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The life cycle of an Asian family business : How to create a meaningful family legacy            Manila, 3 February 2010  ...
The voice of Generation 1:• “I am thinking about whether my son is good   enough to succeed me in running the business”   ...
Power in G1  • Control in the family system• Control of ownership• Control of the Board• Control of management• Great flex...
The voice of Generation 1: • “I have listened to many people … and now I   have made up my own mind.  I have decided   wha...
The voice of Generation 2:• “We meet with my father every Sunday for a   family lunch and we talk about the business…   on...
Life cycle of the Chinese                Family Firm  Emergent       CentralizedDisintegrative   Segmented                ...
In Generation 2:•   Are you a Steward ? or•   Are you an Inheritor?•   How about your siblings?•   Can you have “Adult – A...
“Adult – Adult”                        conversations• “…Every cell in the human body is replaced   over the course of a pe...
“Form should follow      function”                       9
From G 2 to G3:• “…my son has just finished his studies ... I   think he should come and work for me now”                 ...
The voice of Generation 3:• “…when you join the family business you want   to have some picture of what it can offer you, ...
The voice of Generation 3:• “…Because you are a family member people   will always think you were promoted because   of ne...
Healthy Family = Healthy         Business                        13
For more information, including articles to download,     and videos to watch, please visit our web site at     www.family...
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Life cycle of the Asian Family Business

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Family business in Asia

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Life cycle of the Asian Family Business

  1. 1. The life cycle of an Asian family business : How to create a meaningful family legacy Manila, 3 February 2010 Christian Stewart
  2. 2. The voice of Generation 1:• “I am thinking about whether my son is good  enough to succeed me in running the business”  2
  3. 3. Power in G1  • Control in the family system• Control of ownership• Control of the Board• Control of management• Great flexibility• Centralized decision making  3
  4. 4. The voice of Generation 1: • “I have listened to many people … and now I  have made up my own mind.  I have decided  what to do”  4
  5. 5. The voice of Generation 2:• “We meet with my father every Sunday for a  family lunch and we talk about the business…  on the other hand it is difficult for us to talk  about the future with him.” 5
  6. 6. Life cycle of the Chinese  Family Firm Emergent CentralizedDisintegrative Segmented 6
  7. 7. In Generation 2:• Are you a Steward ? or• Are you an Inheritor?• How about your siblings?• Can you have “Adult – Adult” conversations about this? 7
  8. 8. “Adult – Adult”  conversations• “…Every cell in the human body is replaced  over the course of a period of roughly seven  years….” 8
  9. 9. “Form should follow  function” 9
  10. 10. From G 2 to G3:• “…my son has just finished his studies ... I  think he should come and work for me now”  10
  11. 11. The voice of Generation 3:• “…when you join the family business you want  to have some picture of what it can offer you,  and where you can go….”  11
  12. 12. The voice of Generation 3:• “…Because you are a family member people  will always think you were promoted because  of nepotism rather than your own merit….”  12
  13. 13. Healthy Family = Healthy  Business 13
  14. 14. For more information, including articles to download, and videos to watch, please visit our web site at www.familylegacyasia.com Family Legacy Asia (HK) Limited Contact: Christian Stewart Email: cstewart@familylegacyasia.com URL: www.familylegacyasia.com Office: (852) 2369 3309 Fax: (852) 2369 3613 Unit A, 9th Floor 1 Chatham Road South Tsim Sha Tsui Kowloon, Hong Kong14

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