Dr Yong Wang
Reader in Family Businesses and Entrepreneurship, Wolverhampton Business School
Dr. Yong Wang BEng(Dist), MEng, PgCert(Res), PhD is Reader in Family Business & Entrepreneurship at Wolverhampton Business School. He serves International Family Enterprise Research Academy (IFERA), the world-leading family business research association, as a Board Member.
He acts as the Associate Editor of the International Journal of Management Practice and a member of the Editorial Advisory Board for both Journal of Family Business Management and International Journal of Management Concepts and Philosophy.
Dr. Wang’s teaching, research, and publications focus on family business, entrepreneurship, strategy, and business performance. His publications have appeared in the Journal of Strategic Information System, International Journal of Entrepreneurial Behaviour and Research, Journal of Small Business and Enterprise Development, Journal of Enterprising Culture, Journal of Entrepreneurship, International Journal of Management Practice, International Journal of Management Concepts and Philosophy, International Journal of Management Cases, as well as others.
Dr Yong Wang has been studying the particular world of the family organisation for a number of years. He says family businesses must pay attention to three key areas if they are to remain competitive and build a profitable and successful future.
He comments, “The critical challenges in my view are taking succession planning seriously, addressing skills gaps and ensuring the right access to finance. Succession planning is often a taboo subject for the owners of a family-run organisation. This is often founded in an unwillingness to confront the issue and discuss it openly with other family members – perhaps worried psychologically about losing control or having to choose between offspring. You then have the other side of the coin with members of the younger generation unwilling to take over the mantle of the family firm, preferring instead to flee the nest and perhaps consider the alternative attractions of forging a career in a large corporation.”
More information on Dr Wang can be found HERE