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When the younger generation takes over - Singaporean Chinese family businesses in change
Die nächste Generation übernimmt das Ruder - Singapurs chinesische Familienbetriebe im Wandel
[journal article]
Abstract "In line with developments in Southeast Asia, Singapore's society and economy are undergoing rapid changes. This article focuses on how Singaporean Chinese family businesses cope with the challenges of change. I shall begin with an outline of the common characteristics of Chinese family businesses, ... view more
"In line with developments in Southeast Asia, Singapore's society and economy are undergoing rapid changes. This article focuses on how Singaporean Chinese family businesses cope with the challenges of change. I shall begin with an outline of the common characteristics of Chinese family businesses, their evolution, development and change. Based on an intensive study of eight Chinese family businesses in Singapore, I illustrate the changes experienced, ranging from technological, personal, and organisational to managerial, including also changes in marketing strategies. A great number of external and internal factors of change exist, which partly overlap and influence each other. Nevertheless, there is consistency in my findings which show that different upbringings, educational backgrounds, and modes of socialization of the younger generation in the booming economy of modern Singapore are of major relevance for change when inter-generational transfer of ownership takes place." (author's abstract)... view less
Keywords
family business; Singapore; economic change; junior staff; Intergenerational relations; Southeast Asia; Asia
Classification
Sociology of Economics
Method
descriptive study; empirical; qualitative empirical
Document language
English
Publication Year
2004
Page/Pages
p. 101-131
Journal
Internationales Asienforum, 35 (2004) 1-2
ISSN
0020-9449
Status
Postprint; peer reviewed
Licence
Creative Commons - Attribution