From where I write in Asia, the family business is a dominant form of business organisation. Often such businesses are based on the Chinese model: that is, they are pragmatic and opportunistic in considering new business ventures, they are controlled by one person (the founder) and, when it is time for succession, a new company will be spun off from the original so that the son (or daughter) can run a separate business without conflict with other family members.
Read the full review here (
). Not sure why the link button does not work. I can edit retrospectively if necessary.