Challenges of inter-generational succession in the Chinese Australian family business

Ye, Jing, Parris, Melissa and Waddell, Dianne 2010, Challenges of inter-generational succession in the Chinese Australian family business, International journal of management practice, vol. 4, no. 3, pp. 234-252.

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Title Challenges of inter-generational succession in the Chinese Australian family business
Author(s) Ye, Jing
Parris, Melissa
Waddell, Dianne
Journal name International journal of management practice
Volume number 4
Issue number 3
Start page 234
End page 252
Total pages 19
Publisher Inderscience Publishers
Place of publication Olney, England
Publication date 2010
ISSN 1477-9064
1741-8143
Keyword(s) inter-generational succession
ethnic businesses
Chinese Australians
management practice
management succession
Summary Chinese immigrants have long been a feature of Australia's population mix and play a critical role in the country's economic activities, with particular contribution by Chinese family-owned businesses. Although these family-owned businesses can generate and significantly improve the financial wealth which stems from the family's original fortune, most Chinese family businesses are relatively short-lived, rarely extending beyond one generation. The high mortality rate in family businesses points primarily to the challenges of management succession. There is recognition that inter-generational succession is essential for both the profitability of Chinese family businesses and the welfare of the family as a whole. However, the intentions of inter-generational pursuit of continuity can be subject to the different goals and interests of key participants, as well as the surrounding context in which the business develops. This paper presents issues pertaining to the inter-generational diversity that might challenge the business continuity of Chinese family businesses, through the identification of how individuals perceive, relate to and initiate the succession process.
Notes This paper was also presented at IFERA @ China Family Business Forum (2010 : Beijing, China) on 13-15 January 2010.
Language eng
Field of Research 150312 Organisational Planning and Management
Socio Economic Objective 959999 Cultural Understanding not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2010
Copyright notice ©2004-2010, Inderscience Enterprises Limited. All rights reserved.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30031342

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