Differences and Similarities of Business Systems in China...

Summary By utilizing institutional matrix, this paper explains how different factors in each country interact with one another and how those factors consist the business system in China and Japan. Moreover, this paper also compares the differences and similarities of business systems in China and in Japan. Business System In order to understand the business system, we need to look at the most important component, the people, first. After recognizing the pattern of individual activity, we can apply this pattern in a broader sense and understand the system as a whole. Japanese people tend to be more collectivistic than Chinese. Historically Japan and China had ruled under the idea of Confucianism, which stresses the importance of†¦show more content†¦Guanxi seems play a major part in Chinese firms when it comes to promotion, a large number of bribe payers approaches to his/her supervisor during the promotion window and pays a big fortune or buy an expensive gift like luxury watch or handbag. This action is usually seen in the state-owned enterprises since no one really holds responsibility for bad personal decision and changes of personal is often one way. Unless someone make a serious mistake, he/she will not be demoted for being non-action. In private sector, however, merit is the most important criteria. Nominator usually holds responsibility for his/her nomination, and the changes of personal is two-ways. If someone get promoted and he/she cannot fulfil the job, he/she will be demoted. Another difference between the lobar market in China and Japan is the participation rate of female workers. By 2012 the labor force participate rate for Japan is only 48% where as 68% for China. This index for both countries is stable for years (2014). One of the major decision making system in Japanese firms is ringi system. Ringi system requires everyone including first-line workers to put their seal on the specially designed roll to indicate they agree with the change, this is usually time consuming but once a common decision is formed, the firm can quickly and easily implement the change (Ala, 1999, pp. 22-25). Such ringi system does not exist in China,Show MoreRelatedSimilarities and Differences between Chinese Culture and Japanese Culture1567 Words   |  7 Pagesï » ¿ Similarities and Differences between Chinese Culture and Japanese Culture All collectives and groups in the world, no matter big countries or small families, have their own cultures. There is no single definition which can suit everyone’s understanding of culture. 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Abstract The comparison and contrast of the business system between Japan and China Introduction In Japan much of its arts, languages, religion and culture are imported from China hence there are some similarity in both countries’ business system but over the centuries, Japan was able to convert this commonalities into differences which is uniquely