• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Comparing traditional and modern Chinese culture

Extracts from this document...

Introduction

Comparing traditional and modern Chinese culture After the Cold War, emerging economies comprising of Brazil, Russia, India and China in particularly (BRIC) were rapidly economic growth and developed into dominant economic power of the world replacing the G6. G6 consisting of France, the United States, Japan, German, Italy and the United Kingdom were the economic leaders and drove the world economy after the mid-1980s. (Steinbock 2008, cited by Wilson and Purushothaman et al. 2003). In addition, China turns into an attractive country which has lowest labor cost for direct foreign investment and foreign companies to run business in china especially after China participated with the World Trade Organization (WTO) as Steinbock (2008: 48) claimed that "in 2007, China maintained its position as one of the world's top destinations for foreign direct investment (FDI), with China's overall FDI inflows totaling US$ 82.7 bn". Besides, foreign-invested enterprises (FIE), which have a highly effect on China economy, controlled around 27 percent of value-added production and over 58 percent of foreign trade (Steinbock 2008, cited by USCBC 2007). At the end of 2007, the amount of Chinese outbound investment was approximately US$ 18.7 billions while the overall accumulative Chinese foreign investment in non-financial sector was US$ 93.7 billions (Steinbock 2008). For these reasons, many western investors are more interest and eager to learn Chinese culture because it is more deeply influence for Chinese business style and also has had a vital affect on management and corporation in China over the past few decades (Steinbock 2008, cited by Warner and Joynt 2002) ...read more.

Middle

Many twenties and thirties young urbanites have been opened to Western business styles by attending MBA programs or working in foreign organizations. The new generations tend to rely on their own qualifications in stead of get their positions through their old tradition, a guanxi network. They are likely to have more abilities and confident to make decision than their prior generation. They also have a tendency to speak directly and less tend to be worried about losing or saving face. People in Generation Y are more inclined to read book concerning business success by Warren Buffet or Donald Trump than the Analects of Confucius or Mao Zedong's the collective works. For new generation, making profit and getting forward are often more essential than concerns about damaged relationship between their colleagues or group dynamics. It can be concluded that, guanxi is very crucial for foreign business people to have a deep understanding Chinese traditional cultures such as face, guanxi and other subtle aspects of business Chinese cultures when doing business with older Chinese generation, Chinese colleagues with age over 35. Nevertheless, those cultures are quite less essential when meeting with the younger urbanites. The increasing significance of business principles and potentials makes it easier for foreign companies to run business without relying on complex of guanxi network in modern China mainland. The shift toward the rule of law in China also makes guanxi less necessary. However, guanxi is indeed still significant, in other words, guanxi is a simple fact of Chinese's lives that can help anywhere with having the right networks but it is not the golden ticket to acquiring good jobs and achieves business success in China any longer (Fox S, 2008). ...read more.

Conclusion

When received praise on superb home-cooked meal from guests, a Chinese host should be more liable to make a self-deprecating reply concerning the evening rather than accept an admiring comment about food. The accepting praises directly are also considered an impolite action. On the other hand, there are some differences between humility and humbleness. It is considered well-mannered to display humility in one's actions, the inclination of the China millionaires to show their wealth and prosperity is any actions while humble. The rich in China living in a gated society and driving a luxurious car is absolutely not humble whereas when asked about their business, they will state that the business is not to be doing well with the purpose of attempt to display humility (Fox S, 2008). Conclusion Even though, many modern Chinese cultures have been greatly changed from tradition cultures by western cultural influence such as Chinese hair style and clothes with obviously affects from western cultures but some tradition Chinese culture carry on to be a heritage pass thought next generation and still be a nucleus of modern Chinese culture, for instance Confucius and Guanxi network and face which continues embedded in Chinese people today. Modern Chinese cultural in term of guanxi network and Face a bit changes from traditional cultures which guanxi and face slightly less important among the new generation or Generation Y, who younger than 35 years. While, the new generation has more individualism than older people but they did not give up Confucius. Confucianism still diffuses over China mainland and strongly influences on attitude of younger generation in the present day. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our University Degree Management Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related University Degree Management Studies essays

  1. Marks & Spencer China

    Then, there is the third aspect: Promotion M&S uses different ways to promote its image and its product. First, because M&S established foreign stores in many countries, the Chinese have to be interested directly during its set up. Then, it is the "bouche � oreille" in French, that is to

  2. McDonalds and KFC: Recipes for Success in China

    Quick service restaurant chains aiming to enter such markets firms would have had to bear the costs of advertisement, product development, recruitment alone, and customers who have no previous experience about the firm's products (Dinlersoz and MacDonald, 2009). The most frequent customers would probably be foreign citizens living the country.

  1. Comparing six countries (China, Russia, Brazil, Vietnam, The Philippines and Spain) China is the ...

    The leisure days comprise major festivals, including the three "golden weeks" of Spring Festival, the Labor Holiday and the National Holiday, as well as the three-day New Year Holiday and weekends. 3. Increasing attention on health status? Death Rate is 6.43 deaths/1,000 populations 2001.

  2. Innovation For Business Success. It is possible to be innovative in both large ...

    Buxton (2009) believes that companies wanting to foster and encourage innovation should look to hire people "who do not require predictability and stability in order to be effective". Microsoft has implemented and believes in a process of hiring "T-Shaped" people.

  1. Comparing Leadership styles of Western and Asian Managers.

    leadership development. Having dispensed with their administrative staff and senior management colleges one or two decades ago, large corporations have spent th? past few years launching corporate 'academies' and 'universities'-and one ?f th? critical foci ?f activity for these new creations has been 'leadership'.

  2. THE IMPACT OF RELIGIOUS CULTURE ON INTERNATIONAL TRADE

    m?y ?nflu?nc? th? b?h?v??ur ?f ?c?n?m?c ?ct?rs. ?v?n ?n c?nt?xts th?t ?ssum? ? fr?? "m?rk?t" ?n r?l?g??ns ?nd ?ssum? ? r?t??n?l "c?nsum?r" ch??c? ?m?ng r?l?g??us ?lt?rn?t?v?s (St?rk ?nd F?nk?, 2000), th? b?h?v??ur ?f ?dh?r?nts ?s c?nstr??n?d by th?s? s?c??l c?nstruct??ns - th? b?h?v??ur ?f ?dh?r?nts m?y ?ls?

  1. Japan business culture

    Hence, Australian needs to make a plan briefly before launching the products in Japan. JAPAN BUSINESS CULTURE REPORT 1.Introduction This report is about Japanese business culture that is designed to provide information to marketing manager of Australian manufacturing woodworking tools Company.

  2. Report on Bata in India

    the customer to make a better choice of footwear, enabling improved conversion in the stores. 1. Family stores Family Stores are smaller in size and stock a narrower product width than the flagship stores. These stores are generally located in the shopping regions of metros as opposed to malls and standalone location of flagship stores 1.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work