Abstract
This case concerns a family business in relation to renewable energy, prop-erty investment, construction services, civil engineering and mechanical and electrical engineering services. The family business was established by two founders who have subsequently appointed their children to handle the management side of the company. The case illustrates the importance of grooming founders' children with technical knowledge and skills in relation to the business area of specialisation. The case also reflects that an autocratic style of management by the founder can form a fragile organisation. When the founder becomes ill, trouble looms as everyone becomes lost when it comes to business direction particularly in times of unprecedented pandemic. This case shows what can happen when there is lack of communication, reasoning and succession planning can do to a family business.
Original language | English |
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Title of host publication | Asian Family Business Case Studies |
Subtitle of host publication | The Role of Culture, Value and Identity in Succession and Resilience |
Publisher | Emerald Publishing |
Pages | 61-71 |
Number of pages | 11 |
ISBN (Electronic) | 9781837537600 |
ISBN (Print) | 9781837537617 |
DOIs | |
Publication status | Published - 10 Jul 2024 |
Keywords
- Autocratic management
- Family business
- Knowledge transfer
- Private limited company
- Succession planning
ASJC Scopus subject areas
- General Economics,Econometrics and Finance
- General Business,Management and Accounting