In this study, according to Mr. Schumpeter’s view of economic history and the problems of indigenous management research in China, the reasons why Chinese scholars are trapped in problems and conflicts currently are analyzed. The issue of indigenous management research in China is explored according to the management theory of cultural characteristics. The results are that the localized research of Chinese branch is a rare phenomenon in the world academia, therefore, indigenous management research in China is a hard work. It is a main development path of indigenous management research for Chinese scholars to recognize and show respects to universal and classic management theory and ideology through theoretical study and practical test in more than a century, while not to adhere to theories or conclusions ignoring the realities of current and future development in China.