Entrepreneurial familism is a concept formulated by Siu Lun Wong to challenge the modernization theorists' negative interpretation of the traditional Chinese family. Entrepreneurial familism has three components: paternalistic management (the use of the family metaphor to manage the company), nepotism (the hiring of the boss's relatives), and the family mode of ownership. Siu Lun Wong shows that these three components enable the family to act as the motor of economic development of Hong Kong in the post-World War II era.