＂Right Time, Right Place, and Right People＂ and Chinese Entrepreneurship： A Case Study of Taiwan＇s Din Tai Fung Dumpling House  

作　　者：Fu-Lai Tony Yu Pinky Wan Ping Tse 

机构地区：[1]Department of Economics and Finance,Hong Kong Shue Yan University,Hong Kong,China [2]Department of Economics,Hong Kong Baptist University,Hong Kong,China

出　　处：《Frontiers of Business Research in China》2012年第1期96-119,共24页中国高等学校学术文摘·工商管理研究（英文版）

摘　　要：In examining corporate success, many scholars overlook an important contributing factor, namely entrepreneurship. However, Chinese wisdom believes that the ＂right time, right place, and right people＂ （Three R＇s） are crucial for business success. This study utilizes theories of entrepreneurship from the Austrian School of Economics to reinterpret the three factors for business success. This new interpretation is then applied to explain the success of a famous dumpling house in Taiwan, Din Tai Fung. This study argues that although favorable timing is critical to business success, it requires an entrepreneur to grasp the opportunity when it comes. The seizure of a golden chance requires alertness and preparation. More importantly, this study argues that even dating an adverse period, a crisis can be turned into a profit opportunity. Whereas a favorable location is also regarded as a key factor, this study goes beyond sheer spatial dimensions. Location also encompasses culture, social customs, norms and traditional folklores. This paper argues that an entrepreneur transplants culture and social customs from one location to another, thus, gaining pure entrepreneurial profit. Finally, the ＂right people＂ in an entrepreneurial sense involves a harmonious social network and good personal relationship （Guanxi）. By maintaining a harmonious relationship with staff members, partners, customers, and suppliers, entrepreneurs can ＂get things done.＂ This case study provides a new insight into Chinese entrepreneurship in East Asia.＂Right Time, Right Place, and Right People＂ and Chinese EntrepreneurshipIn examining corporate success, many scholars overlook an important contributing factor, namely entrepreneurship. However, Chinese wisdom believes that the ＂right time, right place, and right people＂ （Three R＇s） are crucial for business success. This study utilizes theories of entrepreneurship from the Austrian School of Economics to reinterpret the three factors for business success. This new interpretation is then applied to explain the success of a famous dumpling house in Taiwan, Din Tai Fung. This study argues that although favorable timing is critical to business success, it requires an entrepreneur to grasp the opportunity when it comes. The seizure of a golden chance requires alertness and preparation. More importantly, this study argues that even dating an adverse period, a crisis can be turned into a profit opportunity. Whereas a favorable location is also regarded as a key factor, this study goes beyond sheer spatial dimensions. Location also encompasses culture, social customs, norms and traditional folklores. This paper argues that an entrepreneur transplants culture and social customs from one location to another, thus, gaining pure entrepreneurial profit. Finally, the ＂right people＂ in an entrepreneurial sense involves a harmonious social network and good personal relationship （Guanxi）. By maintaining a harmonious relationship with staff members, partners, customers, and suppliers, entrepreneurs can ＂get things done.＂ This case study provides a new insight into Chinese entrepreneurship in East Asia.＂Right Time, Right Place, and Right People＂ and Chinese Entrepreneurship

关 键 词：Chinese entrepreneurship CONFUCIANISM catering industry AustrianSchool of Economics 

分 类 号：F272.91[经济管理—企业管理] O412.1[经济管理—国民经济]