Management Style in ‘Chinese Capitalism’

Fang Lee Cooke

in Chinese Studies

ISBN: 9780199920082
Published online April 2013 | | DOI:
Management Style in ‘Chinese Capitalism’

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  • East Asian Studies
  • Asian History
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Interest in the study of Chinese management began in the 1980s, after China adopted its Open Door economic policy in 1978. Since the 1980s, the country has entered a period of dramatic economic growth and profound social change that has seen the drastic shrinkage of the state sector and the rapid expansion of the private sector on both the domestic and foreign investment fronts. Whereas the Chinese government describes this transformation as “marketization with socialist characteristics,” Western business commentators and academics have increasingly dubbed it “Chinese capitalism” or “state capitalism.” The marketization of the economy requires managers in state-owned enterprises to adopt a new mind-set in managing their businesses within the loosening grip of state control, on the one hand, and reduced state protection, on the other. Marketization also creates opportunities for millions of entrepreneurs, large and small, to fill the marketplace in various parts of the country. In the 21st century, both state and private entrepreneurship are expanding into the global arena, in part pushed by the Chinese government’s Go Global policy and in part lured by new market opportunities, especially in less developed economies. The internationalization of Chinese firms presents further challenges to Chinese managers because of their limited international expertise. Analysis of management style in Chinese capitalism needs to be situated in this evolving business context.

Article.  9940 words. 

Subjects: East Asian Studies ; Asian History ; East Asian Philosophy ; East Asian Religions

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