Scanteak: The Making of Successors in a Family Firm (B)
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.
Published by：China Europe International Business School