KWC Introduction
• KWC(Kowloon Watch Company) is a watch retailing company with 60 years’ history based in Hong Kong. It has more than 300 employees and expanded to Mainland China and Middle East.
• KWC was founded by Wong Ho Hung in 1952 and has come to the transition stage from the second to the third generation.
Wong’s familyWong
Ho Hung
Wong Kam Shing
Wong Kam Zau
Wong Mou Git
Wong Zi Mei
Wong Bau Bau
Wong Kam Fai
Wong Kam Hou
Wong Aa Zi
WongGaa Leon
WongGaa Hang
Interview Portfolio
Interviewee Current Post of Interviewee Date Place Duration
Wong
Kam ShingManaging Director
2012-07-27
2012-08-08
2012-08-22
APIB at CUHK
APIB at CUHK
APIB at CUHK
60m
165m
172m
Wong Aa Zi Business Director 2012-09-15 KWC office 66m
Wong Bau Bau Executive Director 2012-09-15 KWC office 60m
Chau Ho yuen Branch manager 2012-09-15 KWC office 45
Chen Man fung Shop sales 2012-09-15 KWC office 45
KWC Business
• KWC-Hong kong• FTL-East and Middle Asia• Fatanni—Mainland China• KOCARS-Hong Kong & Macau
Watch supply chain
Customers
Retailers
Distributor/Brand
Importer
Factory
R&D
FTL
Fatanni(China)
Kocars(HK&Macau
)
KWC(HK)
STEP Framework
Entrepreneurial orientation
• Autonomy• Innovativeness• Risk taking• Proactiveness• Aggressivenss
Familiness Resource Pools
• Leadership• Networks• Capital• Decision making• Culture• Relationship• Governance• knowledge
cultural
Family
life st
age
Fam
ily in
volv
emen
t
envi
ronm
ent
industry
Entrepreneurial Performanc
e“The New”
• Financial • Entrepreneurial• Social
Transgenerational potential
Family involvement and Internationalization
KWC(HK)
Fatanni(China)
FTL
Kocars(HK&Macau
)
Wong Kam Shing
Wong Bau Bau
Wong Aa Zi
Wong Gaa Hung
Entrepreneurship pool
Family pool
Analysis• Case study – Interview Firm files Autobiography
Interviewee Current Post of Interviewee Date Place Duration
Wong
Kam ShingManaging Director
2012-07-27
2012-08-08
2012-08-22
APIB at CUHK
APIB at CUHK
APIB at CUHK
60m
165m
172m
Wong Aa Zi Business Director 2012-09-15 KWC office 66m
Wong Bau Bau Executive Director 2012-09-15 KWC office 60m
Chau Ho yuen Branch manager 2012-09-15 KWC office 45
Chen Man
fungShop sales 2012-09-15 KWC office 45
A succession model in practice
准许信任
人员
过程
完善
尊敬
+领导
优秀
卓越+知识
职位
意愿
新继任者(家族成员 )
企业(CEO工作 )
下一代(家族成员 )
导师
意愿
知识传承
导师 (5年 ) 顾问 放手
Succession model proposed by Dr. Wong
Findings
• Confucius family culture (especially filiality) promotes the entrance of family members into the family firm.
• Family firms could expand simultaneously in geographical diversification and supply chain extension.
• Slotted horses mode may be an feasible way for family business succession.
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