TY - JOUR
T1 - Sinyi real estate in China
T2 - The challenges of maintaining an ethical business culture
AU - Tsai, Terence
AU - Young, Michael N.
AU - Cheng, Bor Shiuan
AU - Liu, Shubo Phillip
N1 - Funding Information:
This case was prepared by Prof. Terence Tsai of China Europe International Busi ness School, Prof. Michael N. Young of Hong Kong Baptist University, Prof. Bor-shiuan Cheng of National Taiwan University, and Mr. Shubo Phillip Liu of China Europe International Business School as a basis for class discus sion rather than to illustrate either effective or ineffective handling of an administra tive or business situation. The authors acknowledge the financial support of a research grant from the Research Com mittee of China Europe Inter national Business School.
PY - 2010/12
Y1 - 2010/12
N2 - Sinyi was one of the most successful real estate agent companies in Taiwan and China mainland. Sinyi's founder, Chun-chi Chou, embraced Confucian perspective in his management and successfully cultivated a "people- centered" corporate culture for both Sinyi's employees and customers. Mr. Chou proclaimed "trustworthiness and fair dealing" as the guiding principles for the company. This was in contrast to the immature environment of the real estate brokerage industry in China, where immoral real estate agents were common. Sinyi also signed a master franchise agreement with Coldwell Banker Real Estate Corporation (Coldwell Banker) as its China market entry strategy. However, large international competitors and local real estate agents were aggressively seizing market share and it became difficult for Sinyi to sustain its vision and its unique management style with high-speed expansion. The case highlights the business ethics that has been a cornerstone of Sinyi's success and outlines competitor and industry conditions in China's real estate industry, focusing on the following questions: Should Sinyi adhere to its corporate philosophy of righteousness and trustworthiness among its staff? Does Sinyi need to change its business model in countering its competitors' aggressive moves? What necessary measures must Sinyi take in the ever-changing market? What role did Chou's responsible leadership play in Taiwan and would it be working in China mainland's market?
AB - Sinyi was one of the most successful real estate agent companies in Taiwan and China mainland. Sinyi's founder, Chun-chi Chou, embraced Confucian perspective in his management and successfully cultivated a "people- centered" corporate culture for both Sinyi's employees and customers. Mr. Chou proclaimed "trustworthiness and fair dealing" as the guiding principles for the company. This was in contrast to the immature environment of the real estate brokerage industry in China, where immoral real estate agents were common. Sinyi also signed a master franchise agreement with Coldwell Banker Real Estate Corporation (Coldwell Banker) as its China market entry strategy. However, large international competitors and local real estate agents were aggressively seizing market share and it became difficult for Sinyi to sustain its vision and its unique management style with high-speed expansion. The case highlights the business ethics that has been a cornerstone of Sinyi's success and outlines competitor and industry conditions in China's real estate industry, focusing on the following questions: Should Sinyi adhere to its corporate philosophy of righteousness and trustworthiness among its staff? Does Sinyi need to change its business model in countering its competitors' aggressive moves? What necessary measures must Sinyi take in the ever-changing market? What role did Chou's responsible leadership play in Taiwan and would it be working in China mainland's market?
UR - http://www.scopus.com/inward/record.url?scp=79952052271&partnerID=8YFLogxK
U2 - 10.1142/S0218927510001374
DO - 10.1142/S0218927510001374
M3 - Journal article
AN - SCOPUS:79952052271
SN - 0218-9275
VL - 14
SP - 159
EP - 185
JO - Asian Case Research Journal
JF - Asian Case Research Journal
IS - 2
ER -