Business Credit Culture Management Research

The modern market economy is not only a form of market economy, a legal system protected economy, but also a credit-based economy. However, our country's current credit operations and their social environment allow us little optimism. As a matter of fact, credit crisis has occurred in certain senses. With enterprises being the basic units within the social economic order, their credit being the basic and most common form of credit in an economy, the lack of such credit looms large as the most severe problem in our social credit system. The main reason for this problem is the insufficient instilling of credit culture in our enterprises.This article, from the unique standpoint of credit culture, combining qualitative and quantitative methodologies, investigates the establishment and maintenance of credit culture in an enterprise along its successive management stages. It also explains the basic and core function of credit culture in the credit management of the enterprise, which in all is an innovative extension to the research of business credit culture and is significant both theoretically and practically.The organization of this article begins with the definition of credit culture and credit management based on related literature and progresses to detailed analyses based on the three functions of business credit culture: The credit management function of credit culture. It examines a business' creditinspection and reporting, dynamic gaming process in credit management, sale bycredit and account receivable strategy. The credit proofing function of credit culture. It explains not only the importanceof a guaranteed credit management system, but also from a value system of view...