Crisis Point: The Response of Family Businesses

Today, crisis management is a crucial aspect of corporate governance, particularly for Chinese family businesses. These businesses often grapple with intricate personnel dynamics, complex organizational structures, and cumbersome regulations alongside substantial assets, inertia, and inheritance-related disputes. In times of crisis, the focus must shift from individual wealth and prestige to the shared destiny of the family and the business. Mobilizing collective unity to navigate crises becomes paramount. This book features nine research articles examining case studies of prominent family businesses such as Hang Seng Bank, Bank of East Asia, Li & Fung Group, Ho Tung family, Taiwan Koo Chen-fu family, Pou Chen Group, Macau's Zheng Guoying, Lu Jiu, and British-owned Jardine Matheson and Swire Pacific. The studies delve into how these businesses navigate trust, succession, strategic, organizational, market, and financial crises, aiming to offer insights for the sustainable development of Chinese family businesses.