Feeling in the business world

Author: Wang Yaping Liu Tingmin
Publisher: Reform Press
Publish Date: 1998-04-01
Features: The socialist market economy is unprecedented. For us, the mindset of planned economy is deeply ingrained, and the management methods of planned economy are well-practiced. However, we are not accustomed to or familiar with the phenomena and operational rules of the market economy. The contradictions during the transition period are intricate, and people's initiative and creativity have lost the regulation and constraints of the old system while not receiving effective guidance from the new system. As a result, there have emerged disorderly phenomena such as, speculation, and short-sighted behavior that prioritizes immediate gains without regard for consequences. The competitors are still lack of constraints, the market rules are not yet perfect, and the market laws are not yet sound. While focusing on the economic hotspots during the transition period, this book highlights the sense of urgency, using one example after another to illustrate that social and behavioral are actually irrational tendencies that oppose the market economy.