A Sociological Approach to Management Philosophy of Chinese Family Businesses in a Transition Period: The Case of Ningbo Fotile Group
As China shifts from a high-growth to a low-growth economy in recent years, management models that provide guidance on ‘how a business can be sustained longer’ are being sought after by many companies. The search for new management models has led to various directions, but one of the most notable directions is an approach towards traditional Chinese philosophies, particularly Confucianism. Some companies have already adopted Confucianism-based management, and the most prominent actor in this trend is the Ningbo Fotile Group. Based on fieldwork and existing literature, this paper discusses the development of a management philosophy based on Confucianism at Fotile and the way how the philosophy is put into practice. The paper then places the case of Fotile within a cultural context that surrounds family businesses in the Chinese society and identifies relevant implications.
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