Development And Transcending Of Family Business

After the opening-up reform, family business has grown rapidly in China , making a great contribution to the economy and social stability. To an individual enterprise, scale and life are two bottlenecks that they usually meet in the process of growth. This paper is trying to discuss how to overcome the limit of family resources, and gain sustainable growth, through demonstration analysis of the current development of family business.First, we redefine family business from the angle of residual control rights according to the GHM model. Then we analyze the finance, management, and succession of family business on the basis of the results of the questionnaires, which indicate that the capital and management recourses of the families are very limited. Family business should absorb social capital and management recourses in order to realize sustainable growth.At the last part of this paper, we discuss the meaning, path, problems and countermeasures of family business's transcending.