Thursday, February 02, 2012

Asia's Family Businesses Face New Challenges


            The family business takes new meaning in Asian countries.  In Asian countries, these forms of business are struggling to satisfy both family and business needs.  These struggles are due to globalization and generational shifts that occur within the family.  In order to keep the business in the family name and amongst relatives, the heads of the families are hiring people that are relatives regardless of if they are qualified to perform that specific job.  Some family members may lack much needed skills that someone from outside of their kin could complete much more efficiently.  Hiring non-kin is now essential to keeping the family business going.  This is causing family feuds and problems within the business.  Family businesses are struggling when it comes time for the offspring to take the place of the parent, this transitional period is important, but can be damaging to the business.  About seventy percent of Asian firms are family owned; these include businesses such as Samsung and LG Group, both of which are now global products.  The needs of the family members are not always the same needs as the business; here is the foundation of company troubles.
            With many of these family owned companies being global products, products that we have become accustomed to purchasing may be in jeopardy.  Companies could reach their downfall if issues with their families being part of their business are not resolved.  This could lead to a depression in family businesses impacting the greater consumerist society.  If the products that we purchase are no longer there, the consumer will have to decide whether or not to continue with another similar product, or to stop using the product all together.  I am sure that Asian firms are not the only family businesses that are struggling to work through their difficulties; I think that this is potentially a worldwide problem.  Family businesses can be a good idea; however when you are not willing to make sacrifices and hire outsiders who are better qualified, your company may begin a slow decline.  Consumers depend on these family companies, just like their employees depend on their job, a resolution should be reached in order for these businesses to overcome their challenges and become successful once again.  

http://www.gmanetwork.com/news/story/246519/economy/business/asia-s-family-businesses-face-new-challenges

46 comments:

Anonymous said...

ambien online ambien drug usage - drug interactions ambien sudafed

Anonymous said...

viagra online without prescription buy viagra tesco pharmacy - where to buy viagra in vancouver us

Anonymous said...

generic viagra buy viagra reliable - does viagra work better than cialis

Anonymous said...

viagra online without prescription cheap generic viagra from us - ok buy viagra online

Anonymous said...

buy soma buy soma with american express - generic soma online

Anonymous said...

soma buy buy soma everwear tires - soma bras commercial

Anonymous said...

buy soma beach house soma san diego - soma san diego silversun pickups

Anonymous said...

buy soma ambien and soma drug interactions - soma muscle relaxer mg

Anonymous said...

soma drug soma 350 mg side effects - buy soma online us

Anonymous said...

buy soma online where to buy somatropin hgh - soma muscle relaxers information

Anonymous said...

buy soma online buy soma bras - 350mg carisoprodol generic soma

Anonymous said...

buy soma soma muscle weakness - tramadol soma online

Anonymous said...

buy soma soma san diego - buy aura soma australia

Anonymous said...

buy soma buy soma with a mastercard - soma kalb

Anonymous said...

soma medication soma underwear online shop - soma 456 bars

Anonymous said...

buy soma online soma online texas - soma drug similar

Anonymous said...

buy soma soma pill - cheap somatropin

Anonymous said...

buy cialis online buy cialis and levitra - cialis online order usa

Anonymous said...

buy cialis cialis online usa - buy cialis online with prescription

Anonymous said...

buy cialis online buy cialis online germany - much cialis daily use

Anonymous said...

buy tramadol tramadol quick release - can you buy tramadol dominican republic

Anonymous said...

tramadol online how much tramadol dosage - tramadol 50mg and hydrocodone

Anonymous said...

xanax online xanax street price nyc - buy xanax online uk

Anonymous said...

carisoprodol 350 mg carisoprodol effects - drug test for carisoprodol

Anonymous said...

xanax online does xanax show up dot drug test - xanax high how long

Anonymous said...

generic xanax xanax side effects overdose - xanax grapefruit juice effects

Anonymous said...

carisoprodol 350 mg soma carisoprodol recreational - carisoprodol wiki

Anonymous said...

carisoprodol 350 mg carisoprodol vs hydrocodone - buy cheap carisoprodol online

Anonymous said...

generic xanax xanax mayo clinic - xanax order online no prescription

Anonymous said...

xanax online buy generic alprazolam - xanax 2mg alcohol

Anonymous said...

cialis online where to buy cialis online yahoo answers - cialis daily vs. 36 hr

Anonymous said...

xanax online generic equivalent xanax - xanax 1 mg.pills

Anonymous said...

cialis online cialis promise program - cialis questions and answers

Anonymous said...

buy cialis online buy 36 hour cialis - cialis customer reviews

Anonymous said...

buy cialis online cialis daily side effects - cialis daily women

Anonymous said...

buy cialis online cialis kick in time - cialis 10 mg reviews

Anonymous said...

learn how to buy tramdadol buy tramadol 100 - buy tramadol cod overnight delivery

Anonymous said...

http://www.integrativeonc.org/adminsio/buyklonopinonline/#cheap klonopin e63 - klonopin pill high

Anonymous said...

http://landvoicelearning.com/#74967 tramadol 50 mg narcotic - tramadol hcl usage

Anonymous said...

buy tramadol online buy tramadol online no prescription cheap - tramadol no prescription buy

Anonymous said...

where to buy tramadol online tramadol addiction time - can dog overdose tramadol

Anonymous said...

learn how to buy tramdadol get tramadol online no prescription - buy tramadol online in australia

Anonymous said...

http://www.integrativeonc.org/adminsio/buyklonopinonline/#0944 klonopin side effects long term usage - klonopin withdrawal side effects

Anonymous said...

buy klonopin online klonopin 93 833 - klonopin withdrawal rebound

Anonymous said...

order carisoprodol online soma carisoprodol tablets 250 - 350mg carisoprodol generic soma

Anonymous said...

buy carisoprodol cod carisoprodol many get high - carisoprodol 350 mg tab