The Existence of Tjong Yong Hian Family Business in Development Dynamics of Medan City

DOI

10.2991/icosop-17.2018.14How to use a DOI?

Keywords

Tjong Yong Hian; Budihardjo Tjandra; Family Business; Development

Abstract

This paper examines how the existence of Tjong Yong Hian family business. Tjong Yong Hian is a colonial Chinese businessman who has achieved great success and success at a young age. His business developed not only in the field of the plantation but also the field of banking, real estate, and railways. In addition to success, Tjong Yong Hian is known to be a benefactor in social activities not limited to his own group, but for the benefit of everyone. His wealth is certainly inherited to the next generation. However, the inheritance wealth is unproductive and thrives so that it will be destroyed until the third generation. The struggle for the reopening of the company's business was initiated by Budihardjo Chandra who is a great-grandchild of Tjong Yong Hian. Under the leadership and struggle of the fourth generation of family businessTjong, Yong Hian achieves success and can contribute to the development of Medan City. This research uses qualitative research methods through field research, document studies, and in-depth interviews.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Pin
PY  - 2017/12
DA  - 2017/12
TI  - The Existence of Tjong Yong Hian Family Business in Development Dynamics of Medan City
BT  - Proceedings of the 2nd International Conference on Social and Political Development (ICOSOP 2017)
PB  - Atlantis Press
SP  - 89
EP  - 93
SN  - 2352-5398
UR  - https://doi.org/10.2991/icosop-17.2018.14
DO  - 10.2991/icosop-17.2018.14
ID  - 2017/12
ER  -