Chapter

Describing Business Systems

Gordon Redding and Michael A. Witt

in The Future of Chinese Capitalism: Choices and Chances

Published in print January 2010 | ISBN: 9780199575879
Published online October 2011 | e-ISBN: 9780191702204 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199575879.003.0002
Describing Business Systems

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This chapter presents the analytical framework that forms the basis for most of the rest of this book. It reports the characteristics of the state, key historical events, and external influences. It then turns to a way of gathering together the components of an explanation and exploring how the evolutionary process works. It needs to begin with an idea of certain core features as desirable. The organizations in a loose sense are tackled, as they exist in many forms and with many structures holding them together. The features that organizations need to have to survive and prosper include efficiency, learning and change. It also addresses how meaning shape order, how order shape business coordination, how the system of coordination influence the emergence of certain forms of industry of relevance to an economy's competitiveness and why, in crude terms, the best companies in most main industries, originate in just one or two societies. Systems of capitalism are difficult, internally integrated, constantly evolving, suited to certain competitive responses, and slow to change radically.

Keywords: business system; evolutionary process; economy; capitalism; business

Chapter.  8736 words.  Illustrated.

Subjects: International Business

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