Business Schools Teach What You Can’t Learn from Your Parents
In an interview with Financial Times, Prof. Kevin Au says “Children who have studied in the West often have contrasting views to their parents. The communication is usually very different to begin with.”
More business schools now offer family business courses, which is a recognition of the need for a rounded business education combined with the specific expertise that family-owned companies require. One example of how family concerns are different is the fact that they were particularly resilient in the 2008-09 financial crisis.
In China, an overseas education can lead to a different type of succession problem. In an interview with Financial Times‘ former business education editor Della Bradshaw, Prof. Kevin Au, Associate Professor of Department of Management, Director of Centre for Family Business and Associate Director of Centre for Entrepreneurship at The Chinese University of Hong Kong Business School, says: “Children who have studied in the US or Europe often have contrasting views to their parents. The communication is usually very different to begin with.”
“This is significant because many first-generation Chinese entrepreneurs are ready to retire. In Asia much of the wealth and resources are controlled by family businesses,” he adds.
Prof. Au’s opinions are cited in the story entitled “Business Schools ‘Teach What You Can’t Learn from Your Parents'” which is one of the articles featured in the special report “The Future of Family Business” posted on Financial Times‘ online news portal on 13 December, 2017… Read More
Source: Financial Times
Date published: 13 December, 2017