国外家族企业传承失败案例-英文

1、Failed Succession of Foreign Family Business Time of establishment :1882 Headquarters location: New York Owner: Bancroft family Subcompany : The Wall Street Journal, Dow Jones Newswires, Factiva, Barrons Dow Jones Company (华尔街日报) financial newspaper (道琼斯通讯社) Provide real-time financial reports and m

2、arket commentary The Wall Street Journal Dow Jones Newswires Dow Jones lasted as a family company for more than 100 years. However, In the 21st Century, with the poor management and the dilemma of American newspaper industry, Dow Jones began to fall. In 2007,media tycoon Rupert Murdoch took the chan

3、ce to acquire it with high price. After months of negotiations, the Bancroft family agreed to sell the business with 5.6 billion dollars. the Bancroft family rarely met to discuss the family business, and had little external interaction. Why did the Bancroft family fail to control Dow Jones ? (1)Lac

4、k of communication While the family was a controlling shareholder, they delegated control of the company to non-family management. However, the managers were first or foremost journalists，not business strategists The younger generation committed to expanding the market and enhancing the value of The

5、 Wall Street Journal , while the senior generation focused on protecting the Journals independence (2)Lack of effective control (3) Without consistent goal Organization structure of the company couldnt facilitate workers interactions. However, the interactions among workers were needed to control the company effectively. (4)Organization structure These four factors had been at the root of limiting the development of the company and the mana