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Transformation of Family-owned Business into Corporate Family ¡ÐThe Case of San Shing Hardware Works Co., Ltd.

ABSTRACT
In Taiwan, the private sector has played an important role in the development of the contemporary economy. Most of these companies are family-owned and are facing the challenge to transform themselves into professionally run corporate families because of the competition brought forth by the globalization of the world economy. The San-Shing Company has been a leader in the fastener industry and served as a good model of successful transformation from a family-owned company into a corporate family. Our study shows this success can be attributed to the following reasons. First, a family-owned company¡¦ financial crisis serves as a catalyst for transformation. Next, the role of the management team is critical. The team must succeed in securing the financial support while at the time severe the influence of the family owners. It team must also manage to maintain a high level of employee royalty. Finally, a strong support from the banks is necessary to provide not only financial support but also advices to the transformation.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0802102-104634
Date02 August 2002
CreatorsLee, Tzu-Liang
ContributorsFeng-Yang Kuo, none, none
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0802102-104634
Rightsoff_campus_withheld, Copyright information available at source archive

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