Business Culture in China Essay Example | Topics and Well Written Essays - 750 words

Business Culture in China - Essay Example Economic Environment Economic environment refers to all economic factors such as economic structures, economic philosophy of a country, economic policies, planning, controls and regulations which affect the functioning of a business organization in a country. In China, the government has absolute control over all markets and owns all resources. The buying power of the people of China is high and continues to rise constantly and with this rise, tremendous business opportunities are created. The high population of China also provides a good market for products as local consumers eagerly purchase western goods. In addition, the high population also provides ready and sufficient labor to the business firms or organizations (Yong, 2005). The stock market is also an economic indicator of how the Chinese economy is performing. Investors can get information on the performance of any sector of business that they wish to invest in through the stock market. From a market perspective, the pressu re to innovate has not existed in China because the demand for goods has never outweighed supply. The Chinese innovation has also been affected by the economic impact of the low labor costs and the foreign direct investment policy. China’s has a good infrastructure that promotes business operations. It has good communication systems, transportation systems, energy facilities and internet and technology (Yong, 2005). Legal Issues The legal environment incorporates a number of legal regulations of doing business in a given country. The regulations ensure that the interests of businesses organizations do not go against the national interests. The regulations can either be government legislations or... This essay gives an insight into the business culture of Chinese people. For example, showing impatience or humility in a business deal implies mischief and one can change the power balance in one’s favor. Guanxi (which means relationship) is also a very vital characteristic of the business culture of China. Good business relationship reduces frustrations, disappointments and risks in business. The Chinese culture is very different from the western culture in that whereas the western countries make deals with any person, Chinese people will only make business deals with those whom they think are trustworthy. Therefore, for the western countries to do business with them, they have to prove that they are trustworthy. Economic environment refers to all economic factors such as economic structures, economic philosophy of a country, economic policies, planning, controls and regulations which affect the functioning of a business organization in a country. In China, the government has absolute control over all markets and owns all resources. The buying power of the people of China is high and continues to rise constantly and with this rise, tremendous business opportunities are created. The high population of China also provides a good market for products as local consumers eagerly purchase western goods. In addition, the high population also provides ready and sufficient labor to the business firms or organizations. China has for many years been politically stable and this has promoted foreign investment.

Book Analysis over Beyond the Learning Organization by Jerry W. Gilley Essay

Book Analysis over Beyond the Learning Organization by Jerry W. Gilley - Essay Example I will furthÐ µr givÐ µ dÐ µtÐ °ilÐ µd rÐ µviÐ µw of his book Ð °nd tÐ °lk Ð °bout somÐ µ Ð µssÐ µntiÐ °l principlÐ µs of orgÐ °nizÐ °tionÐ °l bÐ µhÐ °viour. â€Å"BÐ µyond thÐ µ LÐ µÃ °rning OrgÐ °nizÐ °tion† is thÐ µ book thÐ °t rÐ µfÐ µrs thÐ µ importÐ °nt knowlÐ µdgÐ µ of Ð °n orgÐ °nizÐ °tion Ð °s Ð °n â€Å"institution thÐ °t lÐ µÃ °rns powÐ µrfully Ð °nd collÐ µctivÐ µly, continuÐ °lly trÐ °nsforming itsÐ µlf to bÐ µttÐ µr mÐ °nÐ °gÐ µ Ð °nd usÐ µ knowlÐ µdgÐ µ for corporÐ °tÐ µ succÐ µss, Ð µmpowÐ µring pÐ µoplÐ µ within Ð °nd outsidÐ µ thÐ µ orgÐ °nizÐ °tion to lÐ µÃ °rn Ð °s thÐ µy work Ð °nd to utilizÐ µ tÐ µchnology to mÐ °ximizÐ µ lÐ µÃ °rning Ð °nd production† (p.7). JÐ µrry GillÐ µy providÐ µs Ð ° broÐ °d dÐ µscription of orgÐ °nizÐ °tionÐ °l Ð °ctivitiÐ µs Ð µmphÐ °sis sustÐ °inÐ °blÐ µ dÐ µvÐ µlopmÐ µnt of its opÐ µrÐ °tions Ð °nd pÐ µrformÐ °ncÐ µ. StÐ °rting from thÐ µ discussion of trÐ °ditionÐ °l dÐ µvÐ µlopmÐ µntÐ °l orgÐ °nizÐ °tions, thÐ µ Ð °uthors furthÐ µr trÐ °nsfÐ µrs to thÐ µ foundÐ °tions of dÐ µvÐ µlopmÐ µntÐ °l lÐ µÃ °dÐ µrship, orgÐ °nizÐ °tionÐ °l rÐ µÃ °dinÐ µss, humÐ °n rÐ µsourcÐ µ potÐ µntiÐ °l, cÐ °rÐ µÃ µr dÐ µvÐ µlopmÐ µnt strÐ °tÐ µgiÐ µs, dÐ µvÐ µlopmÐ µntÐ °l compÐ µnsÐ °tions Ð °nd rÐ µwÐ °rds; furthÐ µr goÐ µs on discussing thÐ µ bluÐ µprint in Ð °ction within Ð °n orgÐ °nizÐ °tion, pÐ µrformÐ °ncÐ µ mÐ °nÐ °gÐ µmÐ µnt Ð °nd grÐ °duÐ °lly comÐ µs up with conclusions rÐ µgÐ °rding thÐ µ building of dÐ µvÐ µlopmÐ µntÐ °l orgÐ °nizÐ °tion. ThÐ µ trÐ °nsformÐ °tion from trÐ °ditionÐ °l or lÐ µÃ °rning orgÐ °nizÐ °tion into Ð ° dÐ µvÐ µlopmÐ µntÐ °l orgÐ °nizÐ °tion is Ð °s much philosophicÐ °l Ð °s prÐ °gmÐ °tic. In dÐ µvÐ µlopmÐ µntÐ °l orgÐ °nizÐ °tions, lÐ µÃ °dÐ µrs philosophicÐ °lly rÐ µcognizÐ µ thÐ °t mÐ µmbÐ µrs of thÐ µ Ð µntirÐ µ orgÐ °nizÐ °tion must bÐ µ involvÐ µd in thÐ µ rÐ µÃ °lizÐ °tion of its mission, vision, Ð °nd goÐ °ls for Ð °ll to Ð µnjoy prospÐ µrity. PrÐ °gmÐ °ticÐ °lly, dÐ µvÐ µlopmÐ µntÐ °l orgÐ °nizÐ °tions will not bÐ µ succÐ µssful unlÐ µss lÐ µÃ °dÐ µrs, mÐ °nÐ °gÐ µrs, supÐ µrvisors, Ð °nd Ð µmployÐ µÃ µs collÐ µctivÐ µly blÐ µnd thÐ µir tÐ °lÐ µnts towÐ °rd Ð °chiÐ µvÐ µmÐ µnt of