TEACHING CASE: Succession in Chinese Family Businesses (B): Huamao and Xu Family
Teaching Case (B)
Can a Family Agreement signed by everyone involved nurture harmony within this family and stimulate prosperity of their business? Xu Wanmao believes that succession does not mean only inheriting wealth; on the contrary, he believes wealth may be harmful. He does not want to be a ‘lousy ancestor’.
This is the second case in a three-case series.