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October 17th, 2007 by Business China Editor
By Marco Hoekstra
In a world where everybody is convinced markets can only grow, the fight is on for market share. There is enough money available but the difficulty is how to spend it in a way that it can lead to maintain or growth of market share.
The Insurance industry worldwide has had to deal with a lot of new international regulation to protect customers and investors. In these so-called emerging markets it sometimes seems as if there is not always need to comply with these regulations.
Luckily I have already seen things changing in the year that I have been in China. Within the insurance industry I come across more and more “operations managers”, for many of them it is still a struggle to find a place in the organization since usually this is a new role that hasn’t been fulfilled before. Read the rest of “Ops Management within the insurance industry” or post a comment
October 16th, 2007 by Business China Editor
By Lucille Wu
Finding a common language
Working in China requires new HR techniques and practices, which take into account Chinese values and culture. HR professionals should collect and review employee data regularly in a culturally sensitive way to inform decision making (a theme which will be explored later in this document), which will help them develop successful employee attraction and retention strategies.
The importance of understanding candidates’ views are confirmed by the results of a recent Employee Engagement and Retention Survey, commissioned by Manpower China and conducted by Right Management. The survey sought the views of candidates that had left organizations and/or were actively seeking employment, and HR professionals’ views on the same questions. Read the rest of “Understanding Chinese Employees” or post a comment
October 15th, 2007 by Business China Editor
In the world’s fastest-growing economy, the last 10 years are not the best guide to the next 10 years.
by Edward Tse
“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function,” F. Scott Fitzgerald once wrote. He might as well have been describing the future of China. There are at least two prevailing views about this country’s emerging global identity. Believers assert that by 2030, if not sooner, China will be the world’s largest economy. It is already the fastest growing, averaging a 9 percent GDP increase annually over the past 20 years. Skeptics respond that its growth is bound to falter, soon, amid the environmental, social, and political problems brought on by rapid expansion. Read the rest of “China’s Five Surprises” or post a comment
October 11th, 2007 by Business China Editor
By Ernie Tadla
My parents loved my sister and me, and provided for our physical, educational, and religious needs. They did the best they could. In their desire for us to succeed, they criticized everything we did. They never gave positive recognition or approval no matter how well we did. I grew up in a critical and judgmental environment.
That same trend continued when I started working. Most managers played the cop role, correcting what we did wrong, and pounded us if we continued to get it wrong.
Newspapers, TV, magazines, radio all told us about what was wrong with the world and dwelt on human failings, whether it was with our leaders or the man on the street. Read the rest of “China Lesson Four: Face, it is all about respect” or post a comment
October 10th, 2007 by Business China Editor
By Yann Lombard-Platet
Recently I had breakfast with a friend in China. He asked me about the Internet, "Why should my company go on the net?" An easily answered question I thought, but there was more to it.
He totally trusted the Internet and believed that it can help his company achieve a lot in brand awareness and image. So, why the question? Turns out that the rest of his organization was not convinced of what the Internet can achieve and he is the only one who wants to go online. His next questions were, "What is the Internet interest in China? What would make the Chinese audience responds to what is on the net?" Read the rest of “The Internet Marketing Situation In China” or post a comment
