With 175 family businesses on the Fortune 500 list, from DuPont and Motorola to IBM, there is no doubt that family-run enterprises play an important role in global economic development. Their role is no less significant in China where, in keeping with the country's rapid economic growth, family businesses are emerging in increasing numbers.
Unique characteristics, such as succession, management, staffing, family affairs, strategy planning and governance structure, set family businesses apart from other business types. As a result, they face particular challenges in survival and sustainability.
In this book, three modern Chinese family businesses, including food and beverage company Yeo Hiap Seng, are studied to analyze the problems that family enterprises face. Other case studies include long-standing family businesses in Europe, America and Asia, such as Ford, Kikkoman and Samsung. This book also discusses the changing characteristics of Chinese family businesses, the pitfalls that such enterprises are likely to face, and how they can overcome these pitfalls and achieve sustainable development.
An experimental study of 52 self managing teams examines how individual’s dispositional trait—— core self evaluations (CSES) affects the leadership emergence and appraisal of leadership. Results show that CSES, positively relates to leadership emergence, and this correlation is not moderated by either task type or goal type but mediated by team process. And the effect of leadership emergence behaivor on the appraisal of leadership is mediated by voice behavior. The study provides empirical support for the dispositional base of leadership and explores the process of this dispositional effect.