How to Motivate the Fifth Generation? Balancing Engagement and Entitlement at Lee Kum Kee Case Solution
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: June 10, 2016
G4 members observed that their kids were hectic with household responsibilities, pastimes, and emerging professions outside the organisation. G5's absence of interest in company and governance functions was part of an increasing pattern of low household engagement in basic, displayed by the cancellation of current household retreats (when a yearly custom) since of passiveness and some underlying dispute. A history of divides amongst previous generations of the Lee household concerning service management made the engagement concern much more vital and significant. Trainees will think about the obstacle from the point of view of G4 household members David Lee, chairman of the household's Family Office, and his sis, Elizabeth Mok, who ran the Family Learning and Development. They and their 3 brother or sisters saw interacting the next generation as a leading concern, one related to crucial principles consisting of family-business connection, generational engagement and empowerment, succession, psychological control, and intrinsic/extrinsic inspiration.
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