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FamilyBusiness ---CaseAnalysisandEnlightenmenttoChina Goodafternoon,Ladiesandgentlemen.Todaywewillpresentthetopicoffamilybusinesstoyou.Firstofall,pleaseallowmetointroducemyteammatestoyou.MynameisLiXingyun,Iamthecaptainofourteam.Ourteamconsistsoffourhandsomeboys.ThefirstoneisShiLi,thesecondoneisLiDingming,andthelastoneisZhangWenzuo. IntroductionofFamilyBusiness Nowletmebeginourtoday’spresentation.Firstiwillexplainthedefinitionoffamilybusinessandthereasonswhysomefamilyenterprisescansurviveforagesandsomebecameextinctsoon. Firstofall,Iwillgiveyouabriefintroductionoffamilybusiness;includeitsdefinitionandtheposition.Moreover,IwillintroducethesituationofthedevelopmentoffamilybusinessinChinaandtheUSA. Thereareseveraldefinitionsoffamilybusiness.Oneisthatfamilybusinessisthatinaenterprisethefoundersandthecopartnersownmostofthestockrightsandtheykeepacloserelationshipwithprofessionalmanagersandkeeptherighttomanagetopcompanymanagers.KelinE.Gersick,Americanscholar,assumesthattoJudgethatwhetheracompanyisafamilybusinessornot,isnotbasedontheenterprisewiththefamilytonaming,ortheyhaveseveralrelativesintheenterprise'stallestleadershipinstitution,butaccordingtoafamilyownershipgenerallyonthebasisofwhoowningthestockandthestockmagnitude.Thisdefinitionhighlightstheownershipoftheenterprise.ScholarSunzhibenregardstheenterprisemanagementrightastheessentialcharacteristicsoffamilybusiness.Hemaintainsthatfamilyenterprisesshouldkeepthemanagementasthecore,andthisisjustafamilybusinesswhenonefamilyorseveralfamilieswhichhavecloseconnectionmasterdirectlyorindirectlyoneenterprisemanagement. Astheworld'smostcommonmeaningofenterpriseorganizationform,thefamilybusinessintheworldeconomyhasapivotalposition.Everycountryintheworld,regardlessofdevelopedanddeveloping,Familyenterprisesareinstronggrowthandthedevelopment.KelinE.Gersickacknowledgesthatfamilyowningormanagingenterprisesaccountforbetween65%and80%intheworldenterpriseespeciallythemostconservativeestimate.Inthefortune500enterprisesworld-