Multigenerational Transition in Family Businesses: A New Explanatory Model
基于10个案例研究，提出家族企业传承是一个终身持续的过程，需关注创业精神、自由、价值观等软要素，并强调健全治理是家族发展为王朝的基础。
This article presents an explanatory model for transfer of family businesses to following generations. Our research using 10 case studies shows that transfer of family businesses is a lifelong, continuous process, in which the family must address and foster the soft elements of the transfer process: enterpreneurship, freedom, values, outside experience, upbringing, and education. Furthermore, a business family can develop into a family dynasty only when it embraces sound governance as a fundamental principle; that is, the individual family member belongs to the family, which belongs to the business.