Wealth Doesnt Last 3 Generations How Family Businesses Can Maintain Prosperity

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Wealth Doesn't Last 3 Generations

Author : Dr. Jean Lee
Publisher : World Scientific
ISBN 13 : 9812797513
Total Pages : 385 pages
Book Rating : 4.8/5 (127 download)

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Book Synopsis Wealth Doesn't Last 3 Generations by : Dr. Jean Lee

Download or read book Wealth Doesn't Last 3 Generations written by Dr. Jean Lee and published by World Scientific. This book was released on 2009 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: With 175 family businesses on the Fortune 500 list, from DuPont and Motorola to IBM, there is no doubt that family-run enterprises play an important role in global economic development. Their role is no less significant in China where, in keeping with the country's rapid economic growth, family businesses are emerging in increasing numbers.Unique characteristics, such as succession, management, staffing, family affairs, strategy planning and governance structure, set family businesses apart from other business types. As a result, they face particular challenges in survival and sustainability.In this book, three modern Chinese family businesses, including food and beverage company Yeo Hiap Seng, are studied to analyze the problems that family enterprises face. Other case studies include long-standing family businesses in Europe, America and Asia, such as Ford, Kikkoman and Samsung. This book also discusses the changing characteristics of Chinese family businesses, the pitfalls that such enterprises are likely to face, and how they can overcome these pitfalls and achieve sustainable development.

Family Business Law Declassified

Author : Jim Lopez
Publisher : Anvil Publishing, Inc.
ISBN 13 : 6214200847
Total Pages : 360 pages
Book Rating : 4.2/5 (142 download)

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Book Synopsis Family Business Law Declassified by : Jim Lopez

Download or read book Family Business Law Declassified written by Jim Lopez and published by Anvil Publishing, Inc.. This book was released on 2016-10-19 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, authored by three-time National Book Award winner Jim V. Lopez, helps unveil the answers to the nagging conundrum: Why do most family businesses experience a meltdown once they reach the third generation? Family Business Law Declassified: How to Beat the Third-Generation Curse reveals numerous traps that cause family businesses to falter and eventually sink into the cesspool of irrelevance and insolvency. It also offers best practices and countervailing measures to cushion the impact of the “Buddenbrooks Phenomenon,” thus helping family businesses transcend the obstacles associated with the third generation.

Family Enterprise in the Asia Pacific

Author : Mervyn J. Morris
Publisher : Edward Elgar Publishing
ISBN 13 : 0857938150
Total Pages : 221 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Family Enterprise in the Asia Pacific by : Mervyn J. Morris

Download or read book Family Enterprise in the Asia Pacific written by Mervyn J. Morris and published by Edward Elgar Publishing. This book was released on 2011 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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 AustralAsian 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.

The SAGE Handbook of Family Business

Author : Leif Melin
Publisher : SAGE
ISBN 13 : 1446265935
Total Pages : 697 pages
Book Rating : 4.4/5 (462 download)

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Book Synopsis The SAGE Handbook of Family Business by : Leif Melin

Download or read book The SAGE Handbook of Family Business written by Leif Melin and published by SAGE. This book was released on 2013-11-15 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.

The Routledge Companion to Asian Family Business

Author : Ho-Don Yan
Publisher : Routledge
ISBN 13 : 1000374645
Total Pages : 490 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Routledge Companion to Asian Family Business by : Ho-Don Yan

Download or read book The Routledge Companion to Asian Family Business written by Ho-Don Yan and published by Routledge. This book was released on 2021-04-27 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This companion provides broad and in-depth insights into family business in Asia and how Asian family firms navigate in the digital economy. The first part of the book looks at key concepts of family business while the second part presents Asian family firms’ cases from Japan, South Korea, China, Taiwan, Hong Kong, Thailand, Malaysia and other Asian economies. This comprehensive reference will help readers understand how family firms in Asia compete and survive in the world market especially in the digital age and why and how Asian economies can emerge as one of the most dynamic regions in the world.

The Dragon Network

Author : A. B. Susanto
Publisher : John Wiley & Sons
ISBN 13 : 1118339401
Total Pages : 188 pages
Book Rating : 4.1/5 (183 download)

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Book Synopsis The Dragon Network by : A. B. Susanto

Download or read book The Dragon Network written by A. B. Susanto and published by John Wiley & Sons. This book was released on 2013-01-24 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Indian Hospitality Industry

Author : Sandeep Munjal
Publisher : CRC Press
ISBN 13 : 1351846906
Total Pages : 328 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis The Indian Hospitality Industry by : Sandeep Munjal

Download or read book The Indian Hospitality Industry written by Sandeep Munjal and published by CRC Press. This book was released on 2017-08-30 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: India has been in transition for the last two decades, moving from a mixed economy toward a market economy model, and the Indian hospitality industry is metamorphosing into a mature industry. It is time that the story of the Indian hospitality industry is told. The Indian Hospitality Industry: Dynamics and Future Trends tells that story, one defined by the industry’s push for growth in revenues and the struggle to match the revenue growth with profitability. The volume includes a selection of insightful chapters that offer research into the multiple dimensions of the Indian hospitality industry. The book covers many segments of the hospitality sector, including hotels, events and catering businesses, and restaurants and coffee shops, both domestic and small mom-and-pop businesses as well as international chains. The opening chapters set the tone for providing an overarching perspective on the status of the industry in terms of the macroeconomic variables and how they may have impacted the health of hospitality businesses in India. The book then goes on to explore a wide variety of issues. The editors and chapter authors are either practitioners themselves or researchers, looking at both domestic and international hospitality business in India and a wide variety of economic factors. The information divulged here will be important for stakeholders, which includes domestic and international hospitality professionals, business leaders, investors, and those in governmental positions, especially in the tourism ministry. The volume informs on the issues and challenges that that the hospitality industry in India is up against. The book looks at the dilemma of a industry that responded to the demand growth promise by ramping up supply, only to find that the investments made were received by an actual growth that was way shy of forecasts and left investors with unexpected losses on their profit & loss statements and bloodied balance sheets.

Family Fortunes

Author : Bill Bonner
Publisher : John Wiley & Sons
ISBN 13 : 1118171411
Total Pages : 359 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Family Fortunes by : Bill Bonner

Download or read book Family Fortunes written by Bill Bonner and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected as one of Motley Fool’s “5 Great Books You Should Read” Advice on managing your wealth from bestselling author Bill Bonner From trusted New York Times bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices. A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors—even those who do not plan to leave money to their children—because it challenges many of the most ubiquitous principles and rules of investing. You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: Why family money should NOT be invested in "safe, conservative" investments Why charitable giving is usually a waste of money, or worse Why it is NOT a good idea to let children go their own way Why you can't trust wealth "professionals" and why you should never entrust your money to money managers Why giving your children as much education as possible is NOT a good idea Why Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take "the pledge" Why Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more You will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, Family Fortunes is filled with concrete, practical advice you can put to use right away.

Chinese Entrepreneurship

Author : Fu-Lai Tony Yu
Publisher : Routledge
ISBN 13 : 1317501802
Total Pages : 180 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Chinese Entrepreneurship by : Fu-Lai Tony Yu

Download or read book Chinese Entrepreneurship written by Fu-Lai Tony Yu and published by Routledge. This book was released on 2015-07-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: After more than 30 years of reformations in agriculture, manufacturing and trade and industry, China’s economy has grown to become the second largest in the world. This book examines the contributions of dynamic entrepreneurs to the economic development of mainland China and Hong Kong – an analysis that is largely lacking in existing studies China’s economic stronghold. This book adopts theories of entrepreneurship and market processes as major analytical frameworks to conclude that entrepreneurship is the true engine of growth in mainland China and Hong Kong. Chinese Entrepreneurship focuses on the knowledge drivers and systemic challenges of these businesses to examine how entrepreneurs under uncertainty identify and pursue profit opportunities, and how their efforts have enhanced China’s economic dynamics. This book offers vital insight to students, teachers and researchers of Chinese business and economics, along with Chinese culture and expanding economies.

Southeast Asian Personalities of Chinese Descent

Author : Leo Suryadinata
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9814345210
Total Pages : 1611 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Southeast Asian Personalities of Chinese Descent by : Leo Suryadinata

Download or read book Southeast Asian Personalities of Chinese Descent written by Leo Suryadinata and published by Institute of Southeast Asian Studies. This book was released on 2012 with total page 1611 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a bold project recording the lives of a particular group of Southeast Asians. Most of the people whose biographies are included here have settled down in the ten countries that constitute the region. Each of them has either self-identified as Chinese or is comfortable to be known as someone of Chinese ancestry. There are also those who were born in China or elsewhere who came here to work and do business, including seeking help from others who have ethnic Chinese connections. With the political and economic conditions of the region in a great state of flux for the past two centuries, it is impossible to find consistency in the naming process. Confucius had stressed that correct names make for the best relationships. In this case, Professor Leo Suryadinata has been pursuing for decades the elusive goal of finding the right name to give to the large numbers of people who have, in one way or another, made their homes in, or made some difference to, Southeast Asia. I believe that, when he and his colleagues selected the biographies to be included here, they have taken a big step towards the rectification of identities for many leading personalities. In so doing, he has done us all a great service." - Professor Wang Gungwu, National University of Singapore

The Entrepreneur’s Choice

Author : C. Gopalkrishnan
Publisher : Routledge
ISBN 13 : 1134906595
Total Pages : 326 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis The Entrepreneur’s Choice by : C. Gopalkrishnan

Download or read book The Entrepreneur’s Choice written by C. Gopalkrishnan and published by Routledge. This book was released on 2016-04-08 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Micro, small and medium enterprises (MSMEs) are integral to the economic policy framework of India, and promote innovation, competition and equitable economic development. Comprehensively examining the management of family businesses among MSMEs, this book: • discusses business strategy, corporate and personal values, vision, mission, stakeholder expectations, and strategic response to external factors along with their social and environmental orientation; • includes 22 case studies drawn from varied sectors such as pharmaceuticals, food processing, engineering, and blood banking; • documents rich experiences of Indian entrepreneurs and their unique entrepreneurial approaches towards management of social enterprises, loss-making firms in the public sector, corporate social responsibility, succession planning, and innovation. The book will prove essential to students and scholars of business, entrepreneurship and management, and entrepreneurs and managers working in MSMEs, especially young entrepreneurs as well as the general reader.

Catalyst For Change: Chinese Business In Asia

Author : Hoon Chang Yau
Publisher : World Scientific Publishing Company
ISBN 13 : 9814452432
Total Pages : 507 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Catalyst For Change: Chinese Business In Asia by : Hoon Chang Yau

Download or read book Catalyst For Change: Chinese Business In Asia written by Hoon Chang Yau and published by World Scientific Publishing Company. This book was released on 2013-09-06 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves as a textbook for courses on Asian studies with a focus on ethnic Chinese entrepreneurs and business management in Asia. It provides a comprehensive Asian perspective on the organizational peculiarities and changing business practices of ethnic Chinese businesses and their leaders who continue to form the backbone of Asia's dynamic economies. The book features selected chapters written by reputable scholars on Chinese business, covering diverse and yet closely related topics such as the role of ethnic identity, trust, guanxi, Chineseness, leadership, change management, learning and knowledge management in organizations owned and managed by ethnic Chinese.

Hyperthematics

Author : Marc M. Anderson
Publisher : SUNY Press
ISBN 13 : 1438475330
Total Pages : 526 pages
Book Rating : 4.4/5 (384 download)

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Book Synopsis Hyperthematics by : Marc M. Anderson

Download or read book Hyperthematics written by Marc M. Anderson and published by SUNY Press. This book was released on 2019-08-01 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a new and unique method for developing principles to be applied in creating and increasing value. In this innovative work, Marc M. Anderson presents an account of value and value creation, which both defines value and introduces a method to manipulate value practically. Using this new methodology, Anderson first explores where value lies in experience, both human and otherwise, uncovering tendencies in human action and the natural world that create and destroy value. From that analysis, he generates practical principles to be applied in creating value in any region or discipline of human experience, at any scale, including corporate organization and product design, economics, the sciences, the arts, urban and architectural design, and sustainable development. He tests this methodology by focusing on the organization and production of commercial corporations in particular, suggesting ways to rethink and transform organization, product creation, and the contemporary currency system. He considers the implications for the many intersections of corporate production with human life, from urban planning, medicine, and food production to pornography, weaponry, and environmental engagement, with corresponding suggestions for transformation toward value. Throughout, Hyperthematics examines complexity, the nature of objects, the inevitable future intermingling of science and ethics, and assumptions driving the contemporary culture wars.

Wealth Doesn't Last 3 Generations

Author : Dr. Jean Lee
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis Wealth Doesn't Last 3 Generations by : Dr. Jean Lee

Download or read book Wealth Doesn't Last 3 Generations written by Dr. Jean Lee and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Wealthy Gardener

Author : John Soforic
Publisher : Penguin
ISBN 13 : 0593189744
Total Pages : 434 pages
Book Rating : 4.5/5 (931 download)

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Book Synopsis The Wealthy Gardener by : John Soforic

Download or read book The Wealthy Gardener written by John Soforic and published by Penguin. This book was released on 2020-02-25 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: A heartwarming series of stories and practical wisdom on entrepreneurship and wealth in the vein of Rich Dad, Poor Dad, written by a financially independent father for his ambitious son. Soon after he opened his vineyard for business many years ago, the Wealthy Gardener noticed a puzzling fact. Everyone wanted money, but only a few people managed to accumulate it. The reason, he realized, is that most people focus on short term gains instead of achieving lasting wealth. As he grew old and aware of his dwindling time on this Earth, the Wealthy Gardener began to share his hard-earned wisdom with the financially troubled in his community, patiently mentoring those who asked for his practical advice on the ways of prosperity. The parable of the Wealthy Gardener is far more than an admonishment to earn more or spend less; it is about timeless principles. As his lessons reveal, financial freedom is a means to power and control over our lives. Without money, we are subject to the demands and whims of others. With money, we are sheltered from the storm, and we can extend that shelter to our loved ones. Poised to become an intimate financial classic, The Wealthy Gardener will inspire readers to find their own noble purpose and relieve their money worries once and for all. No matter your income level, skillset, or unique economic disadvantages, the lessons in this book will show you the path forward. All you need is the will to work, the desire to succeed, and the motivation to learn.

Crossroads Of Family Businesses In China: Succession And Transformation

Author : Jean S K Lee
Publisher : World Scientific
ISBN 13 : 9811229422
Total Pages : 375 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Crossroads Of Family Businesses In China: Succession And Transformation by : Jean S K Lee

Download or read book Crossroads Of Family Businesses In China: Succession And Transformation written by Jean S K Lee and published by World Scientific. This book was released on 2021-06-08 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crossroads of Family Businesses in China: Succession and Transformation studies the intergenerational succession in family-owned businesses, specifically in the Chinese mainland. With the succession of family businesses over time, transformation is required as it needs to correspond to the world's development to successfully sustain the company. There is a multitude of factors that play their roles accordingly to perform a prosperous accession.Hence, this book highlights common issues such as the challenges for both succession and transformation of the company, the interest of the second generation, introducing the second generation to the business before fully passing on, family culture and morale, the distinction between wealth inheritance and business succession, the unorthodox tradition of mother-to-daughter succession and opening management to professionals. These topics are substantiated by case studies of Chinese family businesses, such as Neoglory Group, Midea, Red Collar, Fotile and even more. The book offers theories, practices and models for strategic transformations during succession.Readers will be able to enjoy insights into a critical evaluation of the intersection between succession and transformation. They will also discover how the different methods of succession utilized by real-life Chinese family-owned businesses affect the businesses' performance. This book will be their first step in constructing a thought on this topic, while indulging in an incredible learning experience.

Children of Paradise

Author : Lee Hausner
Publisher : IFF Advisors, LLC
ISBN 13 : 0976994801
Total Pages : 285 pages
Book Rating : 4.9/5 (769 download)

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Book Synopsis Children of Paradise by : Lee Hausner

Download or read book Children of Paradise written by Lee Hausner and published by IFF Advisors, LLC. This book was released on 2005-06 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive parenting guide for financially advantaged families. This fresh and updated book offers a clear nine-step program for affluent parents to improve their skills and inspire healthy values in their children. You will learn: How to make the time with your children count. How to motivate your children to develop confidence and competence essential elements of self-esteem. How to listen effectively to your children. How to talk openly and honestly with your children. When to say no and when to create boundaries for your children. How to teach your children the value of money and to prepare them for the responsibilities of wealth. How to create an effective disciplinary plan when problems arise. You will benefit from Dr. Hausners four decades of experience, and you will especially appreciate the humor, clarity, and practical suggestions that will make the challenges of your parenting easier and more effective.