The Dragon Millennium : Chinese Business in the Coming World Economy.

Cover -- THE DRAGON MILLENNIUM -- Contents -- Tables and Figures -- Preface -- Introduction: Chinese Visionaries Predict China's Future Organization of Business -- Part I Economic Policy and theDevelopment of the Firm -- Chapter 1 Chinese State-Owned Enterprises under the Dual Influence of the Government and the Market -- INTRODUCTION -- THEORETICAL ANALYSIS -- EMPIRICAL EVIDENCE -- The Profit Incentive of SOEs -- Rent-Seeking in Negotiating for Quotas -- Evidence on Profit Losing and the Soft Budget Constraint -- CONCLUDING REMARKS -- ACKNOWLEDGMENT -- REFERENCES -- Chapter 2 The Evolution of Chinese Township and Village Enterprises -- THE SEEDS OF CBEs (1949-1957) -- THE BIRTH OF CBEs (1958-1965) -- THE RESURGENCE OF CBEs (1966-1978) -- THE FAST GROWTH OF CBEs (1979-1983) -- THE CHANGE OF NAME TO TOWNSHIP AND VILLAGE ENTERPRISES (TVEs) (1984) -- THE DEVELOPMENT OF TVEs (1985-1987) -- THE ADJUSTMENT OF TVEs (1988-1991) -- THE MATURING OF TVEs (1992-1998) -- OUTLOOK -- NOTES -- REFERENCES -- Chapter 3 The Future of Private Enterprises in China -- INTRODUCTION -- THE SIZE OF THE PRIVATE SECTOR3 -- ENTREPRENEURS IN PRIVATE ENTERPRISES5 -- Establishment of Enterprises -- Experience of Managers Prior to Establishing Enterprises -- Demographic Characteristics -- Types of Enterprises Established -- BOTTLENECKS DURING THE DEVELOPMENT OF PRIVATE ENTERPRISES -- The Decision-Making System of Private Enterprises Places Limits on Growth -- Poor Quality of Products Damages the Overall Image of Private Enterprises -- Lack of Modern Human Resource Management and Inefficient Management Talent for Further Development -- Internal Conflicts of Interest among Family Members -- Policy Discrimination of Private Enterprises Makes Raising Funds Much More Difficult -- WAYS TO ELIMINATE THE BOTTLENECKS -- CONCLUSION -- NOTES -- REFERENCES.

Part II Outlook on Selected Industries -- Chapter 4 The Structure and Development of China's Financial Markets -- OVERVIEW -- RESTRUCTURING THE BANKING SYSTEM -- Government Bond Markets -- Stock Markets -- Insurance Markets -- Nonbanking Institutions -- Credit Cooperatives -- Rural Credit Cooperatives -- Urban Credit Cooperatives -- CONCLUDING REMARKS -- REFERENCES -- Chapter 5 The Different Behaviors of Chinese Automakers in Technology Introduction and Assimilation -- PROBLEM CONSIDERATION AND RESEARCH METHOD -- ANALYTICAL FRAMEWORK: A FIRM'S STRATEGY FORMULATION AND IMPLEMENTATION PROCESS RELATING TO ENVIRONMENTAL CHANGES -- Research on Corporate Strategy and Organization Inertia -- The Formulation of a Market Economy and the Car Industry: A Reanalysis of Strategy -- Analytical Framework: Strategy Formulation and Core Elements -- Environment Conditions -- Resource Base -- Strategy Formulation Capability -- THE HISTORICAL DEVELOPMENT OF THE CHINESE AUTOMOTIVE INDUSTRY AND THE STRATEGIC FRAMEWORK OF CARMAKERS -- THE FORMATION AND IMPLEMENTATION OF DEVELOPMENT STRATEGIES FOR SAIC AND TAIC -- History of Cars and Auto Parts Production -- The Formation of a Car Strategy Vision along with Environmental Changes -- The Enforcement of Car Production and Network of Formation of Parts Localization -- The Process of Technology Assimilation and Capability Accumulation -- THE FORMATION AND IMPLEMENTATION OF DEVELOPMENT STRATEGIES FOR FAW AND DFM -- The Establishment of a National Project and Their Early Production Activities -- Promotion of Truck Diversification Related to Central Government Plan -- The Trouble of Technology Introduction for Passenger Cars and the Reconstruction of Organizations -- The Process of Technology Assimilation and Capability Accumulation -- THE FORMATION AND IMPLEMENTATION OF DEVELOPMENT STRATEGIES: A COMPLEX COMPARISON.

Resource Base and Major Issues -- Cognition Capability and Strategy Formulation -- Resource Input Capability and the Enlargement of Car Production -- The Accumulation of Competitive Capabilities by the Upgrading of Managerial Techniques -- Conclusion -- THE FUTURE OF THE CHINESE AUTOMOTIVE INDUSTRY -- NOTES -- REFERENCES -- Chapter 6 The Oil Dragon's Move: What It Means for China and the World -- INTRODUCTION -- HIGH ECONOMIC GROWTH AND CONSTRAINTS: 1986-1997 -- OIL PITFALLS: 2000-2010 -- Resource Constraint -- Western Dilemma -- Infrastructure Bottleneck -- Capital Constraint -- WHERE TO MOVE BEFORE 2010? -- Industrial Strategy and Policy -- Domestic Priorities -- Gas Development -- Energy Conservation -- Open Policy -- Oil Industrial Overhaul -- Overseas Expansion -- LONGER VIEW BEYOND 2010 -- Global Trends -- The Oil Dragon's Rise -- CONCLUSIONS -- REFERENCES -- Part III Competition, Cooperation, and Capitalism -- Chapter 7 Challenges of Competing in China for Multinationals -- INTRODUCTION -- START BY UNDERSTANDING CHINA'S REGULATORY CONTEXT -- AVOID COMMON PITFALLS FACED BY MULTINATIONAL COMPANIES IN CHINA -- Ineffective Sales and Distribution -- Operational Inefficiencies -- Inappropriate Ownership Approach -- CAPTURE CHINA'S GROWTH POTENTIAL -- ARTICULATE AND COMMIT TO A CHINA VISION -- BUILD A STRONG LOCAL ORGANIZATION -- INSIGHTS AND FLEXIBILITY -- LOOKING FORWARD -- Chapter 8 Project and Location Selection in China: Lessons for Foreign Companies -- CONCEPTS AND IMPORTANCE -- Project Selection -- Location Selection -- GOVERNMENTAL POLICIES -- Locational Policies -- Project-Related Policies -- MANAGERIAL ADVICE -- Finding a Home -- Choosing the Right Project -- CONCLUSION -- REFERENCES -- Chapter 9 The Internationalization of Chinese Enterprises: Evidence from the United Kingdom -- INTRODUCTION.

THE OUTWARD INTERNATIONALIZATION OF CHINESE ENTERPRISES -- RELATED LITERATURE -- State-Owned Multinational Enterprises -- General Trading Companies -- The Growth of Developing Country MNES -- METHODOLOGY -- EMPIRICAL RESULTS -- Background -- Evolution of Chinese Enterprises in the U.K. -- Technological Advantages and Technology Learning -- Information/Knowledge Generation -- Visits from Delegations and External Training -- Intragroup Exchanges and Meetings -- Staff Rotation -- Banking -- Evaluation -- CONCLUDING REMARKS -- ACKNOWLEDGMENT -- NOTES -- REFERENCES -- Part IV The Lure of Chinese Management -- Chapter 10 Chinese Small Business Management: A Tentative Theory -- INTRODUCTION -- SMALL FIRM RESEARCH IN HONG KONG -- RESEARCH DESIGN -- RESEARCH FINDINGS -- DISCUSSION -- Business Philosophy -- Goals and Objectives -- Control -- Human Resource Development -- Organization Communication -- Superior-Subordinate Relationship -- Recruitment -- FUTURE RESEARCH DIRECTION -- IMPLICATIONS FOR SMALL FIRMS IN CHINA -- CONCLUSION -- ACKNOWLEDGMENT -- REFERENCES -- Chapter 11 Raising the Dragon: Adaptive Entrepreneurship and Chinese Economic Development -- THE RISE OF THE DRAGON: ASPECTS OF CHINA'S ECONOMIC RESURGENCE -- ENTREPRENEURS AND ECONOMIC DEVELOPMENT IN CHINA: THE AGENTS OF CHANGE -- Domestic Enterprises -- State-Owned Enterprises (SOEs): Rationalization and Elimination of Economic Dinosaurs -- Nonstate Enterprises: Imitation, Subcontracting, Wheeling and Dealing, and Other Adaptive Strategies -- Foreign Investors: Market Development, Subcontracting, Spatial Arbitrage, Diversification, Family Networks, and Other Strategies -- The Entrepreneurial State: Evolutionary Innovation Toward a Mixed Economy in China -- WHITHER THE DRAGON? PROSPECTS FOR CHINA'S ECONOMIC DEVELOPMENT -- NOTES -- REFERENCES.

Chapter 12 Developing Virtuous Corporations with Chinese Characteristics for the Twenty-First Century -- INTRODUCTION -- Moral Architecture of the Virtuous Corporation -- THE CHINESE CORPORATION FOR THE TWENTY-FIRST CENTURY -- Values in Corporate Culture -- Core Values of the Chinese Virtuous Corporation -- Harmony -- Caring -- Trust -- Respect for Persons -- Confucian Virtues: Jen and I as Megavirtues -- Virtues as Attributes of a Virtuous Person -- The Role of Virtues in Virtuous Corporations -- Factors in Corporate Virtue Development -- Leadership -- Effective and Open Communication -- Enhance Moral Ownership and Autonomy -- Continuous Training and Education -- Reward for Virtues -- Regular Monitoring of Results and Improvement -- THE DARK SIDE OF THE CHINESE CORPORATION AND WAYS TO CURE -- The Hierarchical Relationship Underlying Filial Piety -- CONFUCIAN FAMILIAL COLLECTIVISM IN ACTION: CONFUCIAN CORPORATION -- Harmony -- Particularism -- Paternalism -- EMPIRICAL EVIDENCE ABOUT CONFUCIAN CORPORATION -- Leadership and Decision Making -- Management Control -- Redressing the Balance-Strengthening the Respect for Persons -- CONCLUSION -- NOTES -- REFERENCES -- Index -- About the Editor and Contributors -- ABOUT THE EDITOR -- ABOUT THE CONTRIBUTORS.

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