The challenges of succession
By Karen Yip | China Daily | Updated: 2011-07-12 07:19
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Lost direction? Many companies controlled by Chinese families experience succession problems as the leaders age but their children are not yet ready to take over the business. The fact that most Chinese families have just one child means tough decisions will have to be made when entrepreneurs consider retirement and succession. Hong Ye / for China Daily |
Letting rivals know the heir-apparent can put a company at a distinct competitive disadvantage
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