Culture and Ethics in Asian Business Relations & Doing Business in China

9 important questions on Culture and Ethics in Asian Business Relations & Doing Business in China

What is Long Term Organization (LTO) versus Short Term Organization in Hofstede's dimensions?

Describes how every society has to maintain some links with its own past while dealing with the challenges of the present and future.

  • Normative societies, which score low on this dimension, for example, prefer to maintain time-honored traditions and norms while viewing societal change with suspicion.
  • Those with a culture which scores high, on the other hand, take a more pragmatic approach: they encourage thrift and efforts in modern education as a way to prepare for the future.

What are Confucius' values?

Filial piety (respect for parents)
Humaneness (care and concern for other humans)
Ritual consciousness (behaving correctly at the great moments of life, but also in everyday situations)

  • (Shared by East Asian Countries)

What is reciprocity (giri)? Which is important in Japan and China.

Empathy in communication instead of being explicit (direct).
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With with index's can you explain the sensitivity towards power (Authority)?

It is explained with the PDI (power distance index), and with the UAI (uncertainty avoidance index)

What is confucianism? And which country is influenced by this?

Confucianism is a strict system of norms and propriety. Chinese culture is influenced by confucianism.

What is the concept of guanxi? And how can you build guanxi?

The concept of guanxi is having personal trust and a strong relationship with someone. (personal network/relationship)
You can build guanxi by reciprocity (positive responding), and trust.

What is the concept of mianzi (face)?

The ideas of honor, dignity, self-worth, and prestige that a person feels when in social situations. Face can be lost, given, or even fought for.

What is the Organisation for Economic Co-operation and Development (OECD)? And which country signed it, which led to simnifically improvement of corporate governance since 1990?

The mission of the Organisation for Economic Co-operation and Development (OECD) is to promote policies that will improve the economic and social well-being of people around the world.

China signed this.

What are some challenges for the Corporate Governance Framework when looking at Chinese Culture and the Business Context?

Challenges are clear legislation, dispute resolution mechanisms free from political interference, and boardrooms are independent of the government.

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