family Businesses -- 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 Generations in Chinese Family Businesses -- Chapter 10: Issues on Sustainability in Family Businesses -- Phases of Growth in a Family Business -- Challenges in Maintaining Sustainability -- Unfair Workload Distribution, Compensation, and Benefits -- Resistance to Non-Family Professionals and Nepotism -- Absence of Leadership and Succession Plan -- Generation Gap and Conflict of Interest -- Inability of the Senior Generation to Let Go -- Lack of Commitment and Tangible Recognition -- Elements of Distrust and Dysfunctional Relationships -- Consumerism and Generational Decline -- Chapter 11: Suggestions for Developing Chinese Family Businesses -- Implementing Corporate Governance -- Creating a 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 -- Developing Estate Planning.

Chapter 12: The Future of Overseas Chinese Family Businesses: Toward a More Global Management Style -- About the Authors -- Bibliography -- Index.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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