Asian business values
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Business Objectives Chinese business practices and Western capitalism fit together seamlessly. This contrasted with perceived European ideals of the universal rights of man. Corporate leadership, while still receiving deference, is less hierarchical and more democratic with a deliberate effort to improve management skills. Extolling thrift, Chinese businesses have been efficient in using resources with the results being high productivity and profitability. A number of criticisms of Asian values have been made. Confucian values blended with Western capitalism have created a business culture that favors a true entrepreneurial spirit.
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Understanding Chinese Business Practices
When China opened its economy to free market capitalism and investment from the West in , it opened the door for a revolution in the way that business was conducted. But old traditions die hard and the Chinese business climate today is a blend of the old and the new. Decision-making was -- and still is -- centralized, with others following directions to promote the good of the organization. He partly defended Asian values by placing emphasis on co-operation over competition. Dismantling the East-West Dichotomy. Saving face, a social value, also found its way into business, and relationships were respected even if they resulted in lost profits or opportunities.
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Harmony versus conflict in asian business
With the high respect for senior family members, the father headed the business with other relatives filling key management positions. The growth of the Chinese economy since is testimony to the value of these traditions,. Proponents of so-called "Asian values", who tend to support Asian-style authoritarian governments,  p13 claim these values are more appropriate for the region than Western democracy with its emphasis on individual freedoms. Business Objectives Chinese business practices and Western capitalism fit together seamlessly. Saving face, a social value, also found its way into business, and relationships were respected even if they resulted in lost profits or opportunities. Studies of rice farming have indicated how large-scale agriculture affected the collectivist mindset of East Asians.
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