APPLY CHINESE PHILOSOPHY IN BUSINESS STRATEGY: AN EFFECTIVENESS AND IMPLEMENTATION REVIEW
Keywords:
Chinese philosophy, business strategy, corporate social responsibility, servant leadership, effectiveness, implementation, sustainabilityAbstract
This study aims to conduct a systematic review of the literature on the application of Chinese philosophy in business strategy, focusing on its effectiveness and implementation. Through research of various scholarly articles and related sources, this review explores how Chinese philosophical principles, such as Taoism, Yin-Yang, and Confucianism, can be adapted and implemented in the context of modern business, as well as analyze their impact and effectiveness on organizational performance. In addition, the review also highlights the challenges and obstacles that may be faced in implementing this Chinese philosophy, and offers practical insights into the implementation strategies that companies can adopt.
References
Bhatia, A., Chandani, A., & Chhateja, J. (2020). Robo advisory and its potential in addressing the behavioral biases of investors — A qualitative study in Indian context. Journal of Behavioral and Experimental Finance, 25. https://doi.org/10.1016/j.jbef.2020.100281
Aljaman "The performance assessment of the Jordanian logistics sectors: A balanced scorecard approach" Corporate and business strategy review (2023) doi:10.22495/cbsrv4i4art16
Amalanathan "Modesty in business, bold in fashion: entrepreneurial experiences of U.S. Muslim women in niche fashion markets" Journal of innovation and entrepreneurship (2024) doi:10.1186/s13731-024-00420-5
Arefieva, "Devising approaches to modeling enterprise business processes under conditions of modern digital technologies," Eastern-European journal of enterprise technologies (2024), doi:10.15587/1729-4061.2024.298143
Bachtiar "Business resilience and growth strategy transformation post crisis" Journal of innovation and entrepreneurship (2023) doi:10.1186/s13731-023-00345-5
Bhutto et al. "Chinese Consumers' Purchase Intention for Organic Meat: An Extension of the Theory of Planned Behaviour" Asian Academy of Management journal (2022) doi:10.21315/aamj2022.27.1.7
Chen "Economic impact of ACES trends on the automotive value chain: a forecast exploratory study of the Chinese automotive industry in 2030" Humanities and social sciences communications (2024) doi:10.1057/s41599-024-03350-5
Chen et al. "Environmental regulation and corporate performance: The effects of green financial management and top management's environmental awareness" Cogent business & management (2023) doi:10.1080/23311975.2023.2209973
Dai et al. "The Inclusiveness and Emptiness of Gong Qi: A Non-Anglophone Perspective on Ethics from a Sino-Japanese Corporation" Journal of business ethics (2019) doi:10.1007/s10551-019-04308-3
Dai, W., Gosling, J., & Pye, A. (2020). The Inclusiveness and Emptiness of Gong Qi: A Non-Anglophone Perspective on Ethics from a Sino-Japanese Corporation. Journal of Business Ethics, 165(2), 277–293. https://doi.org/10.1007/s10551-019-04308-3
Demessie "Drivers and outcomes of sustainable marketing strategy in the African context: the role of competitive advantage and strategic proactivity as mediating and moderating variables" Cogent business & management (2024) doi:10.1080/23311975.2024.2348442
Gaudenzi "Cyber resilience in organisations and supply chains: from perceptions to actions" The international journal of logistics management (2024) doi:10.1108/ijlm-09-2023-0372
Ghofar "Board diversity and enterprise risk management: Study in emerging and developed countries" Corporate governance and organizational behavior review (2024) doi:10.22495/cgobrv8i1p15
Giudici, P. (2018). Financial data science. Statistics and Probability Letters, 136, 160–164. https://doi.org/10.1016/j.spl.2018.02.024
Goel et al. "Examining the Influence of Religiosity on Ethical Attitude Towards Business: Evidence from India and China" Asian Academy of Management Journal (2020) doi:10.21315/aamj2020.25.2.3
Goel, P., Misra, R., & Dhanalakshmi, A. (2020). Examining influence of religiosity on ethical attitude towards business: Evidence from india and china. Asian Academy of Management Journal, 25(2), 51–83. https://doi.org/10.21315/aamj2020.25.2.3
Guk "ASSESSING THE EFFECTIVENESS OF STATE POLICY FOR THE DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESSES: FINANCIAL ASPECT" Financial and credit activity problems of theory and practice (2024) doi:10.55643/fcaptp.1.54.2024.4265
Hanandeh "The achievement of digital leadership sustainability and business performance through the implementation of business intelligence, artificial intelligence, and quality learning in private universities in Jordan" Uncertain supply chain management (2024) doi:10.5267/j.uscm.2024.5.012
Hanandeh, "The effect of the comprehensive quality management strategies on environmentally responsible activities and the performance of the organizations," Uncertain supply chain management (2024), doi:10.5267/j.uscm.2024.4.013
Herlianti "Implementation of Value Stream Mapping in Business Process Optimization: A Literature Review" Journal of Industrial Engineering and Systems Media (2024) doi:10.35194/jmtsi.v8i2.4615
Khan, H. H., Khan, S., & Ghafoor, A. (2023). Fintech adoption, the regulatory environment and bank stability: An empirical investigation from GCC economies. Borsa Istanbul Review, 23(6), 1263–1281. https://doi.org/10.1016/j.bir.2023.10.010
Kim and Mcgoun, "K-Pop and K-Car: The Underpinnings of 21st-Century Korean Cultural and Industrial Successes," Central European Management Journal (2022) doi:10.7206/cemj.2658-0845.77
Kim and Mcgoun, "K-Pop and K-Car: The Underpinnings of 21st-Century Korean Cultural and Industrial Successes," Central European Management Journal (2022) doi:10.7206/cemj.2658-0845.77
Kunskaja "A research analysis: the implementation of innovative energy technologies and their alignment with SDG 12" Eastern-european journal of enterprise technologies (2023) doi:10.15587/1729-4061.2023.288396
Kunskaja, S., Bauer, J. F., Budzyński, A., & Jitea, I. C. (2023). A RESEARCH ANALYSIS: THE IMPLEMENTATION OF INNOVATIVE ENERGY TECHNOLOGIES AND THEIR ALIGNMENT WITH SDG 12. Eastern-European Journal of Enterprise Technologies, 5(13(125)), 8–25. https://doi.org/10.15587/1729-4061.2023.288396
Lee et al. "The Evolution of Business Ethics in China and the United States: Convergence, Divergence, or Crossvergence?" Management and organization review (2022) doi:10.1017/mor.2021.68
Lee, J. M., Paik, Y., Vance, C., Li, D., & Groves, K. (2022). The Evolution of Business Ethics in China and the United States: Convergence, Divergence, or Crossvergence? Management and Organization Review, 18(4), 658–685. https://doi.org/10.1017/mor.2021.68
Lee, J. M., Paik, Y., Vance, C., Li, D., & Groves, K. (2022a). The Evolution of Business Ethics in China and the United States: Convergence, Divergence, or Crossvergence? Management and Organization Review, 18(4), 658–685. https://doi.org/10.1017/mor.2021.68
Lewis et al. "Dynamic synergies between China's Belt and Road Initiative and the UN's Sustainable Development Goals" Journal of international business policy (2021) doi:10.1057/s42214-020-00082-6
Lewis, D. J., Yang, X., Moise, D., & Roddy, S. J. (2021). Dynamic synergies between China's Belt and Road Initiative and the UN's Sustainable Development Goals. Journal of International Business Policy, 4(1), 58–79. https://doi.org/10.1057/s42214-020-00082-6
Lewis, D. J., Yang, X., Moise, D., & Roddy, S. J. (2021). Dynamic synergies between China's Belt and Road Initiative and the UN's Sustainable Development Goals. Journal of International Business Policy, 4(1), 58–79. https://doi.org/10.1057/s42214-020-00082-6
Li "Are government budgets a visible stabilizer? Evidence from China since the tax-assignment reform" Journal of Asian business and economic studies (2024) doi:10.1108/jabes-06-2023-0205
Li et al. "Foreign direct investment along the Belt and Road: A political economy perspective" Journal of international business studies (2021) doi:10.1057/s41267-021-00435-0
More "How do latecomer firms achieve catch-up through technology management: a comparative analysis" Humanities and social sciences communications (2023) doi:10.1057/s41599-023-02003-3
More "How do latecomer firms achieve catch-up through technology management: a comparative analysis" Humanities and social sciences communications (2023) doi:10.1057/s41599-023-02003-3
Lyu, W., Salam, Z. A., Wang, Q., & Xu, Y. (2024). Corporate Social Responsibility Disclosure Approaches, Corporate Reputation, and Corporate Performance: Evidence from China. Engineering Economics, 35(3), 362–374. https://doi.org/10.5755/j01.ee.35.3.34564
Mardhiyah, A. S. (2022). TECHNOLOGY'S ROLE IN RESHAPING THE E-COMMERCE LANDSCAPE. Artificial Intelligence Research and Applied Learning, 1(2). https://journal.dinamikapublika.id/index.php/aira
Morris "Exploring the employment motivation, job satisfaction and dissatisfaction of university English instructors in public institutions: a Chinese case study analysis" Humanities and social sciences communications (2023) doi:10.1057/s41599-023-02228-2
Morris, G., & Mo, J. (2023). Exploring the employment motivation, job satisfaction and dissatisfaction of university English instructors in public institutions: a Chinese case study analysis. Humanities and Social Sciences Communications, 10(1). https://doi.org/10.1057/s41599-023-02228-2
Pasko et al. "Corporate social responsibility and corporate tax aggressiveness: Evidence of mandatory vs. voluntary regulatory regime impacts" Problems and perspectives in management (2023) doi:10.21511/ppm.21(2).2023.61
Christmas, O., Zhang, L., Oriekhova, A., Hordiyenko, M., & Tkal, Y. (2023). Corporate social responsibility and corporate tax aggressiveness: Evidence of mandatory vs. voluntary regulatory regimes impact. Problems and Perspectives in Management, 21(2), 682–700. https://doi.org/10.21511/ppm.21(2).2023.61
Christmas, O., Zhang, L., Oriekhova, A., Hordiyenko, M., & Tkal, Y. (2023). Corporate social responsibility and corporate tax aggressiveness: Evidence of mandatory vs. voluntary regulatory regimes impact. Problems and Perspectives in Management, 21(2), 682–700. https://doi.org/10.21511/ppm.21(2).2023.61
Putri, L. W. B. (2022). TRACING THE DEVELOPMENT OF MARKETING IN THE AI ERA: A COMPREHENSIVE LITERATURE ANALYSIS. Artificial Intelligence Research and Applied Learning, 1(1). https://journal.dinamikapublika.id/index.php/aira
Rangaswamy, "Impact of COVID-19 on Singapore human resource practices", Cogent business & management (2024), doi:10.1080/23311975.2024.2301791
Razali "Is social auditing a key tool for achieving sustainable development goals? A study of Malaysian-listed companies" (2024) doi:10.53935/jomw.v2024i3.279
Rolando, B., & Mulyono, H. (2025a). Diverse Learning Environments on Students Entrepreneurial Intentions. International Journal of Pedagogy and Teacher Education-9, 9(1), 119–137. https://doi.org/10.20961/ijpte.v9i1.98592
Rolando, B., Ariyanto, K., Alexia, K. R., & Hartanti, R. (2022). THE ROLE OF AI AND BIG DATA IN OPTIMIZING DIGITAL MARKETING STRATEGIES. Artificial Intelligence Research and Applied Learning, 1(1). https://journal.dinamikapublika.id/index.php/aira
Roxana MOSTEANU, N., & Faccia, A. (t.t.). Digital Systems and New Challenges of Financial Management – FinTech, XBRL, Blockchain and Cryptocurrencies. Journal of Management Systems-Quality Access to Success, 21(174), 159–166.
Ryali "Stage by stage E- Ecommerce market database analysis by using machine learning models" Eai endorsed transactions on internet of things (2024) doi:10.4108/eetiot.5383
Setiawan, B. L. T. (2022). ANALYZE THE ROLE OF AUGMENTED REALITY (AR) IN MARKETING AND ITS IMPACT ON CONSUMER BEHAVIOR. Artificial Intelligence Research and Applied Learning, 1(1). https://journal.dinamikapublika.id/index.php/aira
Shi "Global De-risking and Local Risk-taking: Chinese Entrepreneurship and Technologies in Time of Global Challenges" The journal of entrepreneurship (2023) doi:10.1177/09713557231201117
Shrestha, K., Naysary, B., & Philip, S. S. S. (2023). Fintech market efficiency: A multifractal detrended fluctuation analysis. Finance Research Letters, 54. https://doi.org/10.1016/j.frl.2023.103775
Sodiqin, A., & Baroroh, N. (2025). Muslim Minorities and Political Representation In the 2019 Bali Provincial Regional Representative Council Election. Journal of Religion and Human Rights, 14(1).
Surya et al. "Analysis of the Application of Cross-Cultural Communication in Multinational Companies (A Literature Review)" Digital Journal of business, human capital, marketing, entrepreneurship, finance & business strategy (dimmensi) (2022) doi:10.32897/dimmensi.v2i2.1572
Surya et al. "Analysis of the Application of Cross-Cultural Communication in Multinational Companies (A Literature Review)" Digital Journal of business, human capital, marketing, entrepreneurship, finance & business strategy (dimmensi) (2022) doi:10.32897/dimmensi.v2i2.1572
Surya, E., Safaatul, C., & Sukoco, I. (2022). Analysis of the Application of Cross-Cultural Communication in Multinational Companies (A Literature Review) (Vol. 2, Number 2).
Swenson ""The Vital Link": British Print Media Export to Australia, 1853–1980" Enterprise & Society (2024) doi:10.1017/eso.2024.2
Tan, D. M. (2022). A SYSTEMATIC REVIEW OF THE AI-POWERED MARKETING REVOLUTION: FROM TRADITIONAL TO DATA-DRIVEN APPROACHES. Artificial Intelligence Research and Applied Learning, 1(2). https://journal.dinamikapublika.id/index.php/aira
Urbancová "Navigating the age mosaic of employees: unveiling insights into age diversity strategies in modern workplaces" Cogent business & management (2024) doi:10.1080/23311975.2024.2402509
Wang "Factors driving FIFA world cup 2022 viewership ratings in mainland China: marketing outlooks for FIFA world cup 2026" Frontiers in sports and active living (2024) doi:10.3389/fspor.2023.1282898
Wang, Z., Panaccio, A., Raja, U., Donia, M., Landry, G., Pereira, M. M., & Ferreira, M. C. (2022). Servant leadership and employee wellbeing: A crosscultural investigation of the moderated path model in Canada, Pakistan, China, the US, and Brazil. International Journal of Cross Cultural Management, 22(2), 301–325. https://doi.org/10.1177/14705958221112859
Winata, V. (2022). OPTIMIZING BIG DATA PROCESSING THROUGH ARTIFICIAL INTELLIGENCE: A SYSTEMATIC LITERATURE REVIEW. Artificial Intelligence Research and Applied Learning, 1(2). https://journal.dinamikapublika.id/index.php/aira
Wu and Qu "Exploratory and Exploitative Internationalization: Effects of Social Capital Antecedents and Fit Moderators of Innovation Consequence" Journal of theoretical and applied electronic commerce research (2021) doi:10.3390/jtaer16070170
Xing et al. "Advancing Chinese leadership research: review and future directions" Asian business & management (2023) doi:10.1057/s41291-023-00224-7
Xing, Y., Liu, Y., Froese, F. J., & Huang, M. (2023). Advancing Chinese leadership research: review and future directions. Asian Business and Management, 22(2), 493–508. https://doi.org/10.1057/s41291-023-00224-7
Ye et al. "Harvesting Online Reviews to Identify the Competitor Set in a Service Business: Evidence From the Hotel Industry" Journal of service research (2020) doi:10.1177/1094670520975143
Yekani "Monitoring and evaluation strategies: lessons learned from COVID-19 pandemic" Cogent business & management (2024) doi:10.1080/23311975.2024.2353201
Yun and Hu "Growth of Venture Firms under State Capitalism with Chinese Characteristics: Qualitative Comparative Analysis of Fuzzy Set" Journal of risk and financial management (2023) doi:10.3390/jrfm16020138
Yun, K. H., & Hu, C. (2023). Growth of Venture Firms under State Capitalism with Chinese Characteristics: Qualitative Comparative Analysis of Fuzzy Set. Journal of Risk and Financial Management, 16(2). https://doi.org/10.3390/jrfm16020138
Zhang: "Does dispositional awe promote customer citizenship behaviours? The multiple mediating effects of construal level and social connectedness" Humanities and social sciences communications (2024) doi:10.1057/s41599-024-03298-6
Zhang "Exploring the green edge: the role of market orientation and knowledge management in achieving competitive advantage through creativity" Humanities and social sciences communications (2024) doi:10.1057/s41599-024-03174-3
Zhong et al. "Corporate philanthropy and bribery as distinctive responses to economic policy uncertainty: Do state-owned and private firms differ?" Asia Pacific Journal of Management (2022) doi:10.1007/s10490-022-09866-1
Zobi "Taxation and customs strategies in Jordanian supply chain management: Shaping sustainable design and driving environmental responsibility" Uncertain supply chain management (2023) doi:10.5267/j.uscm.2023.6.005