Why China needs to rethink its modern Journey to the West − By Morry MORGAN China, ReThink
China, Rethink - Why China needs to rethink its modern 'Journey to the West'
Sep 13, 2014
Chinese companies are expanding globally. Large firms like ZTE and Huawei have already made their mark, but not in a positive way. Instead they are proving that there is no 'Chinese way' and 'Western way', but a global 'Best Practice'.
This presentation was delivered at TEDx Hult Shanghai on April 21, 2013.
P.S. If you liked the graphics, please contact Rio Li who is a fantastic PPT designer (http://www.linkedin.com/in/iamrioli)
This presentation was delivered at TEDx Hult Shanghai on April 21, 2013.
P.S. If you liked the graphics, please contact Rio Li who is a fantastic PPT designer (http://www.linkedin.com/in/iamrioli)
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Why China needs to rethink its modern Journey to the West − By Morry MORGAN
China, ReThink
1600
1550
1500
1450
1400
1350
1300
1250
1200 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
Total population of China, 2005 - 2050
Pop
ulat
ion
(in
mill
ion)
Year
Source: projection results
High Medium Low
“To get rich is glorious”
致富光荣
21 year old
. . . . . .
The 3 realities
LOW ENGAGEMENT
China has the lowest engagement (17%) and highest disengagement (29%) of all regions surveyed globally
- BlessingWhite 2010/2011 Global Employee Engagement Research
“
” Low Engagement
“
”
Mexico ranked highest (75.8%) and China ranked equal third last (63%) alongside the UK
- Hay Group employee engagement index
Low Engagement
Employee Engagement Has Improved in China
Employee engagement among Chinese workers, aged 14 and older, who are employed by an employer
Engaged
Not Engaged
Actively Disengaged
2009 2012 Changed (pct, pts.)
2% 6% +4
67% 68% +1
31% 26% -5
GALLUP
Low Engagement
6%
HIGH TURNOVER
4%
19%
Source: Roland Berger
High Turnover
36% Jump after CNY
High Turnover
Source: Zhaopin.com
POOR MANAGEMENT
*Based on 18 management questions 1=worst manager, 5=best manager
Poor Management Stanford Global Manager Comparative Study, 2009
USA
Cana
da
Net
herla
nds
Germ
any
Swed
en
Japa
n
UK
Fran
ce
Italy
Mex
ico
Pola
nd
Sout
h Ko
rea
Braz
il
Turk
ey
Indi
a
Chin
a
0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Source: Great Place to Work® ‘2012 Best Companies to Work For’ Greater China
Poor Management
ENTER THE COUNTRYSIDE, FOLLOW THEIR CULTURE
入乡随俗
2011
28%
42%
2009
2008 26%
2010 23%
5.6% 6.8% 7.5% 7.7% 7.9% 8.1% 8.3% 8.8% 9.1%
12.8%
Turnover %
Companies
Turnover of locals outside HQ country
11.4%
16.1%
5
10
15
20
25
30
“Huawei banned” “ZTE banned”
Hire Romans
Australia France India UK USA
Toyota
Max Yasuda Daniele Schillaci
Hiroshi Nakagawa Jon Williams James Lentz
Australia France India UK USA
Sony
Michael Ephraim
Stéphane Le Tavernier
Kenichiro Hibi Chris Bowen Jack Tretton
Australia France India UK USA
Seung Ro Yoon David Eberle BD Park Andy
Griffiths Yangkyu Kim
Samsung
Huawei
Australia France India UK USA
Guo Fulin Leo Sun Cai Liqun Victor Zhang Cui Jiangao
Australia France India UK USA
Shi Lirong Lin Qiang Xu Dejun Hui Jing Cheng Lixin
ZTE
Australia France India UK USA
Keith Allen René Aubertin Eric Braganza Duan Wei Shariff Kan
Haier
“Haier banned”
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