Microenterprises have played a significant role in Taiwan's economic development and carried much weight.According to the White Paper on Small Medium Enterprises (SMEs) published by the Ministry of Economic Affairs (Wu, 2014), the microenterprises that employ less than 5 persons in Taiwan accounted for 70 percent of all its enterprises; the turnover by these microenterprises accounted for about 10 percent of the total amount and they employed a total of about six hundred thousand people. They had an average annual sales at about NT$3 million, with averaged fixed assets at NT$4 million. The contribution of microenterprises to Taiwan's economic development is shown by their role in the information and communication (manufacturing) industry. Despite the percentage of the microenterprises with less than 5 people is considerable in the sector of food and retail sales, those employing less than 5 persons in the information and communication industry also account for 25 percent thereof. As little as the production value of these microenterprises is, they play an indispensable part in supplying components to the big players.

Family business has to face issues such as ownership issue, governance structure issue and succession issue, etc. in enterprise development history. Among them, the succession issue is an important transition point in enterprise’s survival and development. It is thus thought of as one of the most important strategic and decision making issues in the enterprise. This article aims at investigating the succession model of Family business. First, reviews are done on the meaning of Family business. Next, reviews and comments are made on the related models of the succession of Family business. It can be seen from the research that the ways of succession of Family business can be divided into process point of view and psychological point of view. Finally, main conclusions of this article are summarized and perspectives are also made on the future researches.

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This paper aims to examine the criteria for strategy formulation in the consideration of potential acquisition values in a multiple-stage acquisition process. This paper uses a case study to attempt to construct the valuation of a reasonable acquisition value based on the real options method. The implied potential value measured in different stages of horizontal acquisitions is referred to as the basis to decide the best strategies and the choice of exits, and to determine the optimal acquisition price in negotiations. Comparing with the traditional valuation methods, it demonstrates more flexibility in the negotiation mechanism in the multiple-stage acquisition and that can protect the optimal price for both parties.