New IMD data will gradually shed light on sector-by-sector secrets of those firms reinventing themselves for the world’s second-biggest market with success
Firms need to innovate to stay relevant, and Asia offers tremendous possibilities. But multinationals wishing to do business there face several challenges specific to the region. A new study by IMD and IoT ONE provides some key insights.
Providing it can avoid the perils of geopolitics, Chinese electric vehicle battery maker CATL has all the ingredients necessary to become a world-beating multinational, says IMD Professor of Innovation and Strategy Mark Greeven.
China’s economy may be coming back to life, but many headaches remain for foreign business in the country, says Joerg Wuttke, president of the EU Chamber of Commerce in China until May this year.
The biggest risk of all is not engaging with China for the sake of innovation, sustainability, strategy, and understanding.
Though some foreign companies continue to struggle in China, prospective entrants are better able than ever before to realistically assess their chances and plan for success, say Karl Ulrich and Lele Sang, authors of Winning in China: 8 Stories of Success and Failure in the World’s Largest Economy.
Jay Yin’s year at IMD proved a turning point in his career – setting him on course to become CEO of one of China’s most ambitious healthcare startups.
Concerns over “tit for tat” retaliatory measures in the wake of the controversial visit to Taiwan by Nancy Pelosi, speaker of the US House of Representatives, have underlined the urgent need for companies to reassess and overhaul their supply chains to counter increased global uncertainty.
The coexistence of high growth and corruption in China is not as exceptional as most people think.
Restrictions and lockdowns herald even worse disruption for 2022. Multinationals should rethink operations to deal with disruption to manufacturing capacity.
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