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The enigma of the Chinese diamond industry: An evolutionary perspective of business ethics

机译:中国钻石行业之谜:商业道德的进化观

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Purpose - The purpose of this paper is to illustrate the evolution of Chinese business ethics over time and how it impacts business. While much research attention has been directed toward China and its various industries, the Chinese diamond industry has been largely neglected. This industry is the second in size and fastest growing globally. It is interesting to examine its evolution over time and how external factors affect the firms' business ethics behavior. Design/methodology/approach - Exploratory field work involving the interview of major players was undertaken, complemented by extensive desk work, was used to create a base for future in-depth research of the secretive Chinese diamond industry. Findings - A paradox was identified in the Chinese diamond industry, namely, that while Chinese businesses tend to follow a relational governance model, China's diamond industry tends to use rational mechanisms of governance and exchange, a paradox that is explained by mitigating factors. Research limitations/implications - Future studies should use a quantitative questionnaire with a larger set of Chinese diamond firms to further examine the paradox found. Future studies could also examine whether the transformation from a system based on social networks to a system based on market forces as found in the Chinese diamond industry is an indicator of an ethical and business evolution of the whole Chinese industry. This may illustrate the rationalization of the Chinese economy and its progression toward Western models of exchange as it further opens up to the West. Originality/value - This paper is a pioneering work on the business ethics and strategy implemented by firms in the Chinese diamond industry.
机译:目的-本文的目的是说明中国商业道德随着时间的演变以及它如何影响商业。尽管对中国及其各行各业的研究兴趣很大,但中国的钻石行业却被大大忽略了。该行业是全球第二大且增长最快的行业。研究其随着时间的演变以及外部因素如何影响企业的商业道德行为是很有趣的。设计/方法/方法-进行了涉及主要参与者采访的探索性现场工作,并辅之以广泛的案头工作,为将来对中国秘密钻石行业的深入研究奠定了基础。调查结果-中国钻石行业发现了一个悖论,即中国企业倾向于遵循关系治理模型,而中国钻石行业则倾向于使用理性的治理和交流机制,这一悖论可以用缓解因素来解释。研究的局限性/含意-未来的研究应使用针对更多中国钻石公司的定量调查表,以进一步检验发现的悖论。未来的研究还可以检验中国钻石行业中从基于社交网络的系统到基于市场力量的系统的转变是否标志着整个中国行业的道德和业务发展。这可能说明中国经济的合理化及其向西方进一步开放时向西方交换模式的发展。原创性/价值-本文是有关中国钻石行业公司实施的商业道德和战略的开创性工作。

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