Beating The Curse: Why Chinese Family Companies Have A Relatively Short Lifespan

Ethnic Chinese family-led businesses such as Sun Hung Kai Properties and Henderson Land in Hong Kong and are often held up as icons of Asia’s post-World War II economic success. Yet research shows  that family companies with a Chinese background also tend to have a shorter lifespan than others around the world, owing to a distrust of outsiders and a sojourner mentality, among other weaknesses.   How can Chinese family businesses improve their chances of survival?