The Un-gleaming Fate of The Golden Nugget
Asian Family Business Case Studies
ISBN: 978-1-83753-761-7, eISBN: 978-1-83753-760-0
Publication date: 10 July 2024
Abstract
The Golden Nugget is a family business that serves authentic Chinese cuisine in Gothenburg, Sweden. It was founded by a couple from Hong Kong, China, Alan Chan and Sandra Ng in 1957. This case is based on the succession issue facing Brian, the second-generation owner-manager of The Golden Nugget. Despite Brian's efforts to expose his children, niece and nephew to the business, he realised that none of the third generations showed an interest in taking over the family business. Upon discussion, Brian found three reasons (1) own goals and desires vs family conflict, (2) fear of sacrificing their freedom and (3) lack of work–life balance.
Keywords
Acknowledgements
Acknowledgements
The case illustrated is based on a real Asian family business located in Sweden. To protect the privacy of the family involved in this case, we have changed all names.
Citation
Rathakrishnan, T., Ge, B. and Irviana, L. (2024), "The Un-gleaming Fate of The Golden Nugget", Feranita, F., Lin, W.L., Khong, K.W. and Goh, S.K. (Ed.) Asian Family Business Case Studies, Emerald Publishing Limited, Leeds, pp. 13-21. https://doi.org/10.1108/978-1-83753-760-020241002
Publisher
:Emerald Publishing Limited
Copyright © 2024 Thanuja Rathakrishnan, Bingbing Ge and Lala Irviana. Published under exclusive licence by Emerald Publishing Limited