英文摘要 |
This paper undertakes the tacit knowledge innovation and the trends of enterprise development among Chinese family-owned small and medium enterprises (FSMEs) in Malaysia to keep pace with an increasingly global economy and changes in the policy setting. A World Bank study showed that 67.2 percent of shares quoted on the Bursa Malaysia were owned by Chinese family owned while 13.4 percent were state owned. Thus, Chinese family firms have a dominant presence in the Malaysian corporate sector. The economic prosperity of Malaysia is largely dependent upon the success of these Chinese family firms in an increasingly ‘global’ marketplace as well as the adaption to the local government policy. This paper thus analytically and empirically delineates to highlight the issues about the tacit knowledge innovation and the generational change of Malaysia’s Chinese FSMEs in the plastic production by using longitudinal case studies. This paper also appraises the succession of the new generation as owners of the family business, to transform the firm’s knowledge. The case studies will assess first-generation, second-generation and third-generation Chinese family SMEs of family history, family tree and organization structure. Accessing the contention that a family business does not survive beyond the 3rd generation, this paper, in fine, provides a set of policy recommendations to facilitating the evolution from family capitalism to professional firms. |