Conducting Business in China

In: Business and Management

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Conducting Business in China
China’s three historic schools of thought are Confucianism, Buddhism, and Taoism. These three beliefs make up the foundation for Chinese society. Confucianism is mostly concerned with political ideas and social harmony; Taoism is concerned with the health of the human body; and Buddhism is most concerned with psychology and the nature of the mind. Each of these teachings also emphasis the opposite of its main focus. Confucianism promoted social harmony by teaching about self-cultivation; Taoism talked about health by having harmony with the natural environment; and Buddhism taught about the mind by contrasting it with the material world of things. These philosophies influence business because they are integrated into Chinese business by the way business owners interact and deal with one another. Over 80% of the people in China adhere to one of these three philosophies. In Western countries we purposely separate religious beliefs/affiliations with business dealings but in China and other eastern countries they are a necessity of it.
In China, business relationships eventually become social relationships after time. This is a stark contrast to Western business relationships that aim to keep it professional at all times even after time has elapsed. In China the more you share about your persona life including family, hobbies, political views, etc., the closer you are with your business partners. In fact, sometimes the majority of business conversations can be spent discussing things that are completely unrelated to business. Knowing this I would go against my western way of thinking and strike to establish a friendship with my business partner by having meals with him and going out and engaging in recreational activities like golf as a way for us to get closer. When having meals with Chinese businessmen there is a formal seating…...

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