Research On Chinese Family Business Succession

Since the reform and opening up, the rapid development of economy of system of ownership ofour country in various forms, in this process, the family enterprises in our country has developed rapidly.At present, the vast majority of China’s private enterprises are family enterprises. However, with the firstgeneration of enterprises gradually approaching retirement, how to make our family enterprise successfullycompleted the inheritance, to make our family enterprises out of the family business succession generallydifficult to continue, the talent enterprises difficult to continue the cycle, is a major subject in thetheoretical circles and enterprises are facing. It is in this background, this paper decided to Chinese familyenterprise inheritance as the research object, research on family enterprises in china.In this paper, combined with domestic and foreign family enterprises and their succession theory,the author pointed out the succession problems and the influencing factors that the current familyenterprises in our faced. The paper compared the different family enterprises in the United States, Europe,and learnt from their advanced practical experiences, trying to help the family enterprises in our country.Combined with the actual situation of family enterprises in our country. The author pointed out asuccession model that fit our family business and through analysis a variety of succession modes, authormade some countermeasures and suggestions to Chinese family enterprises successionThis thesis considers that the main reason why most of family enterprises choosing successorinternally is because of the influence andre striction of Chinese traditional cultural, professional handlers,trust system and the self character of the enterprise, it is more reasonable and feasible choosing way for thetime being. the empirical study of the status of Chinese family business succession, summed up themisunderstanding of family enterprise inheritance process may exist, these problems include: lack ofreasonable succession planning, successor to face great resistance, successor candidate contradictions,successor do not conflict, family enterprise inheritance preparation the new and old culture. In view of theexisting succession in family business in our country, the paper puts forward the countermeasures andsuggestions in succession in family business, including: the development of a succession plan, reasonablesystem consultation mechanism, set up the inheritance conflict entrepreneurs should pay attention to adjusttheir mindset, pay attention to training, to create a good family culture and so on inheritance. Finally takethe FOTILE group inheritance analysis the case as an example, introduces the FOTILE group successfullyachieve inheritance experience, provide experience reference for the majority of family enterpriseinheritance.