Exploring Transgenerational Entrepreneurship

Exploring Transgenerational Entrepreneurship

The Role of Resources and Capabilities

The Successful Transgenerational Entrepreneurship Practices series

Edited by Pramodita Sharma, Philipp Sieger, Robert S. Nason, Ana Cristina Gonzalez L. and Kavil Ramachandran

Transgenerational entrepreneurship, as a discipline, examines the processes, resources and capabilities that allow family enterprises to create social and economic value over time in order to succeed beyond the first generation of business owners. While tangible resources such as financial and physical capital are certainly important factors in the long-term success of a family-run business, this book focuses specifically on the role of intangible resources and capabilities, which are less easily quantifiable but equally vital.

Chapter 4: Transgenerational entrepreneurship and entrepreneurial learning: a case study of Associated Engineers Ltd in Hong Kong

Jeremy C.Y. Cheng, Florence H.C. Ho and Kevin Au

Subjects: business and management, entrepreneurship, family business


‘Should I promote Francis and assign him risky projects?’ With the question in mind, Jude Chow (42) looked across the desk at his youngest brother, Francis (31), who had proven himself as a respected manager. The Chow family had rounds of discussions on Francis’s promotion as general manager, but the decision was not simple. Jude wondered if promoting Francis and delegating risky projects to him would build his instincts, advancing his development as an entrepreneurial leader, or would crush his confidence, destroying his career instead. Yet from his own experiences, Jude understood all too well that leaders could only rise from tackling challenges. Jude was the managing director of Associated Engineers Ltd (AEL), an engineering firm founded by his father, Ging Tak (80), in 1961. It started with engineering jobs at the late Kai Tak International Airport and then diversified to other sectors that required innovative solutions. He learnt from his father and many others to be an entrepreneur, and understood the importance of entrepreneurial learning to AEL.

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