| "The great river is flowing to the east and the great wave is calmness, just as the great man who had disappeared in the historical book."Time flies. As we stepped into the 5th year of the 21st century that is full of dreams and passion, 7 years has passed since HuRun began to make "a list of the rich in China ". We can say that is "the flowers are the same but not the human every year". The names on the list almost are the founders of the family business. The list also exposed "the newly emerging billionaires" to the world. So people began to wonder: Where were they from? How did they succeed? Where are they going to? What are they going to bring to the great country that has 5000 years of family culture? How do we face their success and confusion?In our backward glance of last exciting 20 years, the Chinese family business began with feeding chicken and pigs and step by step from then, they have experienced a hard life: ——Some of them ever hesitated on the narrow meandering footpath ;——Some of them were ever perplexed in the labyrinth set by themselves. Some had walked into a blind alley and never came back. ——Some of them also ever relied on the innovation and developed the business. Now they are the illustrious persons.Why have most of the newly emerging enterprises during the economic transition in China been family businesses? Why family businesses are still the dominant form of economic organization in the world? In contrast to Adam Smith, the father of economics, his followers separated the issues of morality and family from economics and left these issues to other areas in social sciences. It seems that family businesses have no room in mainstream economics, and that modern theories of the firm cannot explain their existence satisfactorily. Although modern economics has absorbed nutrients from other branches of social sciences and developed many new research areas; although the family business has already attracted the people of all walks of life now; although many experts began to study the history of the family business and also explore how the family business to adapt the knowledge-based economy, (in this age everyone wants to overcome others when they are in the trade) we also want to discuss these questions such as: how does the family business handle all sorts of relationships? and how does the family business choose the best strategy in different games and how does it obtain the complexion of "both win"? There are fewer literatures for analyzing the phenomena of family businesses more comprehensively. This dissertation is trying to break through the boundaries of the traditional researching methods for investigating family businesses, an issue of great practical and academic significance, from the angles of game theories, stakeholders and family businesses. This paper studies on the main stakeholders of the family business. It points out how they play the games and what are the main factors of affecting their actions. There are many different kinds of definitions of family businesses. Most of them are about the ownership and the management. And some scholars think the family business does not only include that the ownership and management are both belong to the members of the family business but also include something else. The author of this paper has an idea about the definition of the family business, that is: the firm's rising and falling has a positive movement with the family and the owner or the manager of the firm cultivates the inheritor actively and hopes that the inheritor can control the firm and develop the firm. For the concept of the family business, the writer will discuss it in detail in the first part. This paper is divided into five parts, that is instruction , the summarizing of literature , the framework of the theory , the illumination of the example and the conclusion.The instruction presents the background of this paper and the intention. Along with the practice and the experience of the family business over twenty years, now the situa...
|
PDF Full Text Request