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

journal contribution
posted on 2010-01-01, 00:00 authored by Jing Ye, Melissa ParrisMelissa Parris, Dianne Waddell
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.

History

Journal

International journal of management practice

Volume

4

Issue

3

Pagination

234 - 252

Publisher

Inderscience Publishers

Location

Olney, England

ISSN

1477-9064

eISSN

1741-8143

Language

eng

Notes

This paper was also presented at IFERA @ China Family Business Forum (2010 : Beijing, China) on 13-15 January 2010.

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2004-2010, Inderscience Enterprises Limited. All rights reserved.

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