Individual research paper Essay Example | Topics and Well Written Essays - 750 words

Individual research paper - Essay Example The business model followed by the company makes it a limited liability company. Other than real estate the company has trading interests and tends to export a few goods aboard such as generators, plastic products, utensils etc. but the mainstay for the company has been real estate. Like myriad other businesses in China, the Jia Nian Hua Company is a family managed venture. The current chief executive of the company, Jia Nian Hua has employed his family members in critical positions such as finance, sales and marketing in order to take advantage of their loyalty. A paternal work environment is apparent when one walks into the office as the employees look towards Mr. Jia as a fatherly figure. Mr. Jia was kind enough to allow some time for an interview concerning his business. When asked about the beginnings of the business, Mr. Jia related that he had begun dealing in real estate in the early nineties when he was employed as a government official in Beijing. In his own words, â€Å"having been associated with real estate early on I realized that China possessed immense potential for growth in coming decades. Therefore, I decided to open up a small real estate shop in Beijing to take my informal business idea to a complete business†. Being part of the government allowed Mr. Jia the critical information he required to expand into the real estate scenario because he was already well aware of where development would occur. He cited the case of new suburbs created around Beijing. Planning for development had begun in the late nineties but â€Å"acquisition of land had been slow due to fears of inflation in real estate if procurement was faster†. This indicates t hat Mr. Jia’s entry into the market as an entrepreneur was based on analytical evaluation that stemmed from information available only to select people in the Chinese government. Mr. Jia’s response also confirms the important assumption about entrepreneurs which states that entrepreneurs