Tuesday, September 03, 2013

What sets a great Chinese entrepreneur apart from a great entrepreneur: Confucius ethics

Yang Yuanqing, CEO of PC vendor Lenovo made news lately by sharing his $3.25 million bonus with 10000 Lenovo staff. Lenovo overtook HP to become world's biggest PC vendor, and Yang earned his bonus, by market standard. According Wikipedia's profile of Yang, he grew up in China before western market economy was introduced to communist China, and I assume he was influenced by Confucius philosophy in his upbringing. And his sharing of his bonus money with his staff manifests core belief in Confucius ethics, the superiority of personal exemplification over explicit rules of behavior. With market economy takes its root in China and more and more Chinese people are looking into Confucian ethics and philosophy for their identity in world stage, we can hope more and more great Chinese entrepreneurs like Yang will emerge, successfully blending western management acumen with eastern Confucian ethics.

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