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How have the culture and mentality of the Chinese contributed to their success as entrepreneurs - Research Paper Example

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OUTLINE: Over the years China has emerge not only as a global power but is also leading the world through its rising economy status. From energy solutions to scientific innovation China is ruling the global markets. The Chinese economy is considered to be most stable and efficient…
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How have the culture and mentality of the Chinese contributed to their success as entrepreneurs

Download file to see previous pages... This unusual success is based on the Chinese culture and customs. Chinese school of thought Confucianism has deep roots with the entrepreneurship. Confucianism evokes qualities like hard work and constant struggle and also suggests that people should do such actions which become a source of pride for not only their family but for the state also. The Chinese custom of saving money and not using more than their needs, help them to investment in their business. Confucianism allows its followers to lead a loyal and modest life, and not using corruption as a tool to progress. Along with other qualities like interpersonal relation, self discipline and risk taking, the importance given by Chinese government on education has helped them to come up with latest and innovational solutions in the field of science and technology. The state is now taken extra steps to motivate young individuals to enter in the world of entrepreneurs and try to facilitate them in every way. Loans, coaching and help are offered to the interesting candidates. Thus their culture and the policies offered by the country helps the Chinese entrepreneurs to succeed beyond others.
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