The Family Office: The glue to keep Chinese families together
Evolution in the Family Business Field

The Family Office: The glue to keep Chinese families together

Chinese business families are facing generational transitions, often subject to the curse of “wealth does not go beyond three generations.” In many of these entrepreneurial families, the business itself is a means to keep the entire family together. As the business leadership is passed down from one generation to the next or as the family … Continue reading

The Evolution of the “Hub and Spoke” Model to a “Family Board” Model
Evolution in the Family Business Field

The Evolution of the “Hub and Spoke” Model to a “Family Board” Model

The Hub and Spoke Model Hong Kong has had many well-publicized family business disputes in recent years. One such dispute involves a famous roast goose restaurant in the heart of the Central District called Yung Kee. The successful restaurant was founded in the 1930s by Kam Shui Fai, the family patriarch. His eldest son Kinsen … Continue reading

On the Origin of a Successful Successor
Evolution in the Family Business Field

On the Origin of a Successful Successor

Where do credible, capable, and confident successors come from? In short, they evolve through a series of incremental developments over time. Evolution can be defined as a process by which entities grow or develop from simple to more complex forms. From a family business perspective, the continuing personal and professional development of the next generation … Continue reading

Adapt | <strong>Evolve</strong> | Transform: Part 3
Evolution in the Family Business Field

Adapt | Evolve | Transform: Part 3

Thanks to the contributors to the third issue of a five-part series on the concept of “evolving” in family enterprises and family enterprise advising. Yours in practice, The Practitioner Go here for The Changing Times for Business Families in Asia: The role of family business advisors by Prof. Annie Koh and Esther Kong. Go here for Evolution of Japanese … Continue reading

Changing Times for Business Families in Asia: The role of family business advisors
Evolution in the Family Business Field

Changing Times for Business Families in Asia: The role of family business advisors

Family firms play an integral role in many of Asia’s economies. Unlike their counterparts in the United States and Europe, which have several generations of sustained transitions, the majority of Asian family firms (with the exception of Japan) are relatively young. Many are still predominantly in the midst of transitioning their businesses from either first … Continue reading

The Evolution of Japanese Family Business Governing Principles
Evolution in the Family Business Field

The Evolution of Japanese Family Business Governing Principles

Japan is known as a country of long-lived firms. We have almost 3,937 companies that have been in business for more than 200 years. They are mostly family-owned businesses, which, according to Prof. Toshio Goto of the Japan University of Economics, represents almost 45 % of all the long-lived businesses in the world. One of … Continue reading