comparison of business system of China and Japan

Topics: China, Capitalism, Chinese language Pages: 18 (2010 words) Published: June 9, 2014
ASIAN MANAGEMENT
RESEARCH PAPER
The comparison of similarities and differences of business system of China and Japan

Ying Chen
5/26/2013

Contents

1. Introduction

2. Comparison of similarities

3. Comparison of differences

4. Conclusion

1. Introduction
This research paper will concludes the comparison of similarities and differences of business system in China and Japan. It refers about institutional comparison and clusters and implications for varieties of capitalism and business systems theory by Michael A Witt and Gordon Redding and another one ‘s author is Zhang X & R Whitley : Changing Macro-structural Varieties of East Asian Capitalism. In general, because China and Japan both Asian country so that this two countries has many similar aspects such as culture, food, history...in the other hand there are exists differences between them. 2.Comparison of similarities

The countries of China and Japan share numerous similarities other than their geographical proximity. They both have established extremely rich cultures and great senses of national identity.Their histories have crossed paths during several periods since both civilizations have existed for such a long times. The countries also share similar religions and value systems, which have influenced each other. In terms of Japan’s economic culture is the idea that the firm exists to keep people employed, and that return on capital for advantage of shareholders is not a primary rationale for economic action. A casual review of publications suggests that most of the research in the field has focused on advanced industrialized nations in the West and, to a lesser extent(e.g.Berger &Dore,1996;Orr et al,1997:Redding 1990;Whitley,1992).At the same time,it implies that many questions remain fully or partially unanswered, and the field, wild open for further exploration.Whitley’s(1999) account of the emergence of six major business-system types likewise incorporates the role of culture, in the form of shared beliefs about authority, trust, and communitarian ideals. While he underlines that institutions mediate both trust and authority, the narratives included in his illustrate how cultural and historical forces lead to the emergence of some institutions. The similarities between Japan and China didn't just happen on their own. When ambassadors from Japan visited Tang dynasty China in the 7th century, they found an empire that was much larger, wealthier and more unified politically than their own nation. When they returned home and reported what they'd seen, the Japanese imperial court became so enthusiastic about Chinese culture that they built a new capital city at Nara in imitation of the Tang capital at Chang'an. Between the years 710 and 794, the Japanese emperors reorganized the country and its legal system based on Chinese models. They also encouraged the adoption of Chinese philosophical and religious ideas. The connections between Japanese and Chinese culture began in this time period. China and Japan have both been strongly influenced by the philosophy of Confucius, who taught a system of thought based on the importance of relationships and educational achievement. In both China and Japan, parents tend to push their children to study hard because academic achievement is so closely tied to future economic success. The Confucian emphasis on relationships has also influenced both countries, but in slightly different ways. In China, people tend to be loyal to their family relationships more than to any other personal connection. In Japan, on the other hand, people are encouraged to be loyal to whatever group they belong to, such as the company they work for. Most people probably think of Zen Buddhism as being characteristically Japanese, but Zen was actually borrowed from the Ch'an sect of Chinese Buddhism. Several of the major Buddhist sects in Japan have Chinese origins. For instance, Japanese Tendai Buddhism was based...

References: Witt, M & G Redding (2013). Asian Business Systems: Institutional Comparison, Clusters and Implications for Varieties of Capitalism and Business Systems Theory
Zhang, X & R Whitley (2013). Changing Macro-structural Varieties of East Asian Capitalism
Eisenstadt, S. N. Japanese Civilization. London: The University of Chicago Press, 1996.
Morton, Scott W. China Its History and Culture. New York: McGraw-Hill,
Gordon Redding , Michael Witt (2008).China’s Business System and its Future Trajectory
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