Publication Type

Journal Article

Version

Postprint

Publication Date

6-2001

Abstract

Families control more than half of the corporations in East Asia. The contribution of family businesses to Asia's economic growth is predicated upon successfully growing their businesses. Many family businesses in East Asia, spanning countries such as Taiwan, Hong Kong, Indonesia, Singapore, and Malaysia, are Chinese owned and managed. Some claim that these businesses will never develop into full-fledged multinational enterprises because of their cultural heritage (Redding, 1990). However, some Chinese family businesses have successfully made the transition.This paper presents an in-depth study of five Chinese family businesses in Singapore that have successfully made the transition in growth and size and across national boundaries and family generations. Their business empires extend into the Asia Pacific region. This paper highlights the key success factors of these five noteworthy family businesses that enabled them to make these growth transitions.

Keywords

Family-owned business enterprises, family business succession, Singapore, Chinese, family business

Discipline

Asian Studies | Entrepreneurial and Small Business Operations | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Family Business Review

Volume

14

Issue

2

First Page

123

Last Page

139

ISSN

0894-4865

Identifier

10.1111/j.1741-6248.2001.00123.x

Publisher

SAGE

Additional URL

http://dx.doi.org/10.1111/j.1741-6248.2001.00123.x