Assignment First

  本篇代做論文-家族企業讲了家族企業已經佔據了東亞大陸商業世界的大部分。中國家庭也不例外,他們不斷地以這種方式開展業務,以在全球市場上與其競爭品牌保持同等水平(Tan & Fock, 2001)。然而,在某些情況下,這些公司表現出更好的經營業績,因爲他們獨特的方法來理解業務的核心思想。因此,下面的文獻綜述將有助於理解推動和促進中國家族企業中包含創新和創造力的革命性思想的因素。本篇代做論文文章文章由英國第一論文 Assignment First輔導網整理,供大家參考閱讀。

  Family firms have occupied the major part of the business world from the East Asian continent. Chinese families are no different as they continually perform their business operations in this manner to be at par in the global market with its competitive brands (Tan & Fock, 2001). However, in some of the instances, these firms displayed the better operational performance because of their unique approach to comprehend the core ideas of the business. Therefore, the following literature review would aid in the comprehension of the factors which drive and facilitate the revolutionary ideas that lead to innovation and creativity to be included in the Chinese family businesses.

  2.1 What is the Family Business?

  Family business can be regarded as the organization where the decision making power lies in the hands of the family of multiple generations who have the power in the organization either through ownership or leadership (Neubauer & Lank, 2016). The only difference between a family owned business and corporate owned business is how the company is internally flexible and how closely they are involved in the decision making for the business, regardless of their size and geographical status (Wall, 2004). The family businesses are lead by elderly people and are considered as the fourth economic power in the list of growing economies, that is, after Japan, North America and Europe (Tsang, 2001). These people are more enthusiastic in making investments which are required on a regular basis and also contribute in making the key decisions (Krott & Williamsson, 2003). These business persons want the least interference from the outside entities or individuals and these firms considerably differ from their westernized competitors. These family businesses are different in the ways such as decision making, structure of the organization, image of the firm and succession planning (Poutziouris, Smyrnios & Klein, 2006).

  2.2 The Specialty of Chinese Family Businesses

  The Chinese family business is considered as the backbone of the Chinese economy since a long time now and this is because of the urge of China to depict the culture and heritage of the nation in the global market (Zhang, 2002). Chinese economy has been the latecomer in the list of economies when industrialization took place in the world. This is so because it was working on making its internal strengths more strong that is, the family business more powerful (Wang & Chee, 2011). In particular, these family firms were more focused on the maintenance of the factors such as producing the good quality product, preserving the heritage and culture, and the image of the business formed in the market. This practice was majorly conducted as these business firms were aware of the fact the family businesses are meant for the long run and thus the protection of the image of the company holds prime importance in any business for the survival of the business in the long run (Mackey & Sisodia, 2014).

  In the research conducted by Whyte (1996), it was stated that the family firms ensure that everyone in the firm or the family members are benefitted by the profits of the firm regardless of their individual contribution to the business. The joint families have the overriding urge to keep the ancient culture and heritage intact; hence, this approach of doing the joint business together enables these firms to keep the concept of joint savings and joint living, intact (Liang, Wang & Cui, 2013). This approach aids the family business as different members of the family support the rising needs of the business and have little equity at the family level (Gao, Bai & Shi, 2011). Thus, these factors aid the Chinese family businesses to perform their business operations by making use of the multiple specialties which contribute to gaining an edge over its competitors in the global market.