Challenges for Chinese Management in the 21st Century
Since the entry of 21st century, what we talk most is globalization. What is globalization? Brief explanation is that people can do business everywhere you want, whatever you are without the limitation of the country boundaries. However, every coin has two sides, as well as globalization. China now has become the second largest economy, and the biggest export country of industry product. But the challenge facing China’s companies is how to adapt themselves to the trend——globalization. What they need is knowledge of international management.
International management is the performance of management activities across national borders. And extending management activities to include an emphasis on organizations in foreign countries .The trend toward international management or globalization is now widely recognized. The primary question for most company is not whether to globalize, but how and how fast to do so and how to globalization.
International management can take several different forms, from in foreign markets to establishing a formal partnership with a foreign company. BYD Inc, for example, has been successful fighting competition in foreign markets. This company, a manufacturer of solar energy, headquartered in Shenzhen, has achieved outstanding success by gaining significant control over a portion of its multinational markets. The company built factories in 11 countries because
have experience in management than competitors in foreign markets .A report recently made by BYDs’ company president Wang Chuanfu indicates the company is continuing to make good progress in the international area. Wang has promised to make his efforts to develop BYD into a “globe-able” organization.
The notable trend that exists in China is expected to accelerate even more in the future .According to the statistics from People’s Bank of China, China investment in foreign countries and investment by foreign countries in China has grown since 19 and expected to continue growing. Information of this nature has spurred both management and practicing, managers insist that a knowledge of international management is necessary for a overral understanding of the contemporary fundamentals of management.
