1.
family management; family-run business
A form of corporate management in which the founding family or their relatives hold controlling positions and ownership. Common in both small businesses and large corporations in Japan.
A compound of 同族 (same clan/family) and 経営 (management, business operation). Refers to businesses where the founding family retains control through ownership and key management positions.
Common collocations
- 同族経営の会社: family-run company
- 同族経営を続ける: to continue family management
- 同族経営の問題点: problems of family management
- 同族経営から脱却する: to break away from family management
Cultural note
Many of Japan's largest corporations, including Toyota, Suntory, and numerous 老舗 (long-established businesses), are or were 同族経営. Japanese business culture has a strong tradition of family succession, though modern corporate governance reforms have pushed for more professional management.
Related words
Related Words
Related:
同族企業 (family-owned company)
Related:
世襲 (hereditary succession)
Related:
老舗 (long-established business)