Success of fourth generation family businesses in Asia.
This paper aims to find out how a fourth generation family business can achieve sustainability. Using various case studies, we observe key success factors behind the smooth transition between the third and fourth generation family entreprises. We also identify the long term plans families have imple...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/21240 |
| _version_ | 1811677224111177728 |
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| author | Ho, Brian Meng Tat. Khoo, Casancia Wang Tien. Mo, Clarissa Hui Ru. |
| author2 | Fock Siew Tong |
| author_facet | Fock Siew Tong Ho, Brian Meng Tat. Khoo, Casancia Wang Tien. Mo, Clarissa Hui Ru. |
| author_sort | Ho, Brian Meng Tat. |
| collection | NTU |
| description | This paper aims to find out how a fourth generation family business can achieve sustainability. Using various case studies, we observe key success factors behind the smooth transition between the third and fourth generation family entreprises. We also identify the long term plans families have implemented at the fourth generation. Through these findings, we condense a broad set of policies contributing to business sustainability. Next, we compare the differences between each company’s emphases within the set of policies. The paper then investigates external factors influencing the different routes to sustainability.
This is an exploratory research. We have utilized three key case studies – Lee Kum Kee, YTL Corporation and IMC Group – in our project. Our findings have shown that although businesses recognize similar issues, they have varied their approaches to overcoming these obstacles. These differences are influenced by business characteristics and family culture.
Understanding the forces shaping unique sustainable planning policies for each business will enable entrepreneurs and small-medium sized firms to plan early. Private equity players will also gain a competitive edge as the family businesses seek external funding with parties who comprehend the true dynamics of their businesses. |
| first_indexed | 2024-10-01T02:33:58Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/21240 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:33:58Z |
| publishDate | 2010 |
| record_format | dspace |
| spelling | ntu-10356/212402023-05-19T05:41:38Z Success of fourth generation family businesses in Asia. Ho, Brian Meng Tat. Khoo, Casancia Wang Tien. Mo, Clarissa Hui Ru. Fock Siew Tong Nanyang Business School DRNTU::Business::Operations management::Family owned business enterprises This paper aims to find out how a fourth generation family business can achieve sustainability. Using various case studies, we observe key success factors behind the smooth transition between the third and fourth generation family entreprises. We also identify the long term plans families have implemented at the fourth generation. Through these findings, we condense a broad set of policies contributing to business sustainability. Next, we compare the differences between each company’s emphases within the set of policies. The paper then investigates external factors influencing the different routes to sustainability. This is an exploratory research. We have utilized three key case studies – Lee Kum Kee, YTL Corporation and IMC Group – in our project. Our findings have shown that although businesses recognize similar issues, they have varied their approaches to overcoming these obstacles. These differences are influenced by business characteristics and family culture. Understanding the forces shaping unique sustainable planning policies for each business will enable entrepreneurs and small-medium sized firms to plan early. Private equity players will also gain a competitive edge as the family businesses seek external funding with parties who comprehend the true dynamics of their businesses. BUSINESS 2010-03-23T08:21:39Z 2010-03-23T08:21:39Z 2010 2010 Final Year Project (FYP) http://hdl.handle.net/10356/21240 en Nanyang Technological University 56 p. application/pdf |
| spellingShingle | DRNTU::Business::Operations management::Family owned business enterprises Ho, Brian Meng Tat. Khoo, Casancia Wang Tien. Mo, Clarissa Hui Ru. Success of fourth generation family businesses in Asia. |
| title | Success of fourth generation family businesses in Asia. |
| title_full | Success of fourth generation family businesses in Asia. |
| title_fullStr | Success of fourth generation family businesses in Asia. |
| title_full_unstemmed | Success of fourth generation family businesses in Asia. |
| title_short | Success of fourth generation family businesses in Asia. |
| title_sort | success of fourth generation family businesses in asia |
| topic | DRNTU::Business::Operations management::Family owned business enterprises |
| url | http://hdl.handle.net/10356/21240 |
| work_keys_str_mv | AT hobrianmengtat successoffourthgenerationfamilybusinessesinasia AT khoocasanciawangtien successoffourthgenerationfamilybusinessesinasia AT moclarissahuiru successoffourthgenerationfamilybusinessesinasia |