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More About This Title THE DRAGON NETWORK: INSIDE STORIES OF THE MOST SUCCESSFUL CHINESE FAMILY BUSINESSES
English
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 futureReveals that flexibility, ability to adapt to changing business environments, and resilience contribute to the success of many overseas Chinese family businessesOffers illustrative examples of successful family businesses from Malaysia, Indonesia, The Philippines, and ChinaBased in solid research and filled with illustrative examples, The Dragon Network offers an inside look at how family businesses succeed and thrive in Asia.
English
A.B. Susanto serves as Chairman of The Jakarta Consulting Group, a leading management consultant firm in Indonesia. He is also known as one of the foremost family business consultants in Indonesia. Susanto is Dean of the Faculty of Economics at President University in Indonesia. He obtained his bachelor's degree and master's degree from the University of Indonesia and his doctorate degree from the University of Düsseldorf, Germany.
PATRICIA SUSANTO is the current CEO of the The Jakarta Consulting Group. She graduated with a bachelor's degree from the University of Southern California in 1999 and continues her studies in psychology and human resources at the University of Indonesia and Griffith University, Australia. For the past ten years, she has taken an active interest in family business studies and research. As part of The Jakarta Consulting Group, Susanto has been involved in developing governance for family business in Indonesia.
English
Acknowledgments ix
Introduction xi
Chapter 1 Revealing Fast-Growing Overseas Chinese Family Businesses 1
Assimilation 3
Discrimination 4
Background of the Overseas Chinese Family Business (OCFB) 5
Overseas Chinese Family Businesses in Southeast Asia 6
Overseas Chinese Family Businesses in Other Regions 18
Chapter 2 How Do Chinese Values Support Business Values? 21
The Role of the Family in Chinese Culture 22
Confucian Values 23
Filial Piety 24
Guanxi 25
Characteristics of Chinese Family Businesses 26
Challenges Facing Overseas Chinese Family Businesses 41
Chapter 3 Combining Modern Management and Chinese Traditional Values 45
Family Businesses around the World: An Overview 45
Family Businesses: The Strengths 47
Family Businesses: The Weaknesses 49
Modernizing Overseas Chinese Family Businesses 51
Chapter 4 Anatomy of Conflict Management 67
The Story of Nyonya Meneer 68
The Story of Yeo Hiap Seng (YHS) 73
The Origins of Conflicts in Overseas Chinese Family Businesses 78
Conflict Management 84
Chapter 5 The Succession Conundrums 91
Succession Planning Conundrums 92
Succession in Overseas Chinese Family Businesses: Influence of Confucian Values 96
Preparing the Next Generation of Leaders in Overseas Chinese Family Businesses 100
The Next Generations: Dealing with Challenges 105
Chapter 6 The Role of the Wife in Overseas Chinese Family Businesses 115
Wife as the Balance of the Husband 117
Wife as Complement and Driver 119
Wife as the Secretary 120
Wife as the Most Important Figure Following Her Husband’s Death 121
The Role of a Wife: A Breaker or a Binder? 122
Chapter 7 Leadership Styles of Overseas Chinese Family Businesses 125
From Dictatorship to Democracy 126
Yearning for a Patriarch 131
Chapter 8 The Importance of Social Organization in Chinese Family Businesses 135
Evolution of the Bamboo Network 135
Founder’s Activities for Retirement 141
Chapter 9 Dealing with Risk 147
How Do Chinese Family Businesses Deal with Risk? 148
Risk Attitude among Younger Generations in Chinese Family Businesses 152
Chapter 10 Issues on Sustainability in Family Businesses 155
Phases of Growth in a Family Business 155
Challenges in Maintaining Sustainability 157
Chapter 11 Suggestions for Developing Chinese Family Businesses 169
Implementing Corporate Governance 170
Creating a New Business Paradigm, Strategy, Structure, and System 172
Enhancing Education and Competence for Family Members 174
Recruiting Non-Family Executive Professional Managers 175
Analyzing Corporate Life Cycle 177
Promoting Fair Remuneration and Equal Treatment among Members 178
Influencing with the Right Leadership 179
Reformulating Strategy and Renewing Business 180
Promoting Ethical Behavior 181
Promoting Corporate Social Responsibility 183
Developing Estate Planning 185
Chapter 12 The Future of Overseas Chinese Family Businesses: Toward a More Global Management Style 189
About the Authors 195
Bibliography 197
Index 203
