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Management Innovation for Chinese Family Business

Author

Listed:
  • Li Liu
  • Xinde Chen

Abstract

Purpose ¨Cbased on the complicate and changeable situation in the economic field, Chinese family enterprises should rethink the strategy and innovate continually to achieve the evergreen. The purpose of this paper is to examine the advantage and disadvantage of Chinese family business and deduce several Applicable approaches for Sustainable development. Design/methodology/approach ¨CBased on a review of the relevant literature, Advantages and disadvantages are developed. Case study data are used to explore the applicability of the detail of management innovation. Findings ¨CAchieving long-term sustainable development, our family business firm must embark on cognition innovation and structure innovation, for example, to develop the modern enterprise system and governance structure. Especially, paying attention to the cultivation of corporate culture, building corporate strategy management framework by emphasizing on the cornerstone of corporate social responsibility. Originality/value ¨CThe paper takes a macro perspective to explore the family cooperation¡¯s Sustainable development issue and thereby Guide enterprises to carry out the reform to adapt to the changing time.

Suggested Citation

  • Li Liu & Xinde Chen, 2014. "Management Innovation for Chinese Family Business," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 5(1), pages 88-92, February.
    • Handle: RePEc:jfr:jms111:v:5:y:2014:i:1:p:88-92
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    Cited by:

    1. Yiyu Lu & Shaojie Zuo & Zhaolong Ge & Songqiang Xiao & Yugang Cheng, 2016. "Experimental Study of Crack Initiation and Extension Induced by Hydraulic Fracturing in a Tree-Type Borehole Array," Energies, MDPI, vol. 9(7), pages 1-15, June.
    2. Yuan Quan & Chenxing Wang & Yan Yan & Gang Wu & Hongxun Zhang, 2016. "Impact of Inter‐Basin Water Transfer Projects on Regional Ecological Security from a Telecoupling Perspective," Sustainability, MDPI, vol. 8(2), pages 1-12, February.

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