落后的治理方式 meaning in English

out-dated management styles

One is called normative view , and it claims that classic governance is so inferior to modern governance that firms should transfer it to modern governance ; another is called explanative view , and this view considers that most private firms are still locked in classic governance , and this phenomenon is not a random result and has its profound economic ration logic
规范性观点认为，古典治理是一种落后的治理方式，当代民营企业必须向以两权分离为特征的现代治理转变，才能更好地适应市场的竞争局势；解释性观点认为，当代中国绝大多数民营企业自愿“锁定”在古典治理，这并非随机选择的结果，而是有着深厚的经济理性逻辑。