When it comes to succession in Singapore family businesses, blood not always thicker than water

For family businesses, succession is often a tricky issue that, if not properly managed, will rear its ugly head both at work and at home. Yet, for a business to prosper, concepts of meritocracy need to be in place, perhaps over and above biological ties. At a recent panel organised by the UOB-SMU E...

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Bibliographic Details
Main Author: Knowledge@SMU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
Online Access:https://ink.library.smu.edu.sg/ksmu/286
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1285&context=ksmu
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Institution: Singapore Management University
Language: English
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Summary:For family businesses, succession is often a tricky issue that, if not properly managed, will rear its ugly head both at work and at home. Yet, for a business to prosper, concepts of meritocracy need to be in place, perhaps over and above biological ties. At a recent panel organised by the UOB-SMU Entrepreneurship Alliance Centre, the heads of four Singapore family businesses describe the different paths they took to the top and how they plan to pass the baton.