The Dragon Millennium by Frank-Jurgen Richter

The Dragon Millennium by Frank-Jurgen Richter

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Description

Already the world’s third largest economic power, China presents enormous potential for businesses worldwide. Opportunities abound, and despite current economic crises throughout Asia, Richter and the contributors to this unique volume are convinced that opportunities in China can only increase. They explore and analyze these opportunities and the management practices that implement them. In doing so they study the Chinese economy, forecast the future of Chinese business organization, and assess China’s place in the coming global economy. Recent developments in the Chinese economy show how Chinese firms actively pursue new strategies to shape their organizations. The current Asian crisis will radically alter the patterns of doing business in China, and Richter and his contributors explain how Western firms can cope with these ongoing changes. Other books, usually from the Western viewpoint, tend to describe only the present structure of the Chinese economy. Richter’s looks at it from China’s viewpoint and advocates a dynamic approach to the study of Chinese organizations. The analytical scope of the book concentrates more thoroughly on transforming organizations’ structures than is found in other mainstream studies. Their book is thus a true inside view of China’s economic and business structures, by people who have studied and know it intimately-a book that will help corporate executives and their academic colleagues appreciate China’s vitality and understand the reasons for her optimism. Although knowledge of China is growing it still remains relatively sparse, considering the rise to prominence of Chinese business enterprises. Richter and his Chinese experts (visionaries he calls them) seek to fill the gaps. They look at the complex questions associated with the concept of ownership and control in China and address economic policy and the development of the Chinese firm. They look at the development path of some selected industries, then itemize the challenges that multinational companies face in China, ending with a discussion of a hypothetical way of managing. All of the contributors are members of the worldwide Chinese business and academic communities. The research presented inspires further academic discourse and managerial policy in face of evolving Chinese reality. The book supplies expert knowledge and support for business practitioners, policy analysts, scholars and students in China and abroad.

REVIEW

The book shows that the Chinese dragon is so adapted to its historical habitat that a mutation may be required for it to survive elsewhere, and that no Western entrepreneur should enter its lair without having studied it carefully. For such study, this publication is a useful starting place.?-Personnel Psychology

ABOUT THE AUTHOR

FRANK-JURGEN RICHTER has lived, worked and traveled extensively throughout Asia. Fluent in Mandarin and Japanese as well as his native German, he holds a doctorate from Stuttgart (Germany) University, has studied business administration and mechanical engineering, and done other postgraduate work at Tsukuba University, Tokyo. Dr. Richter has written articles for various professional and scholarly journals, authored two books, and is the editor of a previous book for Quorum, Business Networks in Asia: Promises, Doubts, and Perspectives (1999), and a forthcoming book, The Asian Economic Catharsis (2000).

Business online course

Information about business:

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.