The Selection Of Successor By Linjia Group

Clan enterprises exist worldwide and up to 43% of the clan enterprises are facing the problem of handing over the management power to a successor by the pioneer generation. It is now an era of "handing over and taking over" for the clan enterprises. Based on the background of Linjia Group, this thesis gives a detailed description and analysis of the major important issues in management power transfer. Should a professional CEO be selected? Or should a successor with consanguinity be chosen instead of a professional manager? What should the enterprise do to train the successor? How to deal with the sensitive problem of brother relationship and father-and-son relationship? How to establish the authoritativeness of the new successor in the business? Solutions to these questions, as argued in the thesis, are the prerequisites to the smooth transfer of management power in a clan enterprise.