Research On The Trust Of China's Family Business And Professional Manager

After 20 years of development, China's family business currently is in the key growth phase of transition from its extensive primitive accumulation of capital to intensive scientific management. At this time, the bottlenecks to the growth of considerable family business is the lack of management resources, especially the human capital management resources of professional manager, but family business can not effectively absorb and master professional manager out of the family.The family entrepreneurs face a dilemma currently: it is infeasible not to step out of family management system, when introduce professional managers, there is lack of reliable professional managers. To the professional manager, it is difficult for them to make decision to enter family business and more difficult to start work after entry, so most of them leave it and are never willing to work in it. Then, how is the dilemma being? What is the uniqueness of China's family business? What are barriers on the process of introduction and using professional manager? How can family business integrate professional manager now? These are the main research area of this paper.This paper analyzes family business'operating mode which is based on personal particular trust by system economics methods, explains the formation mechanisms of family dilemma scientifically and exactly. The cost of family operation is low, when the business is small, it can realize the uniform and optimal of agent cost on trust and agent capacity on expertise. The size of enterprise is expanding continuously, but the agent capacity in family is limited, family operation is bind to expertise capacity, management efficiency is affected seriously, the family business fall into dilemma. Expanding the scope of selecting and using talent is the way to reconcile this dilemma, building up a kind of management mode by professional manager on social universal trust to resolve the agent capacity problem.Now, massive family business'introduction of professional manager is not successful, this paper analyzes by games theory to find that the nature of this situation is the lack of trust, is a balance of risk-optimal between family business and professional manager. The family business lay low confidence on professional manager to avoid serious loss, professional manager choose low cooperation behavior to avoid his efforts without repay, the paper further adds the probability of family business laying high trust on professional manager into the risk-optimal game model to find that the balance of the game lies on probability(t) and expected income(x), so find two main clues to analyze the root of risk between family business and professional manager and...