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As an old kind of enterprise organization form, the family firm has widely been used and developed too much extent. It is now one of the main forces to impulse the economic rise and the structural regulation in China. In the face of the bran-new competitive environment, continuous transform and high uncertainty, especially the current impact of financial crisis, it is important for the family firm to hold an excellent team of top management in order to keep its advantages in competition. Therefore, the discussion on the construction of the top management team of family firm is needed urgently.The top management team of family firm is the subgroup relative to the top managers who are capable of decision-making and implement, including CEO﹑general managers and the top managers who directly report their work to the general managers. The top management team takes on different characters in different lifecycle of family firm. If we grasp this, construct the team dynamically and make it fit the development of family firm, then we can prolong the family firm’s life. The construction of the top management team is in favor of the gather of collective wisdom, the guarantee of decision-making quality and the stabilization of family firm. Hence, the construction of the top management team plays a vital role in the long-term development of family firm.There are many factors influencing the construction of top management team, including the culture of family firm, the trust in the team members, the individual characters of members, the team structure. At present, the construction faces some problems in practice, for example, the incomplete exterior environment, the lack of enough regard and positivity of the members, nonstandard interior operation. The main reason causing all these is that several bottlenecks have not yet broken through.The System innovations of the construction of top management team in family firm can be promoted by introducing modern managing ideas, perfecting managing structure, supplying favorable system; the guarantee mechanism of the construction established and improved through talent importing mechanism, group decision making mechanism, excitation mechanism, restraining mechanism, protrusive mechanism of the top governors and successor mechanism;the excellent top management team made by creating business culture beyond family, fostering ability of team study, standardizing the run of team right deployment, encouraging team conflict, effective communication and stimulus, and regarding scalar construction.
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