Scribd Logo
Upload

Welcome to Scribd!

  • Assertion, Evidence, Evaluation: Wang Grew Rapidly

    Uploaded by

    cariusernameajasusah
    42 views1 page
    Wang Laboratories grew rapidly under its founder An Wang to become a major computer maker, but dramatically fell after his retirement. When his son Fred took over, the company quickly posted losses, lost 90% of its value within 4 years, and eventually declared bankruptcy as Fred was unable to effectively lead the company. While a high-tech American business, Wang Laboratories demonstrates that Chinese companies continue to rely on family ties, which provides the initial social capital but also imposes limitations preventing evolution into large, enduring institutions.

    Original Description:

    assertion

    Original Title

    Assertion

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Wang Laboratories grew rapidly under its founder An Wang to become a major computer maker, but dramatically fell after his retirement. When his son Fred took over, the company quickly posted losses, lost 90% of its value within 4 years, and eventually declared bankruptcy as Fred was unable to effectively lead the company. While a high-tech American business, Wang Laboratories demonstrates that Chinese companies continue to rely on family ties, which provides the initial social capital but also imposes limitations preventing evolution into large, enduring institutions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    42 views1 page

    Assertion, Evidence, Evaluation: Wang Grew Rapidly

    Uploaded by

    cariusernameajasusah
    Wang Laboratories grew rapidly under its founder An Wang to become a major computer maker, but dramatically fell after his retirement. When his son Fred took over, the company quickly posted losses, lost 90% of its value within 4 years, and eventually declared bankruptcy as Fred was unable to effectively lead the company. While a high-tech American business, Wang Laboratories demonstrates that Chinese companies continue to rely on family ties, which provides the initial social capital but also imposes limitations preventing evolution into large, enduring institutions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    Assertion, Evidence, Evaluation Chinese Business Practice: The case of Wang Laboratories Wang Laboratories of Lowell, Massachusetts began

    as a small family business. A maker of computers, Wang grew rapidly and had revenues of US$2.28 billion by 1984, and at one time employed 24,800 people in the Boston area. All seemed to go well until An Wang got ready to retire in the mid-80s. Wang Laboratoriessubsequent fall was dramatic even by the standards of the unpredictable computer industry. The company posted its first loss the year after Fred Wang took over the business. 90% of its market capitalization had disappeared within 4 years, and in 1992 it filed for bankruptcy. The elder Wang was finally forced to admit that his son couldnt handle the job and had to fire him. The story of Wang Laboratories, although far removed from China itself, shows us a fundamental truth about Chinese business; despite the modern facade of Chinese business around the world, it continues to be based on family ties. The Chinese family provides the social capital to start up the business, but it also imposes a limitation, which prevents them evolving into lasting, large scale institutions.

    You might also like