Some Thinks about the Development of Family Business in China

Private enterprises in China mostly take family management mode,which is closely related with the special efficiency of family enterprise in corporate governance.Whether a family enterprise could continue and maintain its prosperity depends largely on whether it can inherit successfully.Son inheriting father's business is the main stream model of family business succession in current China.Choosing this intergenerational inheritance model is determined by national and people's conditions in China.To inherit successfully and resolve possible crisis in the process,the family business founder should take a broad and long-term view,should plan early,should cultivate and train his successor according to plan and step by step,and should also determine the enterprise's reasonable open boundary by efficient institutional arrangement,so as to evolve to modern family enterprises.