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The Impact of Confucianism on Chinese Family Business: Ideology and Practice

Xin Zhang

Abstract


The goal is to investigate the difference between Confucianism ideologies and practical performance of Chinese family business responding to the present changes. Interviewees from different firms are invited to present detail information based on a semi-structured interview.It has been found certain Confucianism features are common ideologies and different companies share similarities in treating employees and customers. Besides, it is identified that social changes challenge the traditional Confucianism ideologies. Therefore, leaders in family enterprises begin to decentralize power and start to count remuneration on personal performance to enhance motivation and efficiency.

Keywords


Confucianism; Chinese Family Business; Social Change

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References


BBC (2006) China Warned On Gender Imbalance [online] available from [10 July 2021]

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Tsang, W.K. (2002) ‘Learning from overseas venturing experience: The case of Chinese family businesses’. Journal of Business Venturing 17(1), 21–40.

Weidenbaum, M. (1996) ‘The Chinese family business enterprise’. California Management Review 38(4), 141–156.

Zhang X., Venus, J. and Wang, Y. (2012) ‘Family ownership and business expansion of small- and medium-sized Chinese family businesses: The mediating role of financing preference’. Journal of Family Business Strategy 3(2), 97-105.




DOI: http://dx.doi.org/10.18686/mmf.v6i2.4266

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