asian case study Essay

Words: 1557
Pages: 7
Open Document
Sika Nsiah-Poku
INTB 1203
Case 5: Family Business Succession in Asia (Richard Ivey School of Business)
Characteristics of a typical Asian Family firm.
The Wang Group exhibits many characteristics of a typical Asian family firm. Their kinship relationship, succession plan, business continuity and family members hire are all similar. The Wang Group is first and foremost a family-owned business group, which has been active for four generations who carried the business tradition to the next generation. Therefore, the management of the Wang Group is cultured by the family dominance. The internal network of the firm consists of family members who work in the top positions of the company. This is exhibited by the positioning of Wang family …show more content…
Wang and the outside management team he brought in could not agree on the firm’s mission and business strategy in the end (Family business succession in Asia).
How can the Wang Group become a sustainable family firm? The biggest advantage a family firm has is their commitment to the growth of the firm. The best way to make the Wang Group a sustainable firm is to differentiate between ownership and professional management and clarify this to the firm. They should also embed the culture and values their ancestors built the firm on. From the beginning Charles Wang should have made his employees privy to his ideas of environmental adaptation and why change was necessary in the firm. His idea to bring in the “integrators” failed because his “old guard” employees who were accustomed to working within a flexible and centralized organization were unwilling to change and see things from a long-term management perspective. Charles Wang must first draw a line between ownership and professional management not just for him to understand the benefits but also for all the workers family and non-family to see why this is necessary and beneficial. This will ensure internal clarity and prevent conflicts. One of the firm’s core values was their belief in constant change. This however is not shown in the actions of the Wang Group members, as they want things to remain the way it was. Values much like this one is what has kept the firm thriving through the past
Show More

Related Documents: asian case study Essay

Asian Americans in the Workplace Essay example

Asian Americans in the Workplace An In-Depth Analysis of Korean Americans 11/19/2007 Table of Contents Introduction 3 History of Korean Immigration to the United States 4 Values and Customs 10 Demographical Profile 16 The ‘Bamboo Ceiling’: Barriers in the Workplace 22 A Personal Interview: A Different Side to the Story 26 Conclusion 27 References 28 Introduction The term “Asian American” has a rich history in the United States. It refers to a person of Asian ancestry…

Words 7175 - Pages 29

Essay on Sealed Air Taiwan Case Analysis

time to see the situation through a Taiwanese employee’s eyes but are just contorting to their own cultural beliefs about what a good leader looks like. Huang posses all of the necessary attributes of what is needed out of a leader, especially in an Asian culture. If Sealed Air still does not think he fits the mold of a sales manager they could request that he take a few leadership or motivational classes. Without the classes Huang would be an appropriate leader but with the classes Huang could be…

Words 1486 - Pages 6

Managing In Latin Americ Common Issues And A Research Agenda

business environment and detect research opportunities. For that, we focus on four aspects of the region: (1) the institutional context, (2) the macroeconomic environment, (3) the consumer profile, and (4) the natural resource endowments. We summarize firms’ strategic choices that result from this context and analyze their consequences for new business creation, incumbents’ survival and growth, and sources of competitive advantages. We conclude by outlining a management research agenda. L atin America…

Words 9928 - Pages 40

Enterprenuer Notes Essay

start their own business Answer: A Diff: 2 Page Ref: 9 Topic: Introduction to Entrepreneurship AACSB: Reflective Thinking Objective: Describe the role of entrepreneurs and small business 12) According to the textbook, the four characteristics of successful entrepreneurs are: A) passion for the business, on the cutting edge of technological change, very charismatic, and tenacity despite failure B) young and energetic, passion for the business, product/customer focus, and seeks recognition…

Words 6135 - Pages 25

The Changes of China's Hrm Essays

China introduced ‘Open Door Policy’ in 1978. Since then China has begun the Chinese Economic Reforms (CERs). It has demonstrated movement in social and management practices. The extent to which Chinese management has converged to either a Western or Asian Model is to be investigated (Shaw and Marsden, 2001). The purpose of this working paper is to review the literature on the topic of human resource management (HRM) in China, and to seek a specific research area related to the changes of China’s HRM…

Words 6482 - Pages 26

Globalisation: Value Chain and Automotive Industry Essay examples

help explain the limits of build-to-order in the industry, the role of regional and global suppliers, the shifting geography of production and how the characteristics of value chain linkages in the industry favour tight integration and regional production. We describe how industry concentration focuses power in the hands of a few large lead firms and discuss the implications of this for value chain governance and the geography of production. Keywords: globalisation; automotive industry; vehicle…

Words 7130 - Pages 29

Research: Management and International Assignments Essay

has played a key role in filling staffing vacancies, and management and organisational development within MNEs. Despite periodic calls by academics and practitioners for reduced expatriation levels, recent evidence suggests expatriation levels in Asian, European and North American MNEs are increasing (Brewster and Harris, 1999; Dowling, Welch and Schuler, 1999). Further evidence suggests that human resource managers in MNEs may be seeking alternatives to traditional patterns of expatriation, including…

Words 4947 - Pages 20

Essay on Country Notebook Part 1 on The Bahamas

Fahrenheit. Men and women are both expected to provide income and they are treated equally in business. However Men tend to dominate the higher-income and higher status positions. Business customs are similar to the customs of America. Greet with a firm and friendly handshake. Men are expected to wait for a women to offer her hand first and eye contact must be maintained throughout greeting. Business relationships are very important so some of the meeting may be off topic. If business cards are exchanged…

Words 2690 - Pages 11

Essay about The Study of Human Persons Anthropology

study of human persons where it revolves with humans globally and outlines their evolution and cultural expansion from the birth of the world until now. [2] They are concerned in the breakthrough of why and how humans contrast in certain bodily characteristics as well as in their habitual thoughts, experiences, and practices in the ancient times and at this moment. In studying this branch of science, it gives us an initiative about why other people act in a different way, culturally and physically.…

Words 4740 - Pages 19

Staffing: Human Resource Management and Employees Essay

Staffing After an organization's structural design is in place, it needs people with the right skills, knowledge, and abilities to fill in that structure. People are an organization's most important resource, because people either create or undermine an organization's reputation for quality in both products and service. In addition, an organization must respond to change effectively in order to remain competitive. The right staff can carry an organization through a period of change and ensure its…

Words 4923 - Pages 20