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    Chinese Business Management Pattern

  • REN Zhi-kuan , ZHENG Qian , TIAN Si-miao
    2024, 17(5): 675.

    Original innovation serves as the motivity for technological advancement and business transformation, and plays a crucial role in driving sustainable development of enterprises. Based on the premise of strategic goal orientation, this study based on two enterprise samples of Huawei and iFlytek, examine their respective approaches to original innovation and uncovers the internal mechanisms that drive innovative practices within these organizations. It is found that enterprise-led original innovation falls within the Pasteur Quadrant innovation behavior, which is mainly divided into strategic long-term goal-oriented innovation and cutting-edge innovation oriented to knowledge application. These two models differ greatly in terms of support methods,behavior orientation, development goals and organizational modes, The original innovation ability of enterprises is essentially reflected as the endogenous evolution of knowledge focusing ability-knowledge integration ability knowledge re-creation ability, and continues to advance along the path of joint intelligence introduction -independent research and development>open cooperation", The findings of this research may provide theoretical support and decision-making guidance for enterprises to pursue original innovation.

  • YU Miao, Ll Ying-da, WANG Xin-nan
    2024, 17(5): 688.

    Abstract; In EPC (Engineering Procurement Construction) projects, a reasonable relationship between the general contractor and the subcontractor is embedded to help achieve a good inter-organizational resource orchestration and maximize the competitive advantages of the general contracting model, However, the existing research on the impact of relational embeddedness on resource orchestration suffers from the paradox of relational embeddedness and lacks the consideration of the impact of project actors’cognitive initiatives, which makes it difficult to explain the internal logic of inter-organizational resource orchestration in EPO projects, Based on this, from the perspective of institutional logic, this paper adopts the multi-case study method and takes four typical EPC projects as the research object to explore the path of inter-organizational resource orchestration under different relational embeddedness between the general contractor and the subcontractor, It is found that: (1) proiect- and participant-oriented inter-organizational resource orchestration behaviors exist under the initial relational embedding of both strong ties and weak ties, and the design of constraint- and mechanisms can synergise with relationa lembeddedness to incentive-oriented governance influence the nature and effect of inter-organizational resource orchestration, (2) different 

    relational embeddedness collaborative project governance mechanisms acts on the inter-organizational resource orchestration of the project through the institutional logic coupling of the general contractor and the subcontractor's. The findings provide a new theoretical explanation for the relational embeddedness paradox, as well as theoretical support and practical reference for the general contractors to adopt appropriate project governance mechanisms to optimize inter-organizational cooperation according to the relational embeddedness situation.

  • Chinese School of Management

  • LlU Xiang-tong, Llu Hong-shuang, LIN Hai-fen
    2024, 17(5): 706.

    The paradoxical decision-making dilemma brought about by high-quality development requires managers to make paradoxically balanced decision-making that can simultaneously integrate multidimensional contradictory elements, Paradoxical equilibrium decision-making is based on the premise of paradoxical thinking at the cognitive level, However, its mechanism is still unknown. Based on the role of attention in the link between cognition and behavior, this paper selected Rays E-commerce as a research sample, and combined with the attention process theory to carry out a single case study, We find that: (1) the different dimensions of paradoxical thinking and the two kinds of attention processes have differentiated roles in the formation of the three stages of focusing attention, complex thinking, and the integration of information and creation; (2) the juxtaposition of thinking about paradoxical elements based on the formation of deep or innovative perceptions that lead to innovative paradoxical coping strategies is an intrinsic mechanism of paradoxical equilibrium decision-making generation; (3)the concentration and exclusivity of the attentional focus when focusing, and the flexibility and multitasking goal coexistence when divesting, are the key to the role of attentional processes. By introducing the perspective of attentional processes and configuration, this study reveals the important influence of cognitive drivers on managerial decision-making, solidifies the micro-foundation of the field of managerial paradox, and provides guidance for managers to reasonably cope with paradoxical situations.

  • Strategy and Organization

  • LIANG Lin, Ll Ling, DUAN Shi-yu, Han Ti-wen, CAO Zhen
    2024, 17(5): 722.

    In a complex environment, many Chinese enterprises have difficulties in production.but there are some excellent resilient enterprises that can turn crises into opportunities and achieve stable development, Taking three Chinese listed private enterprises that have persevered through challenges and maintained stable operations as examples, following the resilience analysis approach of “external changes promoting internal growth", and combining with resource conservation theories, we propose a research framework of “scenario stimulus (external crisis shock)resource conservation (internal resilience response)- formation of highly resilient organizations (manifestation of resilience characteristics)" to explore the formation path of highly resilient organizations, The research findings are as follows: (l) high resilient organizations, by effectively deploying resources, show timely strong correlation, creativity and buffering resilience characteristics required for crisis response, (2)the formation of highly resilient organization is the result driven step by step by cognitive elements, behavioral elements, and outcome elements in the four stages of risk identification, resource integration.resource accumulation, and resource value realization, (3) there are two types of formation paths for highly resilient organizations: Challenge-oriented and compensation-oriented, The conclusion of this study has certain guiding significance for enterprises to survive and sustainable development in complex environment.

  • WANG Chuan-lei, YANG Dong-xiang, QIN Qin
    2024, 17(5): 739.

    IC industry has become the focus of international competition under the background of digital economy, but the deep development of IC industry is restricted by various risks and threatens the national security, Based on the multi-source data and grounded theory, this paper builds a FEM-S theoretical model, identifies the risks of IC industry, explores the risk influencing factors and mechanism, The research shows that factor resources, environment atmosphere, management capacity and supply chain are the important factors that cause the risk of IC industry; Supply chain plays an intermediary role between factor resources, environment atmosphere, management capacity and IC industry risks; And the interaction between factor resources and environment, The research results are of great practical significance for promoting the industrial chain to “extend, supplement and strengthen the chain”, and improving the competitiveness of national and regional industries.

  • Innovation and Entrepreneurship

  • SHANG Yan-ying, JlANG Jun-feng , ZHANG Ya-min, Ll Xiao-rui, ZHANG Ruo-chen
    2024, 17(5): 755.

    The continuous evolution at business model innovation and business ecosystems in the age of digital intelligence is far beyond the scope of existing theoretical studies. While focusing on the impact of business model innovation on business ecosystem attributes, established studies have neglected how the digital business ecosystem as an organizational support affects business model innovation, This study takes advantage of the composite characteristics at Siemens Group as a provider of business model innovation for downstream enterprises in the same industry and a practitioner of its own business model innovation and constructs a theoretical model of the impact of digital business ecosystems on business model innovation through a single case rooted analysis of Siemens Group, The study finds that:(1)enterprises form digital business ecosystems based on digital opportunity identification, digital resource acquisition,digital channel construction, and create value at all levels of digital business ecosystems through the interconnection and interaction of multiple subjects, (2)the mechanism of digital business ecosystem affecting business model innovation is “digital business ecosystem - open learning business model innovation”, In the digital business ecosystem, producers, sellers, other recipients, consumers,etc, use the digital platform to realize communication, cooperation and learning among multiple subjects, and the digital business ecosystem promotes business model innovation through intra-industry learning and inter-industry learning. (3)customers have become participants in the digital business ecosystem, participating in the creation of value through common open learning and communication with the producers of the focal enterprise,and satisfying customer needs more effectively, This finding provides a new analytical framework for analyzing digital business ecosystems and business model innovation.

  • Supply Chain and Logistics

  • TAO Zheng , SONG Hua
    2024, 17(5): 774.

    Supply chain finance plays a crucial role in enhancing the resilience of small and medium-sized enterprises (SMEs), and becomes a new driving force for high-quality economic development in China.Managing various continuously conflicting yet interdependent value propositions has become a key issue, This study, based on the framework of "paradox of supply chain financial services paradox management SME resilience building”, employs a longitudinal case study approach to deeply analyze the practices of supply chain finance in MYbank, The findings reveal that: Under different supply chain financial service orientations,financial service providers need to develop effective paradox management capabilities through a mechanism of “micro-level segmentation macro-level integration". This involves transforming paradox coping strategies into sustainable em bedded paradox management capabilities by means of more granular segmentation and higher-level integration, This paper makes theoretical contributions to enriching the research perspective on enterprise resilience, expanding the theoretical perspective of supply chain finance, and revealing the internal mechanisms of paradox management, thereby inspiring relevant stakeholders to make better use of financial instruments to support the resilience building of SMEs.

  • Finance and Accounting

  • SHAN Meng-meng, ZHANG Wei-yi, YE xiao-hui
    2024, 17(5): 793.

    As an important financing method in Chinese capital market, equity pledge is increasingly common among listed companies. However, equity pledge also entails multiple potential risks such as stock price volatility and control rights transfer, Based on case study of35.COM, from the perspective of information disclosure as a mean of market value management, this paper explores the risk management strategies and economic consequences following equity pledges by controlling shareholders of listed companies. We find that a high ratio of pledged shares by controlling shareholders would induce motives for maintaining stock prices and value management for self-interest, which might lead to strategic information disclosure practices and even violations of information disclosure regulations. In the short term,the strategic information disclosure of controlling shareholders can achieve the goal of stabilizing or boosting stock prices, However, in the long term, these strategic and non-compliant information disclosures may affect the company's value, cause a decline in the quality of accounting information, and infringe on the interests of small and medium-sized shareholders.Research result is of practical significance for standardizing equity pledging, market value management and information disclosure behaviors in listed companies.

  • Digital Innovation and Platform Governance

  • YUN Ke-yang, Ll wen
    2024, 17(5): 816.

    In order to solve the problem of unclear digital transformation path of manufacturing enterprises and prevent the transformation paradox, this paper analyzes the digital transformation of Great Wall Motor with the method of single case study based on open innovation. Specifically,this work identifies the key components of the digital transformation of manufacturing enterprises, that is,knowledge absorption, knowledge creation, knowledge integration,knowledge spillover, and knowledge interaction, and simultaneously builds a path model for the digital transformation, in this context, we employ the NK simulation model to verify the applicability of the transformation path model to other manufacturing enterprises, thus a clear optimal path for digital transformation is obtained, that is, knowledge absorption - knowledge creation knowledge integration knowledge spillover knowledge interaction. The clarification of the path would help the transformation and upgrading of manufacturing enterprises, and the high-quality development of the economy.

  • Case Teaching Research

  • XlAO Jing-hua, wu Yao, XlE Kang
    2024, 17(5): 834.

    In response to the formalization phenomenon in interaction and case teaching in Chinese business classrooms, as well as the practical problems of low enthusiasm for enterprises to participate in business case teaching, this article elaborates on the interactive learning philosophy of the business “living” case teaching method, Based on the nearly 10 years of “living” case teaching practice, a three-dimensional interactive teaching method of business “living” case oriented towards the integration of industry and education is extracted, Case teaching is designed and implemented around the “real” problems of the industry in the era, through the interaction between teaching and learning, complementary learning and action, theoretical guidance and practical evaluation in different directions, as well as the interaction in different directions within the three dimensions, the case teaching method strengthens and enhances students’ thinking training and comprehensive quality, The research shows that the adaptive adjustment to the teaching and case situation is an obvious feature of the three-dimensional interactive teaching method of business “living” case, which is different from the ordinary case teaching method. It makes the symbolic interactions between teacher-student, student-student and industry-teaching in the case teaching have the sense of the times and being present, which is more conducive to improving students’ professional core ability and comprehensive quality.