A Expounding Of The System Innovation Which Shanxi And Shaanxi Merchants Managed "Mechanism Of Partnerships" In Qing And Ming Dynasties

Businessmen of Shanxi and Shaanxi, called together "Western Merchants", in Qing and Ming dynasties were one of the most powerful commercial groups around China at that time. They traveled around the whole country and strived for their success in business. Shanxi merchants kept powerful in business circle for 500 hundred years and there are still Shan-Shaan Societies around China, as is a historical evidence of the cooperation between Shanxi and Shaanxi businessmen. The reforms and innovations on the business management, which are crucial to their brilliant achievements, have an epoch-making significance on Chinese business administration in history.In Ming and Qing dynasties, commodity economy had acquired a great development in China and, as an economic form with mobility and dispersiveness, helped the flow and restructure of social elements. With the growth of circulation of commodities and market relations their influence, businessmen of Shanxi and Shaanxi usually with small- or medium-sized capital established new business operation mechanism — "mechanism of partnerships" to meet the needs of new circumstances, which separated ownership from managerial authority and became the prototype of early stock mechanism. Under this new operation mechanism of capital, businessmen of Shanxi and Shaanxi constantly developed and improved "mechanism of partnerships", making it a complete system and spreading it among other businesses around the country, which became a typical example of "mechanism of partnerships" and created marvelous business miracles around the world.By explaining the splendid achievements of businessmen of Shanxi and Shaanxi, this thesis gave an all-round, clear and complete discussion on the connotation, form and characteristics of the "mechanism of partnerships" in the enterprises of businessmen of Shanxi and Shaanxi. And it has great immediate significance for the inner reform and innovation of present national large- and medium- enterprises to discuss the pushing function this new business management system brought to contemporary social economy and the inspiration it brought to the modern business operation and managerial mechanism.