Explain Some Of The Forman And Informal Business Rules In China

1357 words - 5 pages

IntroductionThere are different business rules in different countries, same as China. As usual, business rule was divided into formal rules and informal rules. In the essay, I will try to explain some of the formal and informal business rules in China.Formal RulesFormal rules refer to the rules made by laws or government regulations, according to which firms must do or cannot do in doing business. More importantly, government often plays an important role in formulating formal rules. In China, different government carries out completely different formal rules in different times. The changes of businessmen are a good example of formal rules.During the period of Mao's rules, China experienced two violent political mass movements, the Great Leap and Cultural Revolution, which inflicted great suffering on the nation. At that moment, Mao Zedong carried out the policy was "everything were belong to the Communist Party, belong to the country". In other words, the government controlled every industry lines. Nobody can be allowed to do business. However, at that moment, China government has lack of experienced people in running business, the sales volume of these firms were not as good as they owned by the previous family. And these families have escaped to overseas already, or they will be taken into jail.After Mao Zedong died in 1976, Deng Xiaoping became the most influential political official in China. Beginning in 1978 Deng took steps to repair the damage of the Cultural Revolution and initiated the Reform and Opening. The reform and Opening can be divided into three stages. The initial stage of reform took place between 1978 and September 1984. The reform in this stage was focused on the rural area. In the urban areas experiments on expanding enterprise power were carried out, and enterprises were required to pay taxes instead of handing over their profits. For special economic zones and 14 coastal open cities were established, while further emphasis was placed on opening to the world. At that moment, people began to be allowed to do some business in special economic zones.The second stage was from October 1984 to December 1991. Deng focused on the reform of state-owned enterprise, and price system reform was also major task. The government mandatory plan was decreased at a large scale and the investment authority was terminated. During this period, the China's economic was unprecedented developed in a fast speed. Some foreign investors began to enter into China and looked for their business partners. I should say that the investors gained a large number of benefits than the followers. As the first group of foreign investors, the government provided them a lot of favorable policies to encourage them to set up factories or build their own representative offices. Followed with a variety of investment, the Chinese people who were in the real estate industry have become the predecessors of millionaires in China.The third period from January 1992 to the...

Find Another Essay On Explain some of the forman and informal business rules in China

How To Succeed In Business By Breaking All The Rules

1808 words - 7 pages How To Succeed In Business By Breaking All The Rules In How To Succeed In Business By Breaking All The Rules it states that to succeed in business one must be able to use an unorthodox style which allows that person to break free from ancient ways of thinking and be able to use new ideas in developing entrepreneurial and business skills. One way this will be proven is to look at how positive thinking and motivation hamper people in

Examine some of the ways Marxists explain crime.

560 words - 2 pages Examine some of the ways in which Marxists explain crime.One way in which Marxists examine crime is the idea that they feel crime is inevitable in capitalism because capitalism in itself is criminogenic. Due to capitalism being based on exploiting the working class by using them as a means of making profit, this is therefore damaging to the working class and arguably explains why crime is committed. Due to the exploitation of the working class

Doing business in Colombia and China

1767 words - 7 pages Executive SummaryChina and Colombia are two different countries with different culture, language and traditions. China has been the fastest growing economy for 20 years and worldwide companies have been highly attracted to that huge market for its revenue potential. On the other hand, Colombia represents a stable economy which is growing at a good pace attracting investors from around the world.To start doing business in any of the two countries

The Importance of Informal Education

1386 words - 6 pages of the public and explain scientific findings in ways that the public can use. There are three major themes regarding informal education. The first is curiosity or intrinsically motivated learning. Intrinsically motivated learning is the wanting to learn that comes from within a student, not from an outside source like a teacher. Second is that it offers multiple modes of learning, and last is exploration during the learning process and

Importance of Strategic Planning and Management in the Business Environment Explain why a strategic plan would be important to the success of this business. Explain the four functions of management.

953 words - 4 pages being the owner, I have the yeah or nay when it comes to decisions. However, in order to have a successful business, your employees should have a say in some decision-making. This ensures that the company works together to obtain set goals.Finally devise an action plan. List possible and specific courses of action then choose what all you deem as most suitable. Define a schedule for everything but also give leeway for unexpected delays. During

These notes explain some basic laws and definitions of energy in general and how organisms use energy.

905 words - 4 pages another form, there is an increase in disorder or randomness)Entropy - the amount of disorder in a systemHeat is a form of disorder (random molecular motion)ex 1: fuel in tank of car - all of the chemical energy that isconverted into kinetic energy will eventually beconverted into heat energy. When stopping car, thefriction between the tires and the road and the brakesand the tires creates heat.ex 2: Cells - creates ordered structures from less

Critical review of Jagersma and van Gorp(2003)"Still searching for the pot of gold: doing business in today's China" in Harvard Business Review.

1466 words - 6 pages . 1998, p: 425). The process of Chinese economy development has been greatly accelerating when China joined the World Trade Organization (WTO) in 2001."China agreed to undertake a series of commitments to open andliberalize its economy in order to better integrate with the world andto offer a more predictable environment for trade and foreign investmentunder WTO rules", (Equant, 2003)Especially, to obtain maximum profits and enlarge business scale

This Essay studies the informal waste management system in india in the context of spontaneous order and a libertarian tradition.

3129 words - 13 pages collection to small waste traders again at some fixed priceSmall waste traders sell to medium waste dealersMedium waste dealers sell to large waste dealersLarge waste dealers sell segregated waste back to their source or to factory outlets- e.g. newsprint to newspapers, computer waste to re-assemblers etc.The flow of waste in practise never takes place in such a linear manner. The actual flow is replete with cross buying and cross selling, as follows

Explain what is meant by the biosphere and ecological diversity and give examples of some major biomes

2057 words - 8 pages winter months. Some examples of fauna - herbivores such as white-tail deer, gray squirrel, and chipmunk and omnivores like the raccoon, skunk and black bear.TaigaThe taiga or boreal forest exists as a nearly continuous belt of coniferous trees that extend over vast areas of Russia, Scandinavia and North America. Primarily this type of forest sustains needle leaf coniferous evergreen gymnosperms; except in large areas of north-eastern Siberia

Business in China

1314 words - 5 pages key part of business in China, and many should be established. Also, while doing business, avoid negative phrasing, and leave a concerned approach as if no offer is off the table. Business is preferred face to face as opposed to over the phone, as well (Chinese Business Culture). In perspective, the real rules for social and cultural aspects of business in China is every day etiquette, as they appreciate relationships, kindness, and real

American Business in China

1285 words - 5 pages American Business in ChinaAs Americans we have come to believe that our country is the home of the free and the brave and the land of opportunity. However, the truth is that even though we are the most modern of nations and the most technologically advanced there are other areas of the world where opportunity is greater. China is a nation with a large population and many resources. This is a country that is largely untapped as a resource, and as

Similar Essays

Explain The Importance Of Groups. Elaborate On The Significance And The Influence Of The Informal Groups In An Organization?

959 words - 4 pages .· Effective CommunicationA group consists of different individuals with complimentary skills. Communication is very important tool, which helps in building team oriented relationship marked by cooperation, honesty, accuracy, and mutual respect. The exchange of ideas happens in more informal way. This in turn leads to certain ideas emerging from certain individuals who otherwise would have not been able to express themselves.Definition of

The Ccr And Ccd Contain Some Of The Same Standard Rules

1126 words - 5 pages physicians to refer and transfer the most prominent information about their patients to another physician in order to create a better care plan for patients. The CCR and CCD contain some of the same standard rules and transmit the data in the same way by being an XML based format. However, the main difference between the two standards is that the CCR only compatible with other systems that support the CCR and the CCD is compatible with systems

Comparing Business Life In China And The United States

1649 words - 7 pages be spent, and regulation that limits how entertainment can be handled. Again, in a communist state, fewer rules apply. This idea of relationship also prevents a darker skinned man, a black man, from being successful in doing business in China. The Chinese have a stigma about darker skin that lends them to believe they aren’t as trust worthy and makes the Chinese hesitant to do business with people of darker skin. The executive at KPMG

Some First Hand Observations Of China In The Run Up To The Beijing Olympics

1031 words - 4 pages In 2008, less than 20 years after the Tiananmen Massacre, Beijing will stage the Olympic Games. To compare this prestigious awarding of a fascist regime to that of a previous one is unfair; the 1936 games in Berlin was awarded before Hitler came to power. China today is a posterboy for fascism, a model working definition of those governments I refer to in my history class, where a one-party dictatorship employs a market economy and controls a