Case Analysis Of Z Family Business Internal Control

Looking back at the past few decades,since the reform and opening up,the family business show up lile bamboo shoots after a spring rain at our countries capital markets.Family workshop relying on their bear hardship and stand hard work,has take up a large market share.By right of congenital advantage,family business make strategic adjustment depand on the view of market changes so that they can beat the opponent which are not family business.Besides many family businesses have been listed company and known at home and abroad.For example,a hot pot reataurant named Haidilao dominates the hot pot market relaying on its quality service.However any thing has two sides.On the one hand,family business has unique advantage,one the other hand,family business' disadvantage will expose with the development of the family business.At the same time,internal controls still at the very beginning time.Internal controls are still dismissed at China.At the same time with developing at top speed,most of the family business' internal controls are weak.Appearance of new economic crime is the result of internal control problems.So the life cycle of family enterprise is short.Throughout the rise and fall of the survival of modern family business.We can easily find that most family business are dying of internal control.This paper takes Z family business for example and uses a combine of theoretical analysis with case to study internal controls of family business.First I explain the definition of family business and related theoretical basis by reading many literature with summarizing those literature.Secondly,at the part of case analysis,I analysis the reason of Z family business internal control problem.Finally,Z company should draw on the experience of Haidilao company and throw out a suggestion on the experience of Haidilao.The first chapter is the original topic background and the significance of the research.What's more,the first chapter also include literature review and related research train of thought.The second chapter is the theory basis of family business internal control.At the begning of this chapter,the concept of family business has been told and the character of family business internal control has been concluded.Then those theories like enterprise organism theory?stakeholder theory and the principal-agent theory also has been told.The third part of this paper is a introduction of case which includes the current situation of Z family business and some questions of the company.The fourth part is the reason of those problem.The fifth chapter is aimed to refer experience of Haidilao company.First we analysis the successful internal control experience of Haidilao,then sum up the experience of Haidilao.The successful internal control experiences are attaching great importance to the construction environment?giving up some family characteristics?treating the relation between family and company carefully?assessing risk comprehensively and designing suitable activities of internal control.The last chapter of the paper is a summary of analysis.Internal control,as a kind of operation system of company at present,has unique significance to the cussecc of most small family companies in our capital market.Research and development of family business are an important manifestation of national strength,they play an important role of the country's economic development,the use of and employment problem.In this paper,combined with the internal control theory,it puts forward a sound internal control of the company specific measures,but these measures have practical operational effects.Future research could expand the business case for multiple photovoltaic discussion,and sum up feasible and effective methods and measures in order to truly improve family companies in Chinese internal control situation and to promote a healthier and more stable development.