Final published version
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter
| Publication date | 10/07/2024 |
|---|---|
| Host publication | Asian Family Business Case Studies: The Role of Culture, Value and identity in Succession and Resilience |
| Editors | Feranita Feranita, Woon Leong Lin, Kok Wei Khong, See Kwong Goh |
| Place of Publication | Leeds |
| Publisher | Emerald Publishing Limited |
| Pages | 13-21 |
| Number of pages | 9 |
| ISBN (electronic) | 9781837537600 |
| ISBN (print) | 9781837537617 |
| <mark>Original language</mark> | English |
The Golden Nugget is a family business that serves authentic Chinese cuisine in Gothenburg, Sweden. It was founded by a couple from Hong Kong, China, Alan Chan and Sandra Ng in 1957. This case is based on the succession issue facing Brian, the second-generation owner-manager of The Golden Nugget. Despite Brian's efforts to expose his children, niece and nephew to the business, he realised that none of the third generations showed an interest in taking over the family business. Upon discussion, Brian found three reasons (1) own goals and desires vs family confiict, (2) fear of sacrificing their freedom and (3) lack of work-life balance.