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Business and Traditional Chinese Beliefs

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A lot of Chinese companies still hold firm to their traditional belief in how they run their business.

Do you think there is some way they can hold true to them and still advance into the future?

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Solution Summary

This solution looks at the traditional business beliefs and how this will affect their business.

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In his book "Inside Chinese Business", Ming-Jer Chen gave us a glimpse of how the Chinese merge traditional beliefs in running their businesses.
Here is a summary of the material:

Traditional Chinese Business Beliefs:
1. Serve family interests
2. Financial information is kept secret
3. Family and friends of family
4. Companies are not sold due to family obligations
5, Without advertising, sales are made via the family network
6. Senior managers are recruited from within the ...

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