The Dragon Network: Inside Stories of the Most Successful Chinese Family Businesses [NOOK Book]

Overview

The majority of Chinese businesses, both on the mainland and overseas, are family owned. This is due in part to a strong cultural belief in the family and its importance in various aspects of life, including business. By virtue of being innovative, flexible, networked, entrepreneurial, and efficient, Chinese family businesses have continued to prosper over the years and this has led to a great deal of interest in how they actually function.

Written by A. B. Susanto—a notable ...

See more details below
The Dragon Network: Inside Stories of the Most Successful Chinese Family Businesses

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

NOOK Book (eBook)
$25.99
BN.com price
(Save 42%)$45.00 List Price
Note: This NOOK Book can be purchased in bulk. Please email us for more information.

Overview

The majority of Chinese businesses, both on the mainland and overseas, are family owned. This is due in part to a strong cultural belief in the family and its importance in various aspects of life, including business. By virtue of being innovative, flexible, networked, entrepreneurial, and efficient, Chinese family businesses have continued to prosper over the years and this has led to a great deal of interest in how they actually function.

Written by A. B. Susanto—a notable family business practitioner and Chairman of The Jakarta Consulting Group—with the help of Patricia Susanto, The Dragon Network sheds some much needed light on this subject.

Focusing on overseas Chinese family businesses, including those operating out of Southeast Asia, the authors offer an in-depth look at how these businesses are structured; which traditional Chinese values influence their family business practices; as well as how family relationships affect business management. Along the way, they also address the various challenges facing Chinese family businesses in today's rapidly changing environment, and explore what they are doing to survive and thrive for generations to come.

Engaging and informative, The Dragon Network uses real-world cases to highlight many of the issues discussed. For example, through the story of the Indonesian herbal company Nyonya Meneer, you'll gain valuable insights into how bitter family conflicts, that could potentially destroy a company, are managed. You'll also discover the essential role that wives play in Chinese family businesses through Lee Kim Hua—the matriarch of Genting Group, a conglomerate from Malaysia specializing in tourism, resorts, gaming, power generation, oil, and gas. Other topics covered that are integral to Chinese family business success include management style and leadership, succession planning and development, and dealing with risk.

Based on solid research and filled with informative examples, The Dragon Network offers a rare look at how Chinese family businesses have operated so effectively for so long and reveals what it will take for them to continue to do so moving forward.

Read More Show Less

Product Details

  • ISBN-13: 9781118339404
  • Publisher: Wiley
  • Publication date: 1/24/2013
  • Series: Bloomberg
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 250
  • File size: 2 MB

Meet the Author

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.

Read More Show Less

Table of Contents

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

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)