This case study examines the succession of Chinese family business in Hong Kong, drawing upon theories of the firm. More specifically, it utilizes capabilities theories, property rights economics and Neo-Confucianism ...This case study examines the succession of Chinese family business in Hong Kong, drawing upon theories of the firm. More specifically, it utilizes capabilities theories, property rights economics and Neo-Confucianism to understand management disputes and infighting among the members in a Chinese family business in Hong Kong. This paper will argue that the founder of a Chinese business firm in Hong Kong is able to lead his or her offspring to create a dynamic enterprise via charismatic leadership and family rules embedded in traditional Chinese values. However, these two strategic assets disappear following the passing away of the founder as well as the emergence of new social values. When the founder passes on the enterprise to his or her offspring using more or less the equal inheritance system, the traditional Chinese value is unable to enforce the leader＇s will to consolidate the strengths of the second generation family members to maintain the founder＇s business. Furthermore, when the business is owned by all family members, property rights of the firm become unclear. Without effective enforcement of traditional Chinese values and with collective ownership rights, some family members will have the incentive to capture the economic rent that is shared by all members. In other words, some family members behave opportunistically or even cheat in order to capture economic gains in the public domain. High monitoring and enforcement costs in the form of court battle and endless disputes will occur. Rent dissipation occurs in the form of deterioration of the quality of the family business. This casestudy is based on Yung Kee, an intemationally well-known roast goose restaurant in Hong Kong as an illustration.展开更多
ZTE’s cost-effective GSM solutions provide world class service to over 70 million subscribers in more than 30 countries,and have helped us build strong partnerships with 12 of the world’s top thirty telecoms operators.
A SWOT analysis is the method to evaluate the internal weaknesses and strengths of an organization as well as evaluating the threats and opportunities of its external environment.This is considered as an effective fra...A SWOT analysis is the method to evaluate the internal weaknesses and strengths of an organization as well as evaluating the threats and opportunities of its external environment.This is considered as an effective framework to plan and manage the organizational resources to achieve certain goals in a specific period of time.The purpose of implementing SWOT analysis in an organization is to formulate the strategy of a business based on existing internal and external factors.There may be several disadvantages associated with running a SWOT analysis;however,its efficiency in determining the future strategy of a business is more indeed.Although the origin of SWOT analysis is uncertain,there is a long historical background about its uses to facilitate the decision-making process in every complex environment.The final result of a SWOT analysis can be presented in a matrix which is a combination of the four factors and determines strengths and weaknesses that a company involves,with opportunities and threats that it may face.This article provides a study of SWOT analysis basics and provides several practical insights of steps to provide a SWOT matrix.展开更多
Beijing Global Trade Center(GTC)enjoys a privileged location on the southeast of Anzhen Bridge,which is surrounded by business areas around CBD,Lufthansa Center,Financial Street,Zhongguancun(China’s Silicone Valley)a...Beijing Global Trade Center(GTC)enjoys a privileged location on the southeast of Anzhen Bridge,which is surrounded by business areas around CBD,Lufthansa Center,Financial Street,Zhongguancun(China’s Silicone Valley)and the Asian Games Center.It brings together many resource advantages and carries unlimited business opportunities.As an integration of six grade-A intelligent office buildings,one international five-star hotel and serviced apartment buildings,GTC bears multiple business functions and its international standards are devoted to the service of international business elites.The six- office buildings are finely divided and majestically designed.All the six buildings are covered by exterior glass,which is Pilkington Arctic Blue imported from展开更多
文摘This case study examines the succession of Chinese family business in Hong Kong, drawing upon theories of the firm. More specifically, it utilizes capabilities theories, property rights economics and Neo-Confucianism to understand management disputes and infighting among the members in a Chinese family business in Hong Kong. This paper will argue that the founder of a Chinese business firm in Hong Kong is able to lead his or her offspring to create a dynamic enterprise via charismatic leadership and family rules embedded in traditional Chinese values. However, these two strategic assets disappear following the passing away of the founder as well as the emergence of new social values. When the founder passes on the enterprise to his or her offspring using more or less the equal inheritance system, the traditional Chinese value is unable to enforce the leader＇s will to consolidate the strengths of the second generation family members to maintain the founder＇s business. Furthermore, when the business is owned by all family members, property rights of the firm become unclear. Without effective enforcement of traditional Chinese values and with collective ownership rights, some family members will have the incentive to capture the economic rent that is shared by all members. In other words, some family members behave opportunistically or even cheat in order to capture economic gains in the public domain. High monitoring and enforcement costs in the form of court battle and endless disputes will occur. Rent dissipation occurs in the form of deterioration of the quality of the family business. This casestudy is based on Yung Kee, an intemationally well-known roast goose restaurant in Hong Kong as an illustration.
文摘ZTE’s cost-effective GSM solutions provide world class service to over 70 million subscribers in more than 30 countries,and have helped us build strong partnerships with 12 of the world’s top thirty telecoms operators.
文摘A SWOT analysis is the method to evaluate the internal weaknesses and strengths of an organization as well as evaluating the threats and opportunities of its external environment.This is considered as an effective framework to plan and manage the organizational resources to achieve certain goals in a specific period of time.The purpose of implementing SWOT analysis in an organization is to formulate the strategy of a business based on existing internal and external factors.There may be several disadvantages associated with running a SWOT analysis;however,its efficiency in determining the future strategy of a business is more indeed.Although the origin of SWOT analysis is uncertain,there is a long historical background about its uses to facilitate the decision-making process in every complex environment.The final result of a SWOT analysis can be presented in a matrix which is a combination of the four factors and determines strengths and weaknesses that a company involves,with opportunities and threats that it may face.This article provides a study of SWOT analysis basics and provides several practical insights of steps to provide a SWOT matrix.
文摘Beijing Global Trade Center(GTC)enjoys a privileged location on the southeast of Anzhen Bridge,which is surrounded by business areas around CBD,Lufthansa Center,Financial Street,Zhongguancun(China’s Silicone Valley)and the Asian Games Center.It brings together many resource advantages and carries unlimited business opportunities.As an integration of six grade-A intelligent office buildings,one international five-star hotel and serviced apartment buildings,GTC bears multiple business functions and its international standards are devoted to the service of international business elites.The six- office buildings are finely divided and majestically designed.All the six buildings are covered by exterior glass,which is Pilkington Arctic Blue imported from
