Since China’s economic reform programs began, its rapid economic growth has lifted over five hundred million people out of poverty. This accomplishment has been achieved at the price of great risk to national and regional environmental stability threatening the well-being of those living in damaged areas. While China has some of the most stringent and progressive environmental legislation in the world, their effectiveness is hampered by lax enforcement. Professor Hardiman highlights the challenges and opportunities for China as it faces the economic-environmental conundrum
Professor Jia Xijin discusses the environment for NGOs in China. Unlike many developed nations, NGOs in China lack a clear legal status. This means that there are a variety of bureaucratic obstacles to their operation, with “service providers” generally having it easier than “advocacy organizations”. Professor Jia discusses some of those obstacles, as well as the creative ways NGOs in China have been able to circumvent them.
The service industry psychology is that the customer experience is paramount. Georgie Yam warns that taking care of your employees should also be a priority, lest their unhappiness trickle down throughout the business. He recommends that entrepreneurs in the service sector invest themselves in genuinely caring about improving the quality of life of their staff, so they can in turn focus on their job and deliver the experience customers expect.
Nuclear energy is the only viable way to produce clean energy on a large enough scale to meet China's energy needs. Despite considerable investment in renewable energy sources such as wind, solar and bio-fuels, China’s energy demand will always outstrip supply from these sources. Professor Hardiman examines the options available to China to meet its energy requirements and reduce its dependence on coal and fossil fuels. He argues that nuclear energy is the only viable choice for a carbon-free energy future.
There is a popular myth that China does not have enough water to satisfy the needs of its own population and industry. Professor Hardiman exposes the truth behind water shortage, that inefficient infrastructure and failed water-education and management result in a culture of wastefulness. Solving this dilemma is represents a lucrative opportunity for companies, and a brighter future for China.
Regulations concerning the protection of intellectual property in China are steadily improving. Whether operating inside or outside of China, companies taking early action to protect their intellectual property in China will be better equipped to take legal recourse. Eugene Yu shares a checklist of best practices for companies to protect their trade secrets and IP in China.
Adaptation is the key to success in China. Taking a trusted business strategy from the old-world and copy/pasting it into China would be like taking a dinosaur to a horse race. When entering the China market, Victor Wong recommends that companies “assume they’re going to Mars” and develop completely new tactics and strategies if they expect to survive in China's competitive and constantly evolving market. He focuses on the value of talent, and describes how he prefers building a small, high performance team rather than an army of hundreds.
Mr. Wong discusses future trends which will affect China's IT/Software development industries, such as the dominance of India in the global software outsourcing industry and their advantage over Chinese counterparts. With both countries graduating more engineers every year, the battle for IT supremacy looks to be heating up. He also mentions the advent of non-Latin script domain names and cyber-warfare.
Michael discusses best practices to conduct due diligence in Merger and Acquisition (M&A) transactions in Greater China. Unlike in the west, China due diligence is not verifying documents on a checklist. The key is to verify information in the context of a changing society. If one does not understand that society’s past, present and future, the mechanical exercise could create significant operational issues. The due diligence process does not end at the closing.
Ms. Woo discusses key differences between western and Chinese leadership styles and best practices to unleash the leadership potential of your employees in China. As most organizations are composed of diverse talents, understanding the differences and how to efficiently blend the best creates highly successful teams.