FamilyBusiness---CaseAnalysisandEnlightenmenttoChinaGoodafternoon,Ladiesandgentlemen.Todaywewillpresentthetopicoffamilybusinesstoyou.Firstofall,pleaseallowmetointroducemyteammatestoyou.MynameisLiXingyun,Iamthecaptainofourteam.Ourteamconsistsoffourhandsomeboys.ThefirstoneisShiLi,thesecondoneisLiDingming,andthelastoneisZhangWenzuo.IntroductionofFamilyBusinessNowletmebeginourtoday’spresentation.Firstiwillexplainthedefinitionoffamilybusinessandthereasonswhysomefamilyenterprisescansurviveforagesandsomebecameextinctsoon.Firstofall,Iwillgiveyouabriefintroductionoffamilybusiness;includeitsdefinitionandtheposition.Moreover,IwillintroducethesituationofthedevelopmentoffamilybusinessinChinaandtheUSA.Thereareseveraldefinitionsoffamilybusiness.Oneisthatfamilybusinessisthatinaenterprisethefoundersandthecopartnersownmostofthestockrightsandtheykeepacloserelationshipwithprofessionalmanagersandkeeptherighttomanagetopcompanymanagers.KelinE.Gersick,Americanscholar,assumesthattoJudgethatwhetheracompanyisafamilybusinessornot,isnotbasedontheenterprisewiththefamilytonaming,ortheyhaveseveralrelativesintheenterprise'stallestleadershipinstitution,butaccordingtoafamilyownershipgenerallyonthebasisofwhoowningthestockandthestockmagnitude.Thisdefinitionhighlightstheownershipoftheenterprise.ScholarSunzhibenregardstheenterprisemanagementrightastheessentialcharacteristicsoffamilybusiness.Hemaintainsthatfamilyenterprisesshouldkeepthemanagementasthecore,andthisisjustafamilybusinesswhenonefamilyorseveralfamilieswhichhavecloseconnectionmasterdirectlyorindirectlyoneenterprisemanagement.Astheworld'smostcommonmeaningofenterpriseorganizationform,thefamilybusinessintheworldeconomyhasapivotalposition.Everycountryintheworld,regardlessofdevelopedanddeveloping,Familyenterprisesareinstronggrowthandthedevelopment.KelinE.Gersickacknowledgesthatfamilyowningormanagingenterprisesaccountforbetween65%and80%intheworldenterpriseespeciallythemostconservativeestimate.Inthefortune500enterprisesworld-widethereis40percentownedormanagedbyfamily.FamilybusinesshasbecomeasignificantforceinChineseeconomicfield.InChinafamilybusinessaccountsformorethan95percentsofChineseenterprises.EnterprisemasteragedistributionInChinafamilyenterprisefocuson20to49years,ofwhich30~49yearsoldaccountedfor74%,50yearsoldaccountedforonly5.5%.TheUnitedStatesbusinessowner’smedianageis54yearsold,29.3%businessownersovertheageof60years,41yearsoldofthefollowingaccountsforonly11.2%.EnterprisemasterdegreedistributionInChinaeducationoftheowneroffamilyenterprisesfocusedonhighschoolandtechnicalsecondaryschool(41.9%)andUniversity(33.5%),masteronlyaccountedfor3.2%.Thefamilybusinessownersandexecutivesintheuniversityeducationamountsto47.8%,postgraduateeducationaccountedfor20.8%inUSA,isseveraltimesthanthatinChina.EnterprisemasterfamilycompositionFamily-runshopandfather-sonfactoryisthecommonformoffamilyenterpriseinChina.Thefamilybusinessownersinthebloodoradoptiverelationshipaccountfor79.8%,affinityrelationshipaccountfor13.9%infamilyenterpriseoftheUSA.FamilyenterpriselifecycleFamilyenterprisescanbesaidtobeanancientand“transient"ofenterpriseorganizationform.Sayingitisancient,becauseitistheformofanenterprisewithalonghistory.Sayingit“transient",becauseofthefamilybusinessinlifecycle,whichhaddevelopedsofar,hasa"rich,butthreegenerations”sustainablerule.Accordingtoafamilyenterprise...
