Family Enterprise Case Study

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American scholar Colin Geikelsi believes that a judgment of whether the enterprise is a family business, not to see whether the enterprise with the family name, or whether there are several relatives in the top leadership of the enterprise, but to see whether there is a family owned, general who owns stocks and have many. This definition emphasizes the ownership of enterprises. Scholars Sun Zhiben will have the right to operate the enterprise as the essential characteristics of family business. He believes that the family enterprise rights as the core, when a family or a few have close contact the family directly or indirectly acquire a right of the operation of enterprises, the enterprises is the family business. As the most common form of …show more content…
Colin Gaierxike, an American scholar, argues that even the most conservative estimates suggest that households owned or operated by companies in the world accounted for between 65% and 80%. 500 of the world's top 40% companies are owned or operated by the family". It can be seen that both the developed countries in Europe and the United States and the developing countries in East Asia have played an important role in the national economy. Especially in our country economic development is not balanced, the employment pressure, the development of family enterprises in the private economy, to solve the employment pressure, improve the level of national welfare, has extremely important practical significance. Therefore, from this point of view, the study of family business is a very meaningful …show more content…
He has been named one of the nation's 12 most outstanding immigrants, and was listed as the Edison's greatest inventor after the sixty-ninth. Wang An had 2 billion dollars worth of Chinese in the United States ranked the richest man, and is one of the famous DuPont, Ford, Rockefeller, the nation's ten richest. Wang An computer company heyday in 1986, the number of employees more than 30 thousand, turnover amounted to $3 billion, and the computer giant IBM strength can meet as equals.Wang An political philosophy, is also reflected in the later content with staying where one is. Wang later lost the initiative, judgment tends to slow, make the PC machine is not compatible with the IBM, the wrong decision, is one of the important reasons leading to its decline. But Wang An is not a storm, but firmly hold the power company on. The choice of the company's successor, Wang An not only failed to adopt the occupation manager system of modern enterprises, but to uphold the traditional idea of "narrow male female", in spite of many directors and subordinates oppose the reins to the eldest son of Wang Lie is not good at business, resulting in the company's financial situation deteriorated sharply, from at the end of 1986, Wang Lie office to 1988, in just one year on the loss of more than 400 million

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