The project is an exploratory study of family business management in Singapore and
the key objectives are to understand the unique characteristics, problems and issues
with respect to family business.
The study includes both methods using survey and interviews of respondents
concerning aspects of succession planning, role-modeling, communication, sibling
rivalry, style of management and the role of women in family business.
The results obtained have provided an understanding of the attributes and their impact
on the operations of family businesses in Singapore. As shown in the analysis, the
management of family business is complicated by the issue of family relationship to the
extent that decisions on employment, functions, role.s and succession, may be plagued
with irrationality, biases which are strongly influenced by traditional values and the
culture of family members. The implications of the findings and suggestions for
management improvements are also discussed in the report.BUSINES
