The business philosophy and the factors affecting the development of business philosophy in SMEs

In the market economy, business is a legitimate profession that stems from the development needs of the society, and the division of labor. The ideology and spirit of corporate culture are expressed through the corporate’s philosophy of culture. By using different ways, business leaders build and develop their own business philosophy. Especially for small and medium-sized enterprises (SMEs), it is necessary to for them to build their own business philosophy to improve capacity and reputation in the market. This paper is to analyze the business philosophy and the factors affecting the development of business philosophy in SMEs.