Scanteak: The Making of Successors in a Family Firm (B)

• Lee, Jean S. K. 
• Zhao, Liman 
• Lu, Yunting 

Abstract

Following　the　decision　point　at　the　end　of　case　A,　this　case　starts　by　revealing　that　Scanteak＇s　founders,　Pok　Chin　Lim　and　his　wife,　Catherine　Foo,　allowed　their　second　child,　Julian　Lim,　to　do　what　he　wished　in　2010.　Julian　took　over　the　Japanese　market　of　Scanteak,　got　to　know　his　employees　there,　and　tried　to　improve　the　management　structure　in　the　first　year.　In　a　massive　earthquake　in　2011,　Julian＇s　care　for　his　employees　helped　him　establish　great　prestige　in　Scanteak　Japan.　By　March　2017,　Scanteak　Japan　had　made　great　progress　under　Julian＇s　leadership.　Working　together,　the　Lim　family　had　made　Scanteak　a　success　in　Singapore,　Taiwan,　Japan,　and　other　international　markets.　Yet　this　family　business　still　faced　several　critical　questions　to　solve,　especially　how　to　transfer　the　management　rights　and　family　wealth　from　the　first　generation　to　the　second　generation.

Keyword

• conflict management
• different generations
• Family Business
• family wealth
• Succession

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