By Hidemasa Morikawa
This ebook analyzes the head administration of best eastern firms. Drawing at the paintings of Alfred Chandler, Morikawa demonstrates the variation among family-owned organizations and professionally controlled firms.
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Additional resources for A History of Top Management in Japan: Managerial Enterprises and Family Enterprises
In other words, they are a hard act to follow. If such a founder dies naturally while his company is still a success, he and the company are probably very fortunate indeed. This, of course, is not always the case. Indeed, it is not unusual for a founder to maintain conﬁdence in his abilities and his authority into ripe old age, even while his powers to think rationally and make judgments are diminishing. As a result, decisions can easily get made that harm the company, and the founder may unfairly intervene in personnel matters to ensure the entrenchment of “yes” men.
Within the family-enterprise structure, the cooperation of salaried managers at the top level can be 32 History of Top Management in Japan obtained by reorganizing top management and by sharing the positions among the family members and salaried managers. The DuPont Example I would now like to look at the example of the DuPont Company. Let’s travel back to the beginning of the twentieth century, when T. Coleman du Pont was appointed as the DuPont Company president, Alfred was appointed vice president (and manager of the Black Powder Department), Pierre was appointed manager of the Treasury Department, and Francis was appointed manager of the Smokeless Powder Department.
Despite this, however, reference materials do not easily reveal exactly how the Rothschild family developed their businesses. Several questions 24 History of Top Management in Japan remain: Were the Rothschilds really able to maintain a “family enterprise” for over 200 years? ) Has the scale of the company gone beyond the point where the family is simply attempting to preserve its assets? The mystery, I’m afraid, remains. Answers to these questions and others like them seem almost impossible to obtain.
A History of Top Management in Japan: Managerial Enterprises and Family Enterprises by Hidemasa Morikawa