Family enterprises lack in successors

时间：2007-09-26 06:34:40

（单词翻译:单击）

Chinanews, Beijing, Sept 25 – On September 10, the second Chinese Family Enterprise Successors Forum1 concluded in Cixi, Zhejiang. About 17 young people from Chinese Zhejiang, Jiangsu, Guangdong and Yunnan provinces, as well as from Malaysia, who were regarded as the successors in their family business, attended the seven-day forum.

 

The forum was held in an attempt to solve a common problem that many family enterprises encounter – lack of business successors, said Mao Lixiang, organizer of the event, who was also president of the Ningbo Fotile Group, a private company that mainly produces cookers.

 

Mao made the statement in an interview given to the Legal Daily.

 

Many Chinese private enterprises are experiencing a critical time in making their business continue – some young people in the families are reluctant to carry on their father's business and want to sell the family assets; for those who want to be the successors, the older generation, who have had little education themselves, might not know how to educate their children with appropriate managerial knowledge or the fathers might just be unwilling2 to hand the business over to their sons or daughters, said Mao.

 

He predicted that over the next five to ten years, the problem of the lack of successors among Chinese private enterprises might arouse great social concern and a considerable number of private enterprises might “disappear due to this problem.”

 

How to solve this problem has become one of the biggest issues for these private companies.

 

In Zhejiang where private economy booms, many of the young generation refuse to follow their fathers' steps. For one thing, they have a comfortable life since they were born. So they are unwilling to repeat the hardships once experienced by their fathers. For another, most of the private companies in China are in the manufacturing sector3. Young people are scared off by the uncertain business prospects4 and the boring life involved.

 

Many private enterprises have a hard time finding an appropriate business successor. According to a survey jointly5 done by the Zhejiang Provincial6 Private Businesspeople Association and the Zhejiang Provincial Private Enterprises Association, about 14.5% of the private business managers in the survey said they hoped their children could carry on their business when they retired7; 38% of the business managers planned to hire professional managers to manage their business and the rest of the managers still did not have a clear plan on this issue.

 

If the company can not find an appropriate successor to carry on the business, for most of the time the company's business will not be able to continue. Unfortunately, only 30% of the private companies can successfully survive when the business is handed over to the second generation and only 15% of the private companies can survive when the business is handed over to the third generation. And when the business is made over to the fourth generation in the family, their chance of success is reduced to 3%. Related information shows that in China, the average life span of a private enterprise is 24 years, a time span that coincides with the reigning8 period of the company’s business founder9. For 70% of the private companies, the company might either be sold or liquidated10 after the business founders11 retire or die.

 
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1 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
2 unwilling CjpwB     
adj.不情愿的
参考例句：
  • The natives were unwilling to be bent by colonial power.土著居民不愿受殖民势力的摆布。
  • His tightfisted employer was unwilling to give him a raise.他那吝啬的雇主不肯给他加薪。
3 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
4 prospects fkVzpY     
n.希望，前途(恒为复数)
参考例句：
  • There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
  • They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。
5 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
6 provincial Nt8ye     
adj.省的，地方的；n．外省人，乡下人
参考例句：
  • City dwellers think country folk have provincial attitudes.城里人以为乡下人思想迂腐。
  • Two leading cadres came down from the provincial capital yesterday.昨天从省里下来了两位领导干部。
7 retired Njhzyv     
adj.隐退的，退休的，退役的
参考例句：
  • The old man retired to the country for rest.这位老人下乡休息去了。
  • Many retired people take up gardening as a hobby.许多退休的人都以从事园艺为嗜好。
8 reigning nkLzRp     
adj.统治的，起支配作用的
参考例句：
  • The sky was dark, stars were twinkling high above, night was reigning, and everything was sunk in silken silence. 天很黑，星很繁，夜阑人静。
  • Led by Huang Chao, they brought down the reigning house after 300 years' rule. 在黄巢的带领下，他们推翻了统治了三百年的王朝。
9 Founder wigxF     
n.创始者，缔造者
参考例句：
  • He was extolled as the founder of their Florentine school.他被称颂为佛罗伦萨画派的鼻祖。
  • According to the old tradition,Romulus was the founder of Rome.按照古老的传说，罗穆卢斯是古罗马的建国者。
10 liquidated a5fc0d9146373c3cde5ba474c9ba870b     
v.清算( liquidate的过去式和过去分词 )；清除（某人）；清偿；变卖
参考例句：
  • All his supporters were expelled, exiled, or liquidated. 他的支持者全都被驱逐、流放或消灭了。 来自《简明英汉词典》
  • That can be liquidated at market value any time. 那可按市价随时得到偿付。 来自辞典例句
11 founders 863257b2606659efe292a0bf3114782c     
n.创始人( founder的名词复数 )
参考例句：
  • He was one of the founders of the university's medical faculty. 他是该大学医学院的创建人之一。 来自辞典例句
  • The founders of our religion made this a cornerstone of morality. 我们宗教的创始人把这看作是道德的基石。 来自辞典例句

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