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I have skimmed through the post series and some comments over here, like from the Singapore Chinese about non-startup business and Ronnie Cheng chinese love mon
by MaybeMalaysian 6y ago
I have skimmed through the post series and some comments over here, like from the Singapore Chinese about non-startup business and Ronnie Cheng chinese love money comment https://www.youtube.com/watch?v=O_KpLrHCAx0 https://www.youtube.com/watch?v=O_KpLrHCAx0
There are only two reasons why a business can succeed from Chinese point of view, I am writing this as a Malaysian, ethnicity is Chinese.
1. Work Hard (grit)
2. 会做人 (know how to take care of other people's feelings and needs first)
To elaborate on the second point, you have to know how to lobby and please
1. the government
2. the police
3. the other rich businessmen/women
4. the clients/customers
and of course those of famous people around the town you operate your business in, like
5. bad guys who are notorious
6. pretty/powerful people
if you are doing all of these, it is just bad luck that if your business fail, from Chinese point of view.
There are infinite reasons why a business will fail, and as a Chinese businessman, what you would do is to quit that industry and start in another one (grit).
- innagadadavida 6y agoThese are all reasonable points. However if you look at the billions of people in south east Asia, many of them have all these traits and yet they are not as successful as the Chinese businessmen - on an aggregate. The reason I feel Chinese businessmen succeed is lack of environment protections, cheap labor (lack of worker protections) and relatively cheap energy. These are essential ingredients for success and countries like India are not as successful despite possessing the skills you mention. Most western countries all developed before the socio-enviro-economic issue I mentioned became prevalent.