The impact of family business succession on organizational change--The case study of Taiwan listed companies

• Main Authors: Tsai, Chia-Sheng, 蔡佳昇
• Other Authors: Wang, Wen-Jie
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/5vs23v

碩士 === 國立政治大學 === 經營管理碩士學程(EMBA) === 107 === According to the Critical Report of Chinese Family Business 2017 by Taiwan Institute of Directors, 70% of the listed companies at the Stock-exchange-market and Over-the-counter market are family business. Nevertheless, only nine percent of them have well-prepared for the succession arrangement. Compared with the professional executive manager system in the western enterprise; contrarily, the family business, transferring from up generations to down generations, plays a significant effect in the eastern enterprise. Ironically, this research finds that the successful ratio for the succession in family business has the trend for declining. The purpose for this research is to provide the constructive suggestions for the family business who have not yet well-prepared for the succession. The research adopts Uni-President Corporate as an example, a listed company at Taiwan stock exchange market. Analyzing its more than ten-years succession procedures, demonstrates the important factors, critical steps and organizational change for the succession of the listed family business. The literatures explain the definition of family business, makes comparison between family business and non-family business. Stressing on the factors of succession of the family business, which at least including corporate governess, properly managing the relationship between the successor and the stakeholder etc. The analyzing starts from the willingness of succession of the young generation, itemizing the steps for the family business succession, the training of the successor ability as well as the transferring of relevant intangible assets. The corporate succession is not only the transferring of the tangible assets and management power, but also the transferring of the enterprise culture, spirits, family values as well as the business values. The succession process definitely requires to be institutionalization, which potentially brings the organizational change to reach the fruitful purpose of sustainable development and significant growth. The research method adopts case study method of qualitative research. In according to the time table of succession, the research reviews the whole procedures of its succession. Meanwhile, this research adopts the induction method to verify the previous argumentations of the steps and methods used in the family enterprise succession. There are lots of factors which potentially effect in the succession of the family business. Meanwhile every family business has its unique business model, culture, different background of time and place. The suggestion on the operation of enterprise succession can provide the basic argumentations, the general procedure and model can be varying from case by case. The ultimate purpose is to reach the sustainable growth of the family business succession.