Friday, October 3, 2014

Management Innovation In The New China

Management Innovation In The New China

The economist has this depressing look at China's business prospects, but leads to an article about some real Chinese style innovations

“Having worked in Chinese enterprises I can say that they are badly managed, are decaying from political infighting and they cook the numbers on everything imaginable. I used to think China would pose a challenge to Western firms’ dominance until I saw how they operated.”—on “The China wave”, September 13th 2014

it seems unlikely that China’s companies have come as far as they have just by applying lots of labour and capital. It is also hard to imagine that the huge expansion of China’s education system and its technology industries is not producing fresh management thinking. Western companies knew little about Japan’s system of lean production until its carmakers gobbled up their markets. The danger is that the same will happen with Chinese management ideas.

There are, however, signs that these are now getting the attention they deserve. The MIT Sloan Management Review devotes much of its current issue to examining innovation and management lessons from China. Peter Williamson and Eden Yin of Cambridge University’s Judge Business School contribute a fascinating essay on “Accelerated Innovation: the New Challenge from China”. The latest issue of the Harvard Business Review has a piece on “A Chinese Approach to Management” by Thomas Hout of the Monterey Institute of International Studies and David Michael of the Boston Consulting Group.

... the Chinese, like the post-war Japanese, have been doing a great deal of innovation under the radar. The second demonstrates that they are becoming more creative as they seek to solve the problems of a rapidly advancing consumer economy.

No comments:

Post a Comment