The Anvil Business Club (Association of Young Filipino-Chinese Entrepreneurs warmly received Dr. Queena Lee-Chua, one of the country's most
bemedalled and sought-after educators in the lecture circuit, during the
Club's second Business Exchange Forum for 2015 as its guest-of-honor
and speaker. To say that we were truly honored to have a teacher who
exemplifies both excellence and knowledge to a superlative degree
gracing our Forum is an understatement, as it took us nearly six months
just to confirm her booking for that evening.
One of the
most-recognizable faces in the Ateneo de Manila University campus, where
she is a full professor of math and psychology, Dr. Queena's esteemed
presence during the Forum was a homecoming of sorts, as she served as a
member of Anvil's Board of Directors during the Club's nascen
t years. This perpetually cheerful coach – who possesses the uncanny ability to deconstruct extremely technical subjects, like math and science, into simple, and delightful mental morsels for scholastically-challenged simpletons (like yours truly) – has managed to capture the imagination of the evening's entire audience (numbering almost a hundred), as they stayed riveted in their seats for an entire hour-and-a-half.
Dr. Queena talked about the "Best Practices of Successful Family Businesses" – what really makes Filipino and Filipino-Chinese family businesses succeed? The discussion centered around the best practices based on actual cases and up-to-date literature, as she masterfully answered long-standing questions as: What are the common problems in family businesses? How can succession be managed well? How can employees be motivated to do good work? How can the next generation be trained to recognize their legacy? How can various generations (Baby Boomers, Gen X and Gen Y) work in synergy rather than in opposition?
And while she indicated that family businesses made up more than 57% of the United State's Gross Domestic Product, 63% of the workforce, and 35% of Fortune 500 companies, chilling statistics have demonstrated that family businesses are plummeting to an alarming degree. In the United Kingdom, for instance, 20% of first-generation businesses make it to the second; while only 10% make it to the third. In the United States, only 3% make it to the fourth generation and beyond. This goes true for family businesses in the Philippines, as 80% of the well-known firms are run by Chinese-Filipinos.
Dr. Queena gave a few insights on the most-common problems encountered in family-run enterprises, chief among which centered on the founder's obtuse refusal to let go; the resistance to professionalize; sibling rivalry; the role of third-generation cousins and in-laws; as well as the risk of having non-family members enter the business. She also emphasized the pivotal role that parents play in molding children to develop good study and work habits, instilling in them the power of internal motivation rather than external pressure, and the values of taking responsibilities for themselves (as opposed to spoon-feeding them).
Dr. Queena Lee-Chua graduated from the Ateneo de Manila University in 1987, with a degree in BS Mathematics, summa cum laude. She also received a master’s degree in Counseling Psychology and a doctorate degree in Clinical Psychology from the same university, where she is now a full Professor. A frequent speaker for schools, government, civic groups, and business, she is also a consultant to schools, NGOs, education groups, the Department of Education, and the Department of Science and Technology (DOST). A past governing member of the National Book Development Board, she specializes in mathematics and science education and learning psychology, popular math and science, parenting, teen, and children’s issues. She was a recipient of the prestigious TOYM (The TOYM Philippines: The Outstanding Young Men Awards), TOWNS (The Outstanding Women in the Nation’s Service), and MetroBank Foundation's Awards Program's Outstanding Teacher of the Philippines award, among many, many other nationally-renowned accolades.
Indeed, she epitomizes the ideal educator – exceedingly competent, acutely compassionate, strikingly conscientious, and possessing an unimpeachable character.
t years. This perpetually cheerful coach – who possesses the uncanny ability to deconstruct extremely technical subjects, like math and science, into simple, and delightful mental morsels for scholastically-challenged simpletons (like yours truly) – has managed to capture the imagination of the evening's entire audience (numbering almost a hundred), as they stayed riveted in their seats for an entire hour-and-a-half.
Dr. Queena talked about the "Best Practices of Successful Family Businesses" – what really makes Filipino and Filipino-Chinese family businesses succeed? The discussion centered around the best practices based on actual cases and up-to-date literature, as she masterfully answered long-standing questions as: What are the common problems in family businesses? How can succession be managed well? How can employees be motivated to do good work? How can the next generation be trained to recognize their legacy? How can various generations (Baby Boomers, Gen X and Gen Y) work in synergy rather than in opposition?
And while she indicated that family businesses made up more than 57% of the United State's Gross Domestic Product, 63% of the workforce, and 35% of Fortune 500 companies, chilling statistics have demonstrated that family businesses are plummeting to an alarming degree. In the United Kingdom, for instance, 20% of first-generation businesses make it to the second; while only 10% make it to the third. In the United States, only 3% make it to the fourth generation and beyond. This goes true for family businesses in the Philippines, as 80% of the well-known firms are run by Chinese-Filipinos.
Dr. Queena gave a few insights on the most-common problems encountered in family-run enterprises, chief among which centered on the founder's obtuse refusal to let go; the resistance to professionalize; sibling rivalry; the role of third-generation cousins and in-laws; as well as the risk of having non-family members enter the business. She also emphasized the pivotal role that parents play in molding children to develop good study and work habits, instilling in them the power of internal motivation rather than external pressure, and the values of taking responsibilities for themselves (as opposed to spoon-feeding them).
Dr. Queena Lee-Chua graduated from the Ateneo de Manila University in 1987, with a degree in BS Mathematics, summa cum laude. She also received a master’s degree in Counseling Psychology and a doctorate degree in Clinical Psychology from the same university, where she is now a full Professor. A frequent speaker for schools, government, civic groups, and business, she is also a consultant to schools, NGOs, education groups, the Department of Education, and the Department of Science and Technology (DOST). A past governing member of the National Book Development Board, she specializes in mathematics and science education and learning psychology, popular math and science, parenting, teen, and children’s issues. She was a recipient of the prestigious TOYM (The TOYM Philippines: The Outstanding Young Men Awards), TOWNS (The Outstanding Women in the Nation’s Service), and MetroBank Foundation's Awards Program's Outstanding Teacher of the Philippines award, among many, many other nationally-renowned accolades.
Indeed, she epitomizes the ideal educator – exceedingly competent, acutely compassionate, strikingly conscientious, and possessing an unimpeachable character.
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