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Study of the Sustainable Development Issue and Correspondent Countermeasures for the Family Firm

Zhihong Li
Business School Jianghan University Wuhan, China
Abstract—The sustainable development of the family firm is an issue unable to be avoided when it has been evolved to a certain scale. The successful solution of this problem can make the family firm survive and further evolve in the fluctuating and complex conditions. Otherwise, an end may be put to the firm. However, the sustainable development of the family firm concerns various aspects of the production, operation, management and governance since the family firm characteristic of the family kinship has its inherent defects. The systematic research on this issue is quite necessary. So, the paper first makes a study of the actual situation and the existing issues such as governance structure, managerial institutions and skilled personnel development and the organizational culture based on the modern corporation system and so on, then puts forward the correspondent countermeasures to solve the above the problems and finally draws some conclusions to make the family firm able to be further evolved.

Index Terms—family firm, sustainable development, tactics

Cite: Zhihong Li, "Study of the Sustainable Development Issue and Correspondent Countermeasures for the Family Firm," Journal of Advanced Management Science, Vol. 9, No. 4, pp. 101-104, December 2021. doi: 10.18178/joams.9.4.101-104
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