Chapter 5
Management and Working Relationships in Relation-Based Firms
In the heyday of the economic opening up in China in the 1980s and 1990s, the name Yu Zuomin was a household word. Mr. Yu was the head of the famous village enterprise called Daqiuzhuang, a village of some 4,000 people that had operated a booming conglomerate of steel, piping, printing, electronics, and related upstream and downstream businesses since the start of the economic reform in 1978. By 1990, Daqiuzhuang had achieved a per capita income of $3,400, 10 times greater than China’s average. Its success had earned it titles such as “the richest village in China” and “China’s first village.”
A main success factor of Yu and his Daqiuzhuang was ...
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