When the Younger Generation Takes Over: Singaporean Chinese Family Businesses in Singapore in Change

Anna-Katharina Hornidge, 'When the Younger Generation Takes Over: Singaporean Chinese Family Businesses in Singapore in Change', Internationales Asienforum Vol. 35, No. 1-2, pp. 101-31, 2004

18 Pages Posted: 9 Jun 2011

See all articles by Anna-Katharina Hornidge

Anna-Katharina Hornidge

University of Bonn - Center for Development Research (ZEF)

Date Written: 2004

Abstract

In line with developments in Southeast Asia, Singapore's society and economy are undergoing rapid changes. This article focuses on how Singaporean Chinese family businesses cope with the challenges of change. I shall begin with an outline of the common characteristics of Chinese family businesses, their evolution, development and change. Based on an intensive study of eight Chinese family businesses in Singapore, I illustrate the changes experienced, ranging from technological, personal, organizational to managerial, including also changes in marketing strategies. A great number of external and internal factors of change exists, which partly overlap and influence each other. Nevertheless, there is consistency in my findings which show that different upbringings, educational backgrounds, and modes of socialization of the younger generation in the booming economy of modern Singapore are of major relevance for change when inter-generational transfer of ownership takes place.

Keywords: Chinese family businesses, transformation, Singapore

Suggested Citation

Hornidge, Anna-Katharina, When the Younger Generation Takes Over: Singaporean Chinese Family Businesses in Singapore in Change (2004). Anna-Katharina Hornidge, 'When the Younger Generation Takes Over: Singaporean Chinese Family Businesses in Singapore in Change', Internationales Asienforum Vol. 35, No. 1-2, pp. 101-31, 2004, Available at SSRN: https://ssrn.com/abstract=1860999

Anna-Katharina Hornidge (Contact Author)

University of Bonn - Center for Development Research (ZEF) ( email )

Walter-Flex-Str. 3
Bonn, NRW 53113
Germany

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