The Wang group was by Alfred Wang in Hong Kong to flee China during the turmoil that created marks the beginning of the communist regime. After the successful establishment of diversified trading and expanded to several other Asian countries in 1995 was the business of his second son, Charles Wang made a charismatic leader. Charles wanted to vote in today’s global trends create a sustainable family business, and is used by non-family members. For this purpose, Charles … Read more »

The Wang group was by Alfred Wang in Hong Kong to flee China during the turmoil that created marks the beginning of the communist regime. After the successful establishment of diversified trading and expanded to several other Asian countries in 1995 was the business of his second son, Charles Wang made a charismatic leader. Charles wanted to vote in today’s global trends create a sustainable family business, and is used by non-family members. For this purpose, an external CEO Charles presented his vision for the implementation of a far-reaching changes in the company to implement. The global economic crisis that began in 2008, however, the company began midway through the reorganization and brought losses and the departure of the newly appointed CEO. Charles Wang had no choice but to re-absorption of the top job himself and had to rethink the way for the family to a sustainable future.
«Hide

from
Marleen Dieleman,
Jonathan Ho Wye Kit
Source: Ivey Publishing
8 pages.
Release Date: 5th April 2012. Prod #: W12853-PDF-ENG
Family Business Succession in Asia HBR case solution

[related_post themes="flat"]